Smart cities are necessary to adapt to the demands of urban growth. IoT technology lies at the heart of a smart city, improving the lives of the citizens within it. The IoT-enabled smart city can reroute traffic around congestion in real time, automatically schedule repairs for failed infrastructure like street lighting or bridges, and intelligently manage energy use and pollution right across the built environment. It can protect citizens and businesses from crime more effectively, and safeguard vulnerable citizens in their homes.
A smart city is a place where traditional networks and services are made more efficient by utilising digital and telecommunication technology.
Smart buildings help businesses to achieve their goals by optimising the capability of all equipment and systems. Converged networks are at the centre of every smart building and city, underpinning its performance, to ensure efficiency for its inhabitants and businesses.
There are a number of challenges for businesses in today’s ever-changing environment, which can have a significant impact on operational costs. These include rising energy costs, environmental concerns, a need to focus on corporate social responsibility and impact in the local areas where the business operates.
There are a number of goals driving change, influencing decisions and presenting opportunities today including;
- Economic development
- Efficiency and the environment
- Citizen engagement
Handle the ever changing needs of growing urban populations. 66% of the world’s population will live in cities by 2050. These populations will have diverse needs and high expectations of public service.
Greater service efficiency and quality. Local governments are under pressure to deliver greater service quality and efficiency, for less.
Create citizen-centric services. Creating the services that meet the needs of citizens, and are based around how they live and interact with their city, build stronger communities and can drive service efficiencies.
Stronger, more connected communities. Building engagement with citizens and businesses is essential for cities looking to create interactive solutions that involve and improve communities.
Economic development. Cities and communities are built around connectivity - the most successful cities are based on networks that connect people, businesses, transport and ideas together.
- Greener, more environmentally friendly cities. Urban environments can be made more efficient by utilising innovative technology and strategies for air quality, energy usage and sustainability.
For businesses it’s all about having smart technology being available at the touch of a button. Customers demand a seamless service and to meet that need, businesses need a resilient system that continually delivers.
For cities, operational agility means being able to handle the ever-changing needs and demands of their citizens, businesses and services, while maintaining efficiency and quality of service. By building a resilient and flexible communications infrastructure that can handle future growth and change, with the latest technology can:
Use IoT technology to turn devices and assets, such as security cameras, energy meters, street lights, bins and parking meters, into remotely controlled sensors.
Utilise visibility and control solutions to help manage cost, energy, time and resource savings.
- Deliver an end-to-end solution that leverages the best from IoT, making for a more attractive place to live, invest in and run a business from.
Internet of Things forecast
Growth of the Internet of Things and in the number of connected devices is driven by emerging applications and business models, and supported by standardisation and falling device costs.
According to IDC, worldwide spending on the IoT is forecast to reach $772.5B in 2018. That represents an increase of 15% over the $674B that was spent on IoT in 2017.
The global IoT market will grow from $157B in 2016 to $457B by 2020, attaining a Compound Annual Growth Rate (CAGR) of 28.5%.
In 2018, mobile phones are expected to be surpassed in numbers by IoT devices, which include connected cars, machines, meters, wearable and other consumer electronics. Between 2016 and 2022, IoT devices are expected to increase at a CAGR of 21 percent driven by new use cases.
To find out how Exchange Communications can help your business visit: www.exchangecommunications.co.uk/products/smart-building-and-cities