Smart city corresponds to integration of Internet of Things (IoT) and Information and communication Technology (ICT) to manage the city assets. Smart cities make use of IoT to extract the data to leverage analytics insight to make smart global power houses. According to GTAI, Economic Development Agency of Germany, Germany is playing an active role in shaping the future cities within Germany and at International level. The country is deploying Information and Communication Technology (ICT) in all aspect of life as a starting point of smart and sustainable cities.
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The global houses are being smart centric in their day to day life processing of huge volume of data generated from sensors and connecting devices through Big Data analytics. Infrastructure, affordability, funding, lack of information, data integration and knowledge are some of the challenges hindering the growth of Smart Cities.
The challenges can be addressed by bringing big business houses, technology providers and government support at one platform. Infrastructure such as fiber optic connectivity, wireless solutions and public Wi-Fi will be fundamental building block of smart cities. Open data and standard platforms can be implemented in data integration. Further, awareness and investment through various channels such as private or government funding can bring transparency in building smart cities.
In 2016, Obama administration launched White House Smart Cities Initiative where the administration announced $80 million in New Federal Investment in building smart cities. In fiscal year 2017, Government of Singapore revealed about an estimated of SG$2.4 billion ($1.7 billion) of tender for building smart cities through Information and Communication Technology (ICT).
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Big Data analytics can be implemented to drive up the economy and standard of living for the citizens of developing nations. Country such as India being a world fastest growing economy is looking forward to tap the Big Data analytics for building a smart nation. The Government of India is investing $7.4 billion and collaborated with Japan to build up smart cities across India.
The steps taken by developing and developed nation for smart cities will open the opportunities for regional and international technology provider with increase in socio and economic growth and will lead them in building the smart Governance, Energy, Infrastructure, Mobility, Technology, Health care and so on.
The technology giant, Cisco Systems Incorporation began planning for building smart cities by integrating IoT based solutions through Cisco Kinetic for cities platform. Cisco Kinetic for Cities is a cloud based platform which can extract, compute and move data from connected things of IoT to deliver better service and outcome. On another hand, Sidewalk Labs is using Flow software which is designed to manage congestion and parking problems making urban transportation efficient. The data analytics in real usage will make the smart city a reality.
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