Expo puts host city at fore­front of new in­dus­try

China Daily (USA) - - IOT@ WUXI - By WANG WEI wang­wei2012@chi­nadaily.com.cn

and if the car makes an un­usual jour­ney, the bank will au­to­mat­i­cally re­ceive an alert.

The IoT plat­form is much more ob­jec­tive and ac­cu­rate than on­line fund­ing and tra­di­tional fi­nance, which of­ten use sub­jec­tive risk as­sess­ments. More­over, be­cause the data is in­put au­to­mat­i­cally rather than by hu­mans, the plat­form elim­i­nates the risk of cheat­ing, said Liu.

Ping’an Bank’s Wuxi branch was among the early ex­plor­ers test­ing the waters of IoT fi­nance. It teamed up with WSN in 2014 in

The up­com­ing World In­ter­net of Things Ex­po­si­tion will show­case new IoT tech­nolo­gies and pro­vide com­mu­ni­ca­tion chan­nels for busi­ness lead­ers and in­dus­try pro­fes­sion­als.

The event will of­fi­cially open in Wuxi in East China’s Jiangsu prov­ince on Sun­day and will con­tinue through Tues­day.

“Lead­ing IoT fig­ures from both home and abroad will gather to dis­cuss the de­vel­op­ment of the in­dus­try,” said Huang Qin, deputy mayor of the host city.

With the theme of “in­no­va­tive in­ter­net of things era and shar­ing global wis­dom”, the expo is ex­pected to at­tract 80,000 peo­ple, in­clud­ing busi­ness lead­ers, ex­perts and gov­ern­ment of­fi­cials.

Nearly 500 com­pa­nies have con­firmed their at­ten­dance. They in­clude Alibaba Group Hold­ing Ltd, Google Inc and Siemens AG, who will show­case their in­no­va­tive prod­ucts and IoT strate­gies at the Taihu In­ter­na­tional Expo Cen­ter.

While the ex­hi­bi­tion will dis­play state-of-the-art IoT prod­ucts and pro­vide glimpses of fu­ture tech­nolo­gies in a 50,000-square-me­ter ex­hi­bi­tion area, lead­ers from in­ter­na­tional or­ga­ni­za­tions will de­liver key speeches at a se­ries of fo­rums on such IoT as­pects as in­for­ma­tion se­cu­rity, fi­nance and de­vel­op­ment of sen­sor tech­nolo­gies.

Part of the expo, the fourth meet­ing of the lead­ing group of Wuxi Na­tional Sen­sor Net­work In­no­va­tion Demon­stra­tion Zone is to be held on Sun­day, the first time it has been held con­cur­rently with the WIOT expo.

As well, the fi­nal of the China Na­tional Col­lege In­no­va­tion Com­pe­ti­tion of IoT Ap­pli­ca­tion is tak­ing place in Wuxi, with win­ners in IoT pro­gram­ming, cre­ation and ap­pli­ca­tion re­ceiv­ing awards on Mon­day.

More than 100 teams from 230 uni­ver­si­ties and col­leges across the coun­try will present a wide range of in­ven­tions at the three-day com­pe­ti­tion, in­clud­ing a voice-con­trolled wheel­chair de­vel­oped by stu­dents from Shan­dong Agri­cul­tural Uni­ver­sity and a smart walk­ing stick fit­ted with a GPS de­vice de­signed by stu­dents from Yan’an Uni­ver­sity.

In ad­di­tion, the expo will also help to fa­cil­i­tate in­ter­na­tional in­vest­ment, or­ga­niz­ers said.

Dur­ing the expo, the host city will an­nounce an IoT town de­vel­op­ment plan, which will be built in Wuxi’s Xinwu dis­trict and is ex­pected to spur growth in the sec­tor.

Re­port­edly the first city around the coun­try to is­sue poli­cies to sup­port the IoT sec­tor early in the 21st cen­tury, Wuxi has main­tained a steady 30 per­cent av­er­age an­nual growth in its IoT busi­ness rev­enue over the past three years. To learn more about the World In­ter­net of Things Ex­po­si­tion, scan them!

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