The city of Wuxi is a city nestled between Changzhou and Suzhou. Situated in China, the small city thrives on the bank of Taihu Lake. Although now in the news for technological development, Wuxi is an old city that was established originally in 202 BCE by the Han Dynasty of the Chinese Empire. In ancient times, the city developed further under the rule of the Sui and Tang dynasty. With the opening of the Grand Canal in China, Wuxi gradually became a hub of exports. The main exports of the city were rice and textile. The city of Wuxi has since then thrived through many eras and grown as a city.
As industrialization came into China, Wuxi grew as a manufacturing hub with many companies established in the region. In recent years, Wuxi has seen the transformation of industry 4.0 and become a hub of industrial growth. The next step of Wuxi in development is its growth in the IoT sector. After becoming a prime manufacturing hub, the city of Wuxi has evolved into the city of IoT. The use of Internet of things applications in the city’s industries has grown. Wuxi is a smart, IoT enabled city that many people label as the city of the future. In the last twelve years, Wuxi has transformed into a futuristic manufacturing hub with IoT enabled industry.
Therefore, it is unsurprising that this year, the World Internet of Things Summit was organized in Wuxi. The prime event of this summit was the World Internet of Things Expo, organized on the 23rd of October. Experts in IoT and key industry leaders gathered in Wuxi on occasion to discuss the future of IoT and how its capabilities have the power to transform the world. The rapid pace of digitization and evolution of IoT capabilities will bring about tremendous digital transformation for industries as well as the domestic sector.
The Wuxi summit was attended by the Secretary, Wuxi Municipal Party Committee. In his address at the summit, the leader has talked about how the digital networking of all things can help the world in the future. The Internet of things and its network has the potential of creating a digital civilization for the people. Through this digital civilization, the future of the human race will be able to achieve many goals and objectives. The leader has further said that the IoT sector has the capability of lighting up the world with new prospects. The leader hailed the expo as a platform to realize these prospects as an industry and a society.
Wuxi has taken up the development of IoT at an urban level for the last decade. Today, it is called the global capital of IoT technology. The World IoT summit is a very important event that brought together IoT researchers, companies, and cities in an effort to evaluate present developments. The discussion at the summit also touched upon the future map of IoT sector development and its consequences for the world.
Wuxi acts as a base for over 3000 IoT enabled companies and has a highly competitive business environment. The city is a central part of China’s national strategy of technological development. The city of Wuxi has a strategic and active position in expanding the national and global IoT sector, with industries using IoT for different verticals at a collective revenue turnover of more than 300 bn Yuan in 2020 alone.
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