In a world where people are always connected to each other via internet capable devices such as computers and smartphones, it may seem that the internet is everywhere, however the Internet of Things (IoT) is here to show us that this is just the tip of the iceberg. The IoT envisions a world in which ubiquitous internet is taken to the next level. All objects are equipped with sensors and are connected to the internet, essentially tying the physical world to the digital world. This would allow them to communicate with each other and people. While this idea may seem farfetched for the time being, decreasing costs of technology mean that the time for the IoT to come to fruition is closer than ever.
When we started the Home Automation (HA) business a decade ago, it mainly used for control, home security, mastery, and self-centered lifestyle. With increasing awareness of environmental preservation and human well-being in recent years, the trend is shifting towards energy saving and targeted for use by people with disabilities and for the care of frail older adults-providing safety, security, and ease of self-management, as well as providing both on-site and remote monitoring and healthcare. I call that this HA2.0 because the control is passive; it is initiated by human control through different devices and media in an integrated manner. While the manufacturers of appliances and sensors are working towards a common standard of communications and interoperability, more and more appliances are being shipped with built-in intelligence. They can be self initiated according to the changing environment. I call this HA3.0 with IoT as being the enabler. The same phenomenon is happening for RFID applications such as Real Time Location Tracking, Library Solution, and Asset Management. Moreover, with the adoption of IPV6, Big data analytic, and Cloud Computing, urbanization is moving towards the concept of Smart Cities.
Physical objects are capable of being programmable, addressable, communicable, and sensible. The nature of combining digital technology with physical objects often results in collaborations between partners of vastly different industries. Firms are no longer simply selling goods to buyers, but rather firms are providing platforms upon which users can add value upon. This is a “Shared Value” era. Shared value is defined as policies and operation practice that enhances the competitiveness of a company and advancing the economic and social conditions in the communities at the same time, which supersedes corporate social responsibility. Shared Value can be created by satisfying societal needs, enhancing resource utilization and process efficiency, and enabling an eco-system development involving suppliers, customers, academic organization, and Government.
HKC is creating a “Shared Value” opportunity of which we utilize our skill, resource and management capability for a “Better City, Better Life” as being manifested in our Company slogan: