IoT has limitless potential when it comes to its widespread impacts on various industries around the world, and we can’t wait to see what’s in store for the future. These four industries are further proof of how the increasing adoption of IoT technology will have a positive impact in the very near future: banking, design & manufacturing, healthcare, and the rise of smart cities.
Saudi Arabia announced its new transformation program called ‘Vision 2030’ in April 2016. This ambitious yet achievable blueprint has clarified the goals of developing cities, achieving environmental sustainability, improving digital infrastructures, and expanding the variety of digital services.
The smart cities market is expected to grow from USD 308 Billion in 2018 to USD 717 Billion by 2023, at a CAGR of 18.4%. The Smart Cities Market has witnessed substantial growth, owing to need for public safety and communications infrastructure, increasing number of government initiatives and PPP models for smart cities, growing adoption of connected and smart technologies in smart cities initiatives,optimizing the use of energy during peak hours, and citizen empowerment and engagement.
IWCE report finds critical communications industry feels 5G has biggest potential to create Safe Cities but is still several years away from mass adoption.The report found that 76% use LTE devices and 70% are currently planning to use 5G. While it also was revealed that respondents felt 5G has the biggest potential to create safer cities above all other technologies such as AI, IoT etc. those surveyed also claimed cost and lack availability of sites to install 5G antennas were cited as the top reasons for its delayed rollout. Lack of understanding of the technology coming in third (32%) and regulation being seen as the least important barrier for rolling out 5G across America.
Egypt’s new capital, being built between the Nile and the Suez Canal, will be the country’s first smart city. The strategic vision for this smart city includes integrating its smart infrastructure to provide many services such as: smart monitoring of traffic congestion and accidents, smart utilities to reduce consumption and cost, smart buildings and energy management including a focus on renewable energy and using IoT to save power consumption, as well as “building optical-fiber infrastructure connecting every building using FTTX technology.
R&M predicts several trends in the developments of Public, LAN and DC networks. Here are the challenges and trends, along with the solutions: 5G continues to drive the digital transformation; Wireless and wireline networks are converging; and Smart Cities continue to evolve.
We’re only a few days into the New Year and all we can say is the outlook is uncertain. The enthusiastic hype that has filled the news in the past with promises of 5G solving the world’s problems has turned to skepticism. “Smart” cities are being discussed as not such a smart idea anymore. The latest battles in the “pole wars” we’ve written about before now focus on placement of small cells for 4G/5G, not on installing aerial fiber optic cables.
As cities get smarter, they are becoming more livable and more responsive—and today we are seeing only a preview of what technology could eventually do in the urban environment. Now technology is being injected more directly into the lives of residents. Smartphones have become the keys to the city, putting instant information about transit, traffic, health services, safety alerts, and community news into millions of hands.
The winners of this year’s Digital Cities Survey from the Center for Digital Government are those making smart investments in technologies from infrastructure and citizen engagement to data storage and cybersecurity.
The Smart City multi-trillion-dollar market has become an umbrella for a lot of smarts – Smart: Healthcare, Building, Industry, Logistics, Transportation, Agriculture, IoT, and more. Each one of those smarts have a gazillion applications and products that support them. But we need a better way to define the market that will allow us to talk more specifically about the needs and discern appropriate solutions quicker. A decoder ring, if you will.
