Cameron Drummond of The Market Herald dives deep into the innovative strategy that Orcoda is pursuing to electrify smart city transportation.
Article’s Key Points:
- Orcoda’s (ODA) Intelligent Transport Management Systems (ITMS) interoperates with smart devices and infrastructure to aggregate and optimise transport logistics
- The more-than-$1 trillion smart city industry is expected to grow 150 per cent by 2030
- Orcoda’s acquisition of The Betta Group allows it to provide both infrastructure and smart software to upgrade transportation networks
- The installation and electrification of smart devices for transport corridors has led to a 59 per cent increase in sales for Orcoda in Q1 FY23
- ITMS solutions are being used to manage traffic flows to reduce congestion, thereby helping reduce carbon emissions
Technology is rapidly getting better, cheaper and more efficient — and governments and urban planners across the world are looking to improve our cities by turning them into ‘Smart Cities’ that will help decarbonise our energy use for a more sustainable future.
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