Smart City initiatives are emerging here in the U.S. and around the globe. Forward leaning cities from Seattle to Singapore to London are expected to spend nearly $124 billion this year on smart city initiatives, an increase of 18.9 percent from 2019, according to a recent IDC report.
In order to have smart cities, it’s important to understand the most fundamental part of them – smart buildings. They are the foundational “building blocks” that will enable a true transformation of our cities through which we’ll have safe, sustainable, connected environments for the majority of the world’s population. But as buildings get smarter across the world, there is a missing element needed to drive wider and measurable progress – a universal, holistic approach to assessing a building’s intelligence, or “smartness.”
GS Technologies Ltd (LON:GST), through its subsidiary, EMS Wiring Systems Pte. Ltd, provides services in the “Smart Building” sector. Smart Building is a diverse term that refers to the technological capabilities of buildings and other work place facilities.
