Millions of new devices are estimated to connect to the Internet every second. The installed base of the Internet of Things (IoT) is forecast to grow to between 25-30 billion devices by 2020. Spending for the IoT economy is expected to range into the trillions over the next ten or more years.
Against this backdrop, the Smart Cities of tomorrow are taking shape. They take advantage of the devices in our homes and businesses and the data they create to enhance the quality of life for the people living and working within them.
The demand for smart city solutions is expected to reach $2.57 billion worldwide 2025, driving by factors such as growing urban populations, the need to better manage limited natural resources, and an increased emphasis on environmental sustainability.
Ellen Hwang is the Smart City Director/Assistant Director of Strategic Initiatives for the City of Philadelphia, part of the city’s team tasked with managing its technology infrastructure, planning, and policy. In this role, she is responsible for Philadelphia’s technology related governance, policy, program development, and capacity building.
Source : Forbes