The key role of Japan in the development of the New Clark City (NCC) in Central Luzon, Philippines was highlighted by the Department of Finance (DOF) Secretary.
According to a recent report, NCC will be a new metropolis that will be prepared for the future and will be “driven by technology and the most forward-looking industries.”
According to the Secretary, the New Clark City can be made a reality and can emerge even better than what the government has imagined, through the cooperation between Filipino and Japanese enterprises.
The new city being built will be the icon for dynamic urban centres intended to be nurtured by the government as the country confidently marches towards the future.
It will foster innovation and will underscore the capability of the country to harness new technologies in order to build vibrant and sustainable communities.
Moreover, it will demonstrate the great progress that international partnerships make possible.
A Philippine-Japan Seminar dubbed, “New Clark City with Japan: Creating a Smart City with High Quality Infrastructure”, was held in Pasay City last 21 November 2018.
The event was aimed at encouraging new Philippine and Japanese business partnerships as well as introducing smart city solutions in developing NCC.
As reported, Special Advisor to the Prime Minister of Japan, Dr Hiroto Izumi said that the relationship between the Philippines and Japan is close and friendly, and focused on urban development initiatives.
ASEAN nations including the Philippines have achieved rapid economic growth, and they are now facing urban issues and problems Japan had experienced before.
Dr Izumi highlighted some strengths of Japanese cities from which the Philippines can learn from.
Japanese cities have Transit Oriented Development, which integrates railway operations to other development areas like offices, residences and commercial centres.
Japanese cities are Smart Cities, which incorporate various elements such as mobility, nature, safety and security, resource circulation, and use of renewable energy.
The Department is looking forward to the smart city solutions and the business partnerships being encouraged between Japanese and Filipino companies.
The New Clark City being visualised is not just any township. It is envisioned to be a hub of agro-industrial activities. It will also be a home to cutting-edge technology and logistics companies.
In addition, the city will be hosting well-equipped backup government centres and world-class sports facilities.
Alongside the development of NCC is the construction of railways going to Subic and to Manila as well as the expansion of the Clark International Airport (CIA).
The Clark International Airport will be getting a new world-class terminal building to accommodate a projected eight million passengers per year.
This will help relieve the congestion at the Ninoy Aquino International Airport (NAIA) in Parañaque City.
Until recent digital advancements, business functioning has been difficult, said the Sales Director of a large retail organisation in Vietnam. With two hundred agents and tens of thousands of retail outlets across 63 provinces and cities in Vietnam. To manage this scale of business, the company opted for software that helps both manage and support activities.
Similarly, a biotechnology company shared that after two years of applying management technology, the company has had a significant change. Their marketing staff realised that the tech-enabled system has helped them better control their daily work and boost sales. The customer conversion rate has increased by 20%, while the problem resolution decreasing to between 1-2 hours only. The number of points of sale has been doubling every day.
Thanks to digital transformation, many businesses have overcome difficulties caused by Covid-19. This has benefited those who need the technology as well as those who provide solutions.
A new entrant in the market industry generated US$4 million in revenue in 2020 by taking advantage of the epidemic to provide digital transformation solutions to major partners in Japan.
Another major player successfully developed a distribution management solution, fully meeting the needs of monitoring, automation and sales activities. Their solution digitises the entire business process in the distribution system, helping businesses have a more intuitive and accurate view of the market, customers and their competitors.
Chairman of the Vietnam Software and Information Technology Services Association (VINASA) Truong Gia Binh, said that digital transformation is a global trend, a vital issue for countries, organisations and enterprises. The world is witnessing a strong revolution in labour productivity and user experiences with many new business models that have been formed.
No doubt, the digital transformation trend is thriving but is not easy to realise because understanding the digital economy is a big challenge. Many domestic companies have heard about digital transformation and do not know how to implement this process.
A survey by the Ministry of Industry and Trade on the readiness to apply 4.0 technology in production and business activities in 2018 showed that 61% of enterprises “stood out” in the trend, 21% had initial preparations and 16 out of 17 fields under surveys had a low level of readiness in the digital transformation process.
According to a survey of 400 Vietnamese enterprises in 2020 by the Vietnam Chamber of Commerce and Industry (VCCI) and an international trade organisation, the four main barriers in digital transformation include Lack of information about digital technology (30.4%); lack of internal manpower to apply digital technology (32.3%), fear of leaking personal and corporate data (33.9%); lack of digital technology infrastructure (38.9%), and high cost of digital technology application (55.6%).
Many businesses still think that they do not need digital transformation and all issues can be handled on paper or spreadsheets. However, they need to consider the future development direction and future scale. Without determining digital transformation early, they will be in trouble later said a digital solutions provider.
According to the White Book on Vietnamese Businesses 2020, small and medium-sized enterprises account for 98% of the total number of corporates in the country. They have many advantages in digital transformation thanks to their flexibility and fast change. They need to understand how large enterprises operate, their business models and transformation processes, and apply them flexibly and creatively.
Digital transformation can be a smooth process as there is a lot of good technology, good infrastructure, good human resources and expertise available. Of course, these Vietnamese businesses will face teething issues when first starting, but they experience long-term gains and this will result in stronger motivation. Therefore, these businesses need the support of tech companies that specialize in digital transformation.
With the theme “Accompanying businesses in the digital era”, Vietnam Expo expects to bring resonance to the National Digital Transformation Program, creating a forum to connect the business community and enable their approach to digital transformation solutions to increase competitiveness in production and business.
Two tech firms operating under the Hong Kong Smart Government Innovation Lab recently announced that they have launched new solutions which are now ready to be acquired by companies and institutions.
Solution one – City Traffic Simulation System
The system that the firm provides allows users to trial virtual routes using dummy cars (virtual vehicles) so that they can experience the latest routes and collect feedback on them without having to wait until the roads are built to find out the problems.
Firstly, the system can improve the effectiveness of traffic route design. Secondly, the system can reduce and avoid road traffic congestion caused by road design. Third, collected data can be used for further development of many other technologies including autonomous driving AI.
The solution was developed to be applied in the areas of City Management, Commerce and Industry, Development, Environment, Health, Housing, Population, Recreation and Culture, Social Welfare as well as Transport.
The developed using the latest in Artificial Intelligence (AI), Data Analytics, Deep Learning and Virtual Reality.
The collected data can be used for the further development of many other technologies, including autonomous driving artificial intelligence. Although the development of this new technology requires a lot of data, the firm found that realistic and games are the perfect tool for acquiring large amounts of data.
Solution two – micro-segmentation solution
The second innovation is a micro-segmentation solution that prevents the spread of breaches inside data centres and cloud environments. Various global enterprises use the firm’s system to reduce cyber risk and achieve regulatory compliance.
The firm’s platform uniquely protects critical information with real-time application dependency and vulnerability mapping coupled with micro-segmentation that works across any data centre, public cloud, or hybrid cloud deployment on bare-metal, virtual machines, and containers.
The solution was meant to be applied across the areas of Broadcasting, City Management, Climate and Weather, Commerce and Industry, Development, Education, Employment and Labour, Environment, Finance, Food, Health, Housing, Infrastructure, Law and Security, Population, Recreation and Culture, Social Welfare, Transport as well as in public organisations.
The solution employs the latest in Data Analytics, Deep Learning, Machine Learning and Cybersecurity.
The tech company has assisted many organisations to reduce firewall complexity rules by 95%. Moreover, the solutions have seen 15,000 firewalls rules reduced to 40 security policies and had saved over US$300,000 in labour and transformation costs.
The firm also segmented development and production environments without having to shift infrastructure or re-architect their network, saving over US$200,000 in re-architecture costs.
The tech company provides precise protection of critical applications, enabling Zero Trust control against the spread of potential attacks, easy-to-deploy micro-segmentation with quick time to value; reliability and confidence from testing; visibility for cross-team collaboration; and millions in savings vs. ACI and NGFWs.
About the Smart Government Innovation Lab
In 2018, the Government established the Smart Government Innovation Lab to explore hi-tech products such as AI and relevant technologies, including machine learning, big data analytics, cognitive systems and intelligent agent, as well as blockchain and robotics from firms, especially local start-ups.
The Lab is always on the lookout for innovation and technology (I&T) solutions that are conducive to enhancing public services or their operational effectiveness. I&T suppliers are encouraged to regularly visit the Lab’s website to check on the current business and operational needs in public service delivery and propose innovative solutions or product suggestions to address them.
Digital payments could account for 71.7% of the total payments volume by 2025, leaving cash and cheques at 28.3%, according to a recent report. Last year, the transaction volume share in India stood at 15.6% and 22.9% for instant payments and other electronic payments, respectively. Paper-based payments had a considerable share of 61.4%, the report said.
More than 70.3 billion real-time payments transactions were processed globally in 2020, a surge of 41% compared to the previous year, as the COVID-19 pandemic dramatically accelerated trends away from cash and cheques towards greater reliance on real-time and digital payments, the report stated.
During 2020, India was ahead of countries such as China and the US. The country processed 25.5 billion real-time payments transactions, followed by 15.7 billion in China, 6 billion in South Korea, 5.2 billion in Thailand, and 2.8 billion in the UK. Among the top ten countries, the US was ranked ninth with 1.2 billion transactions.
By 2025, the share of volume by instant payments and other electronic payments, however, is expected to rise to 37.1% and 34.6% respectively. Leaving the volume of paper-based transactions at 28.3%. Furthermore, by 2024 the share of real-time payments volume in overall electronic transactions will exceed 50%.
The report also estimated that by 2024, the share of real time payments volume in overall electronic transactions will exceed 50%. An industry expert explained that India’s journey of creating a digital financial infrastructure can be characterised by collaboration between the government, the regulator, banks, and fintech. This helped advance the country’s goal to achieve financial inclusion and provide rapid payment digitisation. The pandemic has further accelerated digital payment adoption with many first-time users adopting electronic payment systems.
A news report noted that India’s digital payments market surged during the pandemic even as incentives such as cash backs, rewards, and offers helped businesses to attract more customers. Moreover, policy frameworks such as Pre-Paid Instruments (PPI), Universal Payment Interface (UPI) by the NPCI apart from Aadhar, and the launch of BHIM-app have driven the financial inclusion and improved the payment acceptance infrastructure in the country in the past few years.
As the industry evolves, it is estimated that economies will witness increased adoption across different users and volume growth will be driven by recurring payments, transit payments, and cross-border transactions. As the pandemic continues to drive changes in consumer and business behaviours, banks, merchants, and intermediaries across the payment ecosystem are responding rapidly, prioritising the shift to digital platforms to protect current revenue streams, and search for new ones through a fully digitised customer experience.
With millions of people globally having to change the way they work and live – and the way they shop and pay – mobile wallet adoption rose to a record high of 46% in 2020, up from 40.6% in 2019 and 18.9% in 2018. Countries like Brazil, Mexico, and Malaysia where many people historically relied on cash are now some of the fastest adopters of mobile wallets. An official said that the pandemic has cast the spotlight on the importance of digital payments and robust payment infrastructures, condensing a decade of anticipated innovation into one year and creating human behavioural changes that will not reverse as the world emerges from the crisis.
The world is also rapidly becoming more urban. In the 1800s, only about 3% of people lived in urban areas. By the 1950s, that had spiralled to around 29% and currently, over 50% of the world lives in a city. The UN predicts that by the year 2050, 68% of the population will live in urban centres.
What is more interesting now is the development of Smart Cities – cities that are made on technology and that are dependent on technology. Studies show that most cities around the world now have some smart features – some more than others.
With high population density and buildings squeezed together to maximise space, millions of people living near each other come with challenges. These are risks are exacerbated with natural disasters or other calamities. An earthquake might devastate the structure of a city and leave thousands missing and buried in the rubble. A flood may not just leave a few people stranded on rooftops but, in an urban setting, could leave millions in a perilous state.
The solution to these issues lies in the idea of Smart Cities – urban living spaces that have all the basic infrastructure designed by and built on technology. In addition, it has tech-enabled predictive, preventive, and responsive measures put in place to manage critical events.
OpenGov Asia had the opportunity to speak exclusively to David Graham, Chief Innovation Officer, City of Carlsbad.
As the Co-Chair of the San Diego Regional Smart Cities Collaborative, Co-Chair of the Harvard Technology and Entrepreneurship Centre City Innovation programme and the City of Carlsbad Chief Innovation Officer, David is focused on co-creating the cities of the future and training the leaders who will make it possible.
With vast political, operations and management experience, David has been passionate about embedding innovation at all levels. He has worked with local governments for over twenty years in both the public and private sectors that encompass several multi-agency and city-academic partnerships.
Having provided smart solutions for large cities, David currently works with medium-sized communities – like Carlsbad. In terms of scope, it is on par with most of the country’s states. He strongly believes that if innovative change can be incorporated in a city like Carlsbad, it could be a shining example for the rest of the country. Passing information, technology, best practices have a significant impact on the development of other smart cities across the country.
To give some perspective, Carlsbad was named “Digital Capital” by a multinational technology company in its annual E-City awards programme. Analysing the online strength of the small-business communities of all fifty states in the US, the tech company honoured one city from each of the fifty states as the new “digital capital.” These cities’ businesses are using the web to find new customers, connect with existing customers and fuel their local economies.
For cities with a mission to innovate, David conceded that the ongoing COVID-19 pandemic further highlighted the work that needs to be done immediately. Government services had to move to the digital space to conduct their programmes.
Data integration became more vital than ever before – building more communication and ICT infrastructure for operations to be able to assess the public’s immediate needs in terms of services and how to deliver those services in a contactless manner.
The pandemic also heightened the need for innovation and in fact, it should be a strong motivator for action – “anyone in the government can and should be an innovator”. David and his team are keen to instil the drive for innovation. They want to provide incentive and opportunity for the government to approach their job with a continuous improvement perspective and where they feel empowered for being part of the change.
The Carlsbad council with David’s help, have already identified deficiencies in their technology and communication platforms and they are committed to continuously improving them. First on their to-do list was to utilise digital collaboration tools better and more comprehensively within the council itself. With time and availability being rare commodities, David and his team conducted meetings virtually – well before the pandemic. So, when COVID-19 struck, they knew that these digital tools would be even more important.
In terms of connectivity, Carlsbad is using consumer-grade broadband. Understanding the pressing need early on, prior to the pandemic, David convinced the council to collaborate with a third-party fibre connection provider. Through this, they were to build a digital information network with a 200-500 gigabyte core network ahead of the COVID-19 crisis.
David acknowledges, for the most part, everyone overcame organisational barriers at such a lightning pace due to necessity brought on by the pandemic. The world had to accelerate because there were no other options.
With a little breathing space now as infection rates drop and vaccination programmes being rolled out, organisations need to be more intentional. They should assess what they have been able to do, and from that, prepare for what is coming next and make sure they do not return to normal, as everyone is in a better place in terms of innovation after the pandemic. David said, “it would be a tragedy if we snapped back to our old reality without learning the lessons of what we have gone through.”
Interestingly, an added inhibitor is animosity. In stressful times it is easy to take offence. People and organisations must put personal differences aside because, in the era of COVID-19, everything is potentially a matter of life and death. Issues cannot be around territories or jurisdictions. This is the time to share vital information on possible solutions that serve the greater good.
The pandemic has driven radical change in operations such as remote work. Initially, much of the measures were ad hoc or designed to be temporary and David believes there is place for some adjustments. Remarkably, though, this new set up seems to be working just fine for most organisations in some way, shape or form. The trust that cities paced in their employees played a role in the success of the setup as well as the commitment of staff to continue to deliver citizen-services throughout the pandemic.
None the less, in the public sector, he notes, that there is still a lack of good project management and collaboration tools. These are vital to assess key performance indicators and allow for monitoring and feedback.
Governments must not only think about infrastructure when dealing with a critical event. They should consider ways to improve the experiences of users on these platforms by providing good services. With this as a backdrop, David listed three crucial areas that governments and organisations should focus on.
The first one is transportation, transit, and mobility. Developing a sustainable urban tech programme demands an effective transportation system, especially in the current context where citizens are wary of using mass transit.
The second one is to accelerate data integration between organisations and agencies. Data from contact tracing apps, public records, travel information as well as announcements from federal and local agencies that can help curtail the effects of the pandemic must be shared quickly and comprehensively.
In Carlsbad, the council began to share such data for public consumption when the crisis was just starting to make its presence felt. Keeping the public aware, getting them motivated and making them part of the solution was vital for Carlsbad. Instead of just telling people what they needed to do, citizens were made an intrinsic part of the response. By doing so, the city managed to have the lowest number of COVID-19 cases of any city of its size in the region.
David reiterated that sharing data with the public and across agencies should be applied in all types of endeavours, not just in disasters. This is foundational for smart cities and communities to grow.
In addition to transportation and data integration, community amenities such as parks and libraries are integral to keeping the city on as even a keel as possible. David observed a surge in library inquiries during the pandemic – not just for books and the like – but also for workforce and training purposes.
Carlsbad launched several digital communication initiatives on social media platforms, via e-mails, etc., to let people know that these services were still available for citizens during the pandemic.
With their important role, these facilities should be digitalised. In fact, physical services should be expanded to the digital space where possible. With higher uptake, this is an opportunity for the government to accelerate the digital transformation of its services.
In the end, David acknowledges that the human angle to technology is the most difficult thing to incorporate. If governments and organisations can lead and begin with the human story, explaining why technological and data solutions are necessary, they will reap huge benefits in politics, the public and the community.
The Victorian government plans to invest a total of AU$30 million to upgrade and modernise the IT infrastructure of 28 of the state’s hospitals and health services in a bid to guard against further cyber-attacks.
The AU$30 million will be divided amongst hospitals across Melbourne and regional and rural health services. Melbourne hospitals will receive a majority share of nearly AU$22 million, while the remaining AU$8 million will be split between regional and rural health services.
As part of the state government’s Clinical Technology Refresh program, the funding will be used specifically to replace older servers and operating systems with new infrastructure.
The state government touted the new infrastructure will reduce IT outages, improve network speed, support the rollout of Wi-Fi at the bedside of patients, as well as enable the loading and viewing of high-resolution medical imaging, telehealth, and access to clinical support and pathology results from other hospitals.
Victoria’s Minister for Health stated, “We are helping hospitals and health services across Victoria upgrade computers and IT infrastructure to strengthen reliability and cybersecurity. This is about protecting our health services from cyber attacks.”
Last month, surgeries operated by Eastern Health in Victoria were forced to cancel some patient appointments after experiencing a “cyber incident”.
Eastern Health operates the Angliss, Box Hill, Healesville, and Maroondah hospitals, and has many more facilities under management. In a statement, Eastern Health said it took many of its systems offline in response to the incident.
The statement noted that many Eastern Health IT systems have been taken off-line as a precaution while we seek to understand and rectify the situation. It is important to note, patient safety has not been compromised, it added.
Back in 2019, a similar incident affecting Victoria’s hospitals occurred, which resulted in them disconnecting themselves from the internet in an attempt to quarantine a ransomware infection.
At the time, the Victorian Department of Premier and Cabinet revealed the impacted hospitals were in the Gippsland Health Alliance and the South West Alliance of Rural Health.
The incident occurred shortly after the Victorian Auditor-General’s Office (VAGO) labelled the state’s public health system as highly vulnerable to cyber attacks, with a report flagging that security weaknesses within the Department of Health and Human Services (DHHS) own technology arm are increasing the likelihood of a breach in 61% of the state’s health services.
“There are key weaknesses in health services’ physical security, and in their logical security, which covers password management and other user access controls,” VAGO had written. “Staff awareness of data security is low, which increases the likelihood of success of social engineering techniques such as phishing or tailgating into corporate areas where ICT infrastructure and servers may be located.”
In its audit, VAGO probed three health providers and examined how two different areas of the DHHS – the Digital Health branch and Health Technology Solution – provide health services in the state.
In probing the health services, VAGO said it was also able to access accounts, including admin ones, using “basic hacking tools”. The accounts had weak passwords and no MFA.
The report said that all the audited health services need to do more to protect patient data. It also found that health services do not have appropriate governance and policy frameworks to support data security.
Three initiatives for the National Internet Exchange of India (NIXI) have been inaugurated by the Ministry of Electronics and Information Technology (MeitY). NIXI will play a significant role in helping Indian entities learn about and adopt IPv6 (Internet Protocol version 6). IPv6 is the most recent version of the Internet protocol.
It provides identification and location information for devices and networks connecting to the Internet. A news report explained that the protocol is considered especially important with the impending move to 5G, which will increase the total number of devices connecting to the Internet. Last February, the Department of Telecom (DoT) had mandated all government organisations to transition to IPv6 by March 2020.
It said that IPv6 could offer better traceability and interaction between networks and devices in the future. This is a crucial factor, given the growth of the Internet of Things (IoT), which is expected once 5G networks start rolling in.
NIXI was formed in 2003 and works to provide improved Internet services in the country. It was set up for peering ISPs among themselves to reroute domestic traffic within the country, instead of from abroad. This enhances the quality of service (reduced latency) and reduces bandwidth charges for ISPs by saving on international bandwidth.
IPv6 Expert Panel (IP Guru)
The IP Guru group was created to support Indian entities that have technical trouble migrating to and adopting IPv6. Additionally, the IPv6 expert group will identify and hire agencies to help end customers by providing the necessary technical support to adopt IPv6. The panel will guide and aid IPv6 adoption. It comprises members from DoT, MeitY, and private organisations.
The NIXI Academy educates technical and non-technical people in the country about technologies like IPv6, which are generally not taught in educational institutes. The platform helps network operators and educators understand networking best practices, principles, and techniques. It shows users how to manage Internet resources better and use Internet technologies more effectively.
The NIXI Academy consists of an IPv6 training portal, which was developed by several technical experts. It offers mass training tools. The beginner training materials offered initially will be available for free, but advanced courses may be offered in the future and will be chargeable. Successful candidates (that have passed the examination) will receive a certificate from NIXI, which will be useful to find jobs in the industry.
NIXI has also developed an IPv6 index portal for the Internet community. It will showcase the IPv6 adoption rate in India and across the world. It can be used to compare IPv6 domestic data with other economies in the world. The portal will provide details about IPv6 adoption and traffic, shortly. It is expected to motivate organisations to adopt IPv6. It will collect input and research for planning by technical organisations and academicians.
Organisations and governments aim to abolish the old IPv4 protocol, which was based on 32-bit systems. It could only accommodate 4.3 billion devices. This is not enough for the proliferation of devices connected to the Internet today. IPv6 is more secure, efficient, and mobile-friendly, making it a suitable system for use in the future of 5G. “The idea is that IPv6 addresses will be used as identifiers for both external and internal devices in your organization,” according to a technical policy analyst.
Hong Kong Science and Technology Parks Corporation (HKSTP) recently hosted the STP Platform Experience Day to showcase successful technology use cases that have undergone the STP Platform’s extensive validation process during their pilot phase.
From an automated rodent detection application to disinfecting robots and a preview of AI-powered smart traffic management, the use cases are proof of the growing demand and benefits of the platform’s suite of validation and testing services.
The STP Platform is a dedicated service platform to support the technology development of tech ventures and encourage technology adoption by corporates especially in the areas of AI and Robotics (AIR), smart city, big data, Internet of Things (IoT) and sensors technologies.
The platform builds upon HKSTP’s industry-first validation service for AIR, previously announced in August 2020, featuring unique virtual and physical lab simulation and real-world testing capabilities.
At the Experience Day, use cases tested at the STP Platform during the pilot stage were shared during the panel discussion. Industry experts from the Electrical and Mechanical Services Department (EMSD), MTR Corporation Limited (MTR), Transport Department and The University of Hong Kong (HKU) shared their expertise on the value and impact of industry-standard simulation and their experience of identifying and honing the right solutions through the validation process.
The CEO of HKSTP stated, “The success of our Park companies is our success. It is encouraging to see the impact and market adoption of their innovations through the STP Platform. The use cases on show at the STP Platform Experience Day are a great demonstration of our living lab philosophy and mission to accelerate the adoption of innovative technologies across Hong Kong business. The validation services drive trust, acceptance and confidence in these emerging technologies and further establish Hong Kong businesses as bold pioneers and adopters of game-changing innovations.”
Reducing technology risk, uncertainty and adoption barriers
The STP Platform addresses the biggest barriers to the development and commercial adoption of emerging technologies. Validation of innovation is often expensive, time-consuming and limited by physical constraints and the lack of benchmarks for a fair comparison. The STP Platform offers corporates an independent performance evaluation tool, allowing them to test different solutions accurately and cost-effectively under numerous user scenarios.
The STP Platform overcomes major obstacles in technology adoption among businesses by delivering three key benefits:
- High cost-performance (CP) value. The performance of different image recognition solutions were evaluated in a case that tested their ability to recognise rodents. This enables a like-for-like and impartial comparison so that corporates make an informed decision on which solution best balances their performance and budget.
- Versatile testing capability. The platform’s highly versatile testing capabilities were demonstrated by evaluating disinfection robots under an unlimited set of environments. The STP Platform’s virtual lab can accurately simulate different real-world settings ranging from hotels to shopping malls. Additional integration with physical testing removes a host of limitations and time constraints and further validates the virtual simulation results.
- Risk-free validation. The STP platform reduces the risks of limited testing data, inaccurate projections and unfavourable outcomes. The platform provides a comprehensive preview over a longer period with unlimited scenarios, enabling better forecast for making decisions and reducing cost. HKSTP’s Smart Transportation Challenge which was hosted in March, saw solution providers using the simulation technology of STP Platform to visualise their traffic congestion solutions and test their performance.
With ongoing effort, the STP Platform will develop more datasets and simulation scenarios to further expand and enhance modelling capabilities. It has a clear vision to offer richer standards and benchmarks to support a wider variety of industries and applications. The platform is constantly evolving to test and validate more cutting-edge technology areas for the banking and finance, real estate, construction sectors and more.