Nokia Oyj (NYSE:NOK) finalized a Memorandum of Understanding with StarHub to lead IoT momentum in Singapore. The two firms intend to advance new IoT applications and use cases in the segments of connected living, connected buildings and connected vehicles, with plans to provide commercial services to consumers the first quarter of 2018. The association between StarHub and Nokia to allow faster and easier development of IoT services will assist enterprises identify and build on Smart Nation capabilities and opportunities to grow their business.
Nokia will assist StarHub and its associates in the advancement of use cases like for smart parking, video analytics and environmental sensors. The company will also assist StarHub promote the advantages of IoT technology via various activities, such as developer outreach plans and participation in IoT-associated events. Nokia Bell Labs will offer increased consultancy services to StarHub as well as its enterprise consumers to support IoT market momentum in Singapore.
Dr Chong Yoke Sin, the Chief of Enterprise Business Group, StarHub, expressed that a major component of Smart Nation initiative in Singapore comprises the deployment of IoT devices, including in office, homes, parks and streets. The granular data received from these sensors will permit enterprise consumers to comprehend and get insights from their consumers, enhancing operational efficiencies and help in long-term planning. They will use Nokia’s IoT technology to resolve urban issues faced by government and commercial consumers. They look forward to establishing viable business models on this budding technology.
Nicolas Bouverot, the Head of Asia South Market Segment at Nokia, expressed that they are delighted to be working with StarHub to assist increase the gains from the immense potential of IoT. They are dedicated to helping service providers in IoT to get new customers and bring new revenue sources. Nokia is leading the IoT evolution, and their insights will allow StarHub to establish and deploy high-value business models and services.