Success of Singtel’s smart living solutions hinges on IoT demand: BMI

It will start trials by early 2016.

It’s an innovate or die market in the telecommunications industry, and SingTel’s smart living solutions may be the telco giant’s first step in a new era of connectivity.

According to analysts from BMI Research, smart living solutions will be a precursor for the integration of connected objects into the firm’s bundling strategies.

BMI adds that government projects which are already in the pipeline will facilitate the take-up of smart home applications, while the ageing population will boost demand for elderly monitoring.

“Smart Living Solutions will encompass three key areas, namely: smart home, connected cars and remote health monitoring. The operator has signed a memorandum of understanding (MoU) with Samsung and NCS (SingTel's IT arm) to jointly develop these solutions and applications,” BMI Research said.

Meanwhile, despite being relatively new to consumers, BMI says the demand for Internet of Things (IoT) will determine the reception of SingTel’s initiatives.

“High broadband penetration rates and datacentre capacity equips Singapore with the right fundamentals for IoT, whilst the government's goal of transforming the country into a Smart Nation will whet consumer appetite for greater connectivity,” BMI Research said.