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Big step for a small suburb: Oakleigh to receive a smart city upgrade

September 18, 2019

September 18, 2019

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Big step for a small suburb: Oakleigh to receive a smart city upgrade

Earlier this month, Monash Council made the exciting announcement that it will be partnering with Monash University and Traffic Technologies to turn Oakleigh into one of Melbourne’s first smart city precincts. The i-Sense Oakleigh project will pilot a range of smart technologies which will allow the council to better manage its public assets and provide higher responsive services to its residents. 

Earlier this month, Monash Council made the exciting announcement that it will be partnering with Monash University and Traffic Technologies to turn Oakleigh into one of Melbourne’s first smart city precincts. The i-Sense Oakleigh project will pilot a range of smart technologies which will allow the council to better manage its public assets and provide higher responsive services to its residents. 

Utilising the Internet of Things (IoT), the i-Sense Oakleigh project will include an array of smart technologies, such as LED street lighting, bin sensors, parking sensors and Wi-Fi that are all connected to a central control point. While it’s not quite yet as futuristic as The Jetsons, it does hold the potential to change how we manage the simple necessities within our cities. For example, bin sensors can notify maintenance teams when they should be emptied, street lights can be controlled, adjusted and monitored remotely, and there is even the capacity for people to check parking availability via a mobile application. 

In recent years, smart city technologies have been a primary focus for governments both at home and abroad, with cities such as Singapore, Dubai, Amsterdam, Barcelona, Madrid, Stockholm, Copenhagen and New York implementing the initiatives into their everyday lives. While each city has its own uses and goals for the technologies, there is the innovation to go as wide as enhancing the performance of water and energy usage, accessing road conditions and traffic information, public transport and security solutions.

According to Zion Market Research’s 2018 report, the smart city industry is predicted to be a $USD 2.7 trillion global market by 2024. There are multiple smart technology companies driving this growth, including Australia’s own Traffic Technologies.

Traffic Technologies’ involvement in the i-Sense Oakleigh project will be to develop the IoT platform, which will connect and effectively run the smart city’s lighting systems. The company’s platform has been successfully used in lighting systems across Victoria and New South Wales, and has wide applications for the future, including traffic management, parking and asset management. While Oakleigh may only be getting a taste of what a smart city can be, who knows what possibilities it holds for its future and maybe, even the whole of Melbourne.

 

To receive company news and announcements from Traffic Technologies (ASX: TTI), please register your details on their Investor Centre.

*Reach Markets have been engaged by TTI to assist with private investor management.

 


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