SAP Funds Research to Build Smart Cities in China
SAP NEWSBYTE - As part of the SAP® Urban Matters program, which promotes sustainability and tackles urban challenges, SAP AG (NYSE: SAP) today announced that it intends to collaborate with the College of Engineering at Peking University (PKU) on the design of applications to create connected cities. SAP also intends to make a large monetary donation to the College of Engineering. The announcement was made at China SAPPHIRE, being held November 20-21 in Beijing.
“The world around us is being radically reshaped by software and great technologies that are helping improve and amplify people’s lives and abilities,” said Dr. Vishal Sikka, member of the Executive Board of SAP AG, Products & Innovation. “Through the collaboration with the College of Engineering at Peking University, we see great opportunities to help transform cities into intelligent, adaptive living environments that help dramatically simplify and improve our lives, our abilities to conduct business and to achieve our goals.”
The size of China’s market for smart city solutions is estimated to grow to more than 500 billion Yuan by 2025. China has publicized its smart city program by recently unveiling development plans for more than 200 smart cities, districts and towns. Furthermore, China Development Bank has been commissioned to assist the Chinese government’s smart city development programs and announced it will invest more than 80 billion Yuan by 2015 to finance smart city projects. The projects will use advanced technologies at all stages of the building and infrastructure of smart cities — from the electric grid and water infrastructure to transportation systems, environmental protection and healthcare.
Working with the College of Engineering at PKU and its world-renowned research faculty of experts in infrastructure and urban development, SAP plans to launch pilot projects beginning in 2014 in multi-tier cities to develop smart city solutions that help create more livable and environmentally friendly urban developments.
For more information, visit the SAP Newsroom. Follow SAP on Twitter at @sapnews.
Samantha Finnegan, +1 (415) 377-0475, email@example.com, PST
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