Why smart cities need to become much smarter to deliver the full benefit
Deployments of smart cities need to become smarter if they are to deliver on the promise of a connected society and provide true value to authorities, businesses and citizens.
That’s the verdict from oneM2M, a global standards initiative for M2M connections and the Internet of Things (IoT), following a new whitepaper titled ‘Smart Cities Done Smarter’.
The report mentions Persistence Market Research’s forecast of the worldwide smart cities market that it will grow from its current $622 billion value to be worth $3.48 trillion by 2026. This will lead to an increasing number of different vendors and stakeholders, each with their own systems and ways of communication, who will inevitably need to interact in the future with interoperability being the key to enabling this, the company adds.
In order to achieve this, oneM2M has set out a plan for smart cities across the world that includes key deployment requirements such as a horizontal platform for new deployments, open standards to avoid vendor lock-in, adaptors for vertical deployments, and open and semantically-enriched data.
According to oneM2M, a horizontal platform – which consists of a common service layer to allow every component to communicate as one system – will enable city planners to sidestep vertical deployments, which do not scale if smart cities are to expand and support multiple IoT use cases. Instead, an open horizontal platform can leverage existing networks, enable the sharing of software across different applications and allow devices with multiple uses.
It also states that deployment of a horizontal platform will also enable existing legacy IoT deployments to be incorporated into new smart city deployments through the use of adaptors, while open standards will allow city managers to mix and match vendors according to their needs, leading to greater control of total cost of ownership. This will eventually transform ‘dumb’ data – numbers without meaning – into semantically-enriched data could be one of the biggest value-adds of all, bringing increased efficiency and reduced OpEx to smart city architectures.
A report from Navigant Research states that more than 250 smart city projects exist in 178 cities around the world, with the majority focusing on government and energy initiatives followed by transportation, buildings and water. It forecasts the global market for smart city solutions and services to grow from USD 40.1 billion in 2017 to USD 97.9 billion in 2026.
Interested in hearing industry leaders discuss subjects like this and sharing their IoT use-cases? Attend the IoT Tech Expo World Series events with upcoming shows in Silicon Valley, London and Amsterdam to learn more.
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