The Internet of things is rapidly reshaping our world, with a recent McKinsey report predicting that the economic impact of IoT will be $2.7 trillion to $6.2 trillion by 2025. And China is leading the way in creating the building blocks out of which this revolution is being built: cutting-edge sensors.
That was the consensus at the International Summit Forum of Sensor Technology and Industry Development, an event that brought together the leading minds in the Chinese and global sensor industry in Wuxi, Jiangsu province on Oct 30.
Held as part of the World Internet of Things Exposition (WIOT), the forum featured a number of high-profile speakers, including Massachusetts Institute of Technology professor George Barbastathis, You Zheng, deputy president of Tsinghua University, Ye Tianchun, director of the Chinese Academy of Sciences' microelectronics division, and Richard Steven Payne, chairman of leading sensor manufacturers MEMSIC.
China is now the largest market for sensors in the world, as well as a leader in sensor technology innovation, and this was highlighted by the number of significant new products unveiled by Chinese companies during the forum.
This included a new fund founded by Guolian Baiyi which aims at supporting emerging industries like IoT, an industrial report Everything is Connected authored by Li Xiaoyan, chief editor of Interconnected Elements, focusing on the diversified shapes of the IoT industry and some newest products with frontier technology released by MEMSIC, a local based enterprise engaged in the research and production of semiconductors.
A highlight of the forum served as the official debut of a parking cloud service platform of ZTE, global leader in telecommunications and information technology. The platform, based on mobile internet, cloud computing, and big data techniques, established city-level parking data acquisition and analyze management system, which provides real-time traffic information via O2O mode of "Internet + wisdom" parking and realizes carport sharing at the same time to promote the availability of carports.
"Our system consists of Easy-park intelligent parking cloud service platform as its core product," said Liu Haifeng, president of ZTE Intelligent Transportation, "which integrated functions such as carport positioning, carport booking, carport induction, and diversified medium of payment etc." He added the system has been tried out in the city's Micro-nano Park.
The forum organizer also specially set a discussion section, where experts probed into the function of MEMS technology in global sensor development, breaking application of MEMS sensors, Chinese MEMS enterprises' international competitiveness, as well as opportunity and challenge or MEMS sensors in future.
China has nowadays grown into the largest sensor market in the world possessing a decisive position in technical innovation and global market share of sensors. Wuxi National Hi-tech District is among the first batch of pilot areas of national intelligent sensing system, the very reason why the forum is held in Wuxi.
If you have any problems with this article, please contact us at app@chinadaily.com.cn and we'll immediately get back to you.
