India is supposed to create an IoT industry worth $15 billion by 2020- Business Standard
Ever wondered, what makes a city smart? A few years back, the smart city was just a dream of the distant future, but now, smart cities are actually coming to life. These cities are the ideal cities and comprise of an intelligent traffic management system, better lighting control on the streets, access to sensor-activated health screening machines, a hygienic waste management system, automated meter readings for water, electricity and gas consumption data, supply of clean drinking water and good enough space to park cars and bikes of citizens etc.
Chairman of infrastructure, government, and healthcare, at KPMG-India, Mr. Elias George recently stated that “the installation of IoT into the urban culture would ensure favorable management and usage of public resources, along with making city services like urban transit more customer-centric. The growing adoption of IoT will turn out to be an influential factor leading to improvement in the efficacy of urban infrastructure, as well as enhancing the quality of services being provided to the citizens, hence making our cities truly smart said, George.”
Studies by KPMG also cite that there will be over 75 billion connected devices by 2025. Do you know what that means? It means that IoT will build a huge ecosystem aiding super-fast computing, advanced analytics and 1000 times better connectivity, all basic prerequisites to build smart cities.
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