The world is quickly becoming urbanised. According to the United Nations, 68 percent of the global population will live in cities by 2050. While cities hold most of the world’s wealth, they also produce 70 percent of CO2 emissions and consume two-thirds of energy worldwide. As more people move into cities, their sustainability comes into question.
To improve urban living and to optimise their resources, cities are folding internet-connected devices into streetlights, municipal infrastructure, parking meters, and more, composing what could be called the “technological” portion of a smart city. Working with big-name developers and up-and-coming startups, smart cities are using the Internet of Things (IoT) to improve the quality of life for their citizens.
Golden Saint Technologies (LON:GST) builds on the profitable ICT business of its Singaporean subsidiary EMS Wiring Systems, which has been supplying governments and large private organisations with intelligent building solutions for the last 28 years. GST’s strategy is to develop solutions to meet the needs of the ICT industry, acting on the surging opportunities in the technology and innovation sectors – Data Centres, Intelligent Buildings, Smart Cities and the Internet of Things – and particularly targeting emerging markets where the demand for ICT infrastructure is rapidly increasing.