Smartphone is increasingly used in various financial activities
Online banking
Mobile banking
-
56%29%
Balance Inquiry
-
48%38%
Transfer Money
-
41%44%
Pay Bills
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To envision a sustainable, inclusive socioeconomic system,
Society 5.0 leverages several enabling technologies such as
Connected-sensors, Cloud, Big data, Artificial Intelligence,
combined with ubiquitous connectivity.
The convergence of these technologies will help develop
supporting solutions to strongly influence every dimension
(referred as ‘Digital Pillars’) of our society by completely
transforming our way of life.
Digital government is a critical element of a thriving digital economy. To achieve a successful transition, governments must work in synergy with private businesses to provide 5G networks and data centers, promote digital understanding among citizens, and enable secure access to services and data through digital identification systems such as biometrics.
Developing a national digital transformation ecosystem and building an innovative and inclusive digital economy can create innovative services and business models.
Digital finance includes a variety of products, applications, processes, and business models largely relying on Cloud services, Big Data, AI, and biometrics that have transformed the way traditional banking and financial services are delivered.
Digital transformation has empowered financial institutions to significantly reduce documentation involved in processes such as customer offer acceptance, customer identification, transaction monitoring, and risk management. Service providers are able to customize value-added services more effectively and securely with additional trust reinforced through Blockchain, enable innovative use cases to improve customer experience, and increase operational efficiency.
Tech innovations are not just disrupting the entire landscape of healthcare systems, but also are streamlining physicians’ work, reducing human error, optimizing systems, improving patient outcomes, and lowering costs of overall care. These innovations play an even more critical role in the context of aging societies.
Technologies such as AI-enabled medical devices, Blockchain-backed Electronic Health Records (EGRs), and Telemedicine are some examples of digital solutions that are completely reshaping how we access healthcare, how decisions are made about health problems, relevant treatment plans, and how data is shared among care-providers, insurance providers, government agencies, and other relevant stakeholders.
Public transportation is benefiting from cutting-edge technologies. These past few years have witnessed an explosion of transit data and standardization; as a result, cities are able to provision real-time data to offer optimal combination of public transports to get from point A to point B and manage various travel nuances. In addition, biometric technologies are now enabling more accurate and efficient identity verification processes at airports.
Innovation in digital transportation is essential in private mode of transport as much as it is in public transportation. Automakers are integrating a wide range of digital solutions to enhance the overall driving experience through autonomous drive-mode, preventive maintenance, remote monitoring, customized media services, and more. There are also evolving developments in the external driving experience such as vehicle-to-vehicle communication and advanced navigation services. In addition, new ICT-based business models benefiting the customer will arise such as usage-based insurance, new finance and leasing, ride-share, connected cars bringing in-vehicle e-commerce, telematics, and more.
How Society 5.0 achieve a greener environment
Sustainability is the ability to exist constantly, and the exploitation of resources, direction of investments, orientation of technological development, and institutional change are all in harmony and enhance both current and future potential to meet human needs and aspirations. For these reasons, this pillar is more a lintel, as it has implications in all other pillars.
IoT - based home automation (appliances, security, energy) making life safer, easier and more convenient
Online banking
Mobile banking
Balance Inquiry
Transfer Money
Pay Bills
Account takeovers are the source of 89% of digital fraud losses
In 34% of cases, fraud occurs on accounts on users’ own device. Physically stealing devices is a common way for hackers to penetrate victims’ defenses
The global telehealth market is forecasted to grow from US$25.4 billion in 2020 to US$55.6 billion by 2025
The Global Medical Wearables Market is forecast to be worth US$23.7 billion by 2025
Global market for big data in healthcare will grow from US$21.5 billion in 2018 to nearly US$52.5 billion in 2025.
Telemedicine startups raised a record US$3.3 billion in Q4 2020, boosted by COVID-19 crisis
15%
Reduce Cost
Telemedicine can reduce the costs of doctor visits by 10-15%
89%
Telemedicine
Up to 89% of patients are willing to accept telemedicine as a sufficient form of medical care
75%
Reduce 49.5% Hospitalizations
Telemedicine can reduce hospitalizations by 49.5% and 30-day readmissions by 75%
20%
20% In-house Security
Only 20% of telemedicine practitioners have in-house security officers and typically rely on external security vendors
55% of the world population lives in urban area today
in 2050
Tokyo’s population is estimated to be over 37 million people
The population of inner city Tokyo is multiplied by 6 in daytime compared to night
In the top 50 busiest stations ranking in the world, 27 are stations located in Tokyo.
With more that 30 million people commuting daily into the city, peak-hour congestion exceeding 180% on some lines
47%
Public transport
24%
Walk
17%
Cycle
12%
Private car
By deploying smart-mobility applications, the city can cut commuting time by 15%.
Tokyo has reduced its GHG emissions in the transport sector by 36%
Organizations that move technology services to the cloud consume 77% fewer servers, 84% less power and reduce carbon emissions by 88%.
By combining building-automation, dynamic electricity pricing, sensors and analytics, cities can save on water (25 to 80L per person per day), reduce wastes (30 to 130kg per person per year), and cut emissions of GHG by 10 to 15%.
NEC has been an ICT partner with government agencies for more than a century. With expertise in biometric
technology via
the Bio-IDiom authentication platform and NEC the Wise (AI portfolio) and other enabling technologies, NEC’s
focus on
ensuring public safety, a national digital identity program, information management for agencies, and
process
automation-related solutions allows governments to deliver safe and secure digital services that work
seamlessly across
multiple departments.
To further strengthen its position, NEC made two acquisitions:
1) Northgate Public Services (NPS), a UK IT vendor
specializing in providing technology solutions to police services and other government bodies and
2) KMD A/S, the largest IT vendor in Denmark with a very strong portfolio and footprint in the digital
government
sector. Furthermore,
NEC Laboratories Singapore (NLS) collaboratively works with six other R&D bases across the globe to speed
up
time-to-market of new technologies that help contribute to the resolution of a broad range of business and
social
concerns.
The NEC Digital Finance team drives its strength from its advanced working knowledge in the enabling
technologies, including Artificial Intelligence (AI), biometric authentication & security, and wireless
networks. With a focus on Open banking platforms, fraud prevention, credit scoring for loans, insurance,
asset & wealth management, clients can trust NEC’s solutions and domain knowledge. NEC offers leading
products for Banking and Financial services to engage customers, empower employees, and optimize business
operations.
NEC has established a digital business incubation team in Singapore committed to develop, test, and deploy
newer
technologies in the relevant markets. To further enhance its focus in the domain, NEC added specialist
expertise through
multiple acquisitions of Avaloq, BanqSoft, and Northgate.
NEC has remained committed to advancing healthcare technologies for more than five decades by bringing
innovative solutions to healthcare providers and caregivers and transforming the care experience that
patients receive. NEC is also bringing broader technologies, such as AI, and is facilitating medical
research institutes to develop reliable diagnostic tests and platforms to contact-trace and control
transmission of emerging or endemic infectious diseases and to support acceleration of AI-driven drug
development.
NEC has developed and delivered numerous systems to improve efficiency of various hospital departments while
optimizing interdepartmental cooperation at hospitals for medical accounting, clinical laboratory testing,
medication inventory, and medical imaging as well as automated dispensing systems for pharmacies. NEC
Laboratories Singapore (NLS)’s Smart Patient Recovery Prediction System (STARIS) leverages healthcare
predictive analytics to predict patient’s (e.g., in case of stroke patients) recovery potential, by
collecting physiological and biopsychosocial data from patients and their past medical records. NEC
OncoImmunity AS (NOI) offers proprietary machine learning-based software called the NEC Immune Profiler that
addresses key knowledge gaps in the prediction of bona fide immunogenic neoantigens for personalized cancer
immunotherapy. NEC Laboratories Europe (NLE) has experience in developing neoantigen cancer vaccines by
collaborating closely with academic and industrial research groups.
Leveraging the power of ICT, NEC is able to bring a range of solutions that capture and analyse data in
real-time and leverage insights to address challenges faced by the transportation industry such as road
accidents, traffic congestion and crowd management, fare collection, etc. Big Data Analytics and AI-based
solutions help in preventive maintenance of infrastructure, efficient traffic monitoring, reduction of road
fatalities through user behaviour analysis and driver profiling, and, lastly, reduction of financial fraud.
These solutions are deployed in differing areas including air, rail, road, and waterways, delivering both
traditional and smart transportation services.
Across the globe, NEC has demonstrated prowess by successfully executing sophisticated projects such as
multi-modal integrated ticketing, automated fare collection, passenger identification and information
systems, transit management systems, smart interchange, etc.
By introducing advanced technologies, we can further comprehend our environmental challenges and discover
solutions on how to combat them to create a more sustainable world.
With ongoing issues such as climate
change, accumulating waste and energy consumption, and rising population, our advanced technologies like AI,
big data analytics, biometrics and digital platforms, etc are crucial to analyze data and create smart
solutions that will resolve these circumstances.
• Optimise entire demand and supply value chain and increase accuracy of demand forecast to reduce waste
• Optimise movement of people and goods
• Allow humans and robots to work together (address labour shortage issue in some industries)
• Ensure safety and security of citizens, especially during pandemic situations, through tracking and tracing
Press Release
Star Alliance deploy Biometrics identity verification platform at Frankfurt & Munich Airport
Read the Press ReleaseCase Study
NEC delivers Intelligent Bus Service for better customer satisfaction in Hong Kong
Read the Case StudyVideo
NEC's Agri-Tech Solution achieves higher harvest with less input of fertilizers and water
Watch the VideoCase Study
NPS Provides MPS with Platform for Integrated Management and Real-Time Sharing of Policing Information
Read the Case StudyArticle
Digital Government Strategies using KMD & Northgate Public Services Solutions
Read the ArticlePress Release
STARIS solution demonstrates Digital Transformation for Healthcare
Read the Press ReleaseReport
NEC leverages AI-tech to visualize future health conditions in Suginami City, Japan
Read the ReportCase Study
NEC provides mobile coverage solution at Erasmus Medical Center in Rotterdam
Read the Case Study