US-based networking giant Cisco on Thursday announced to explore setting up an Internet of Things (IoT) Innovation Hub and deliver a smart city in Gujarat.
Cisco signed two Memorandums of Understanding (MoUs) with the state government which aim to establish an IoT Innovation hub with the International Centre for Entrepreneurship and Technology (iCreate) at iCreate’s campus near Bavla, Ahmedabad, and deliver a smart city project in Gujarat International Finance Tec-City (GIFT).
“The announcement underlines Cisco’s commitment to enable Gujarat to capitalise on digital opportunities, strengthen the vibrant innovation ecosystem in the state, enhance quality of life of citizens and accelerate the digital transformation of the state,” said Dinesh Malkani, president, Cisco India and Saarc.
The IoT Innovation Hub at iCreate’s campus will enable startups and entrepreneurs build smart city and IoT-based solutions.
“We are excited to partner with Cisco for the IoT innovation hub, which will be a tremendous accelerator for startups to develop digital solutions that reach global markets,” said Anupam Jalote, CEO of iCreate.
GIFT City, being developed as India’s first greenfield smart city, has many unique features like District Cooling solution – a first-of-its-kind utility tunnel and ready availability of a next-gen data centre.
Cisco and GIFT are exploring deployment of smart city applications including public Wi-Fi, smart parking, smart transport, traffic analytics, Remote Expert Government Services (REGS), smart kiosk, smart environmental sensors along with the City Digital Platform (CDP).
“GIFT is using ICT as a strategic differentiator – putting technology at the foundation of its expansive community. As India’s first operational smart city, GIFT has helped transform how cities are built, managed and experienced,” said Ajay Pandey, MD and group CEO of GIFT.
Meanwhile, nearly 50 percent of citizens in large cities globally will benefit from smart city programs by sharing personal data by 2019, according to market research firm Gartner.
Volume of machine-readable data generated on how citizens interact with government and their city is rapidly growing, creating a huge opportunity to develop open data portals that can increase efficiency, improve citizen experience, drive innovation and generate revenue for government organizations.
Gartner predicts that 20 percent of all local government organisations will generate revenue from value-added open data through data market places by 2020.