Smart City/IoT

Smart phones and watches. Video doorbells and learning thermostats. Voice assistants that let you turn lights on and off, check weather and traffic, order take-out food or send flowers to a loved one. These are just a few of the more well-known internet-connected gadgets designed to help make people’s lives better. These are prime examples of the Internet of Things.

Smart Cities and the Internet of Things (IoT)

Beyond consumer applications, IoT is playing an ever-growing role in business. It’s helping companies work smarter.  With IoT, businesses can:

  • Collect data
  • Gain insights
  • Optimize processes
  • Lower costs
  • Increase productivity
  • Become more energy efficient
  • Improve the quality of life for customers and communities 

According to i-SCOOP’s The Internet of Things (IoT) – essential IoT business guide, some industry experts estimate that, by 2020, the IoT will comprise as many as 20-30 billion connected devices, and others predict this number could reach 50 billion.

What is the Internet of Things?

The IoT links the physical world with the world of data. Through intelligent sensors and other data-gathering tools, hardware and software platforms that facilitate processes and analyze information, and sophisticated communications equipment and networks, the IoT connects people and things to turn data into actions, insights and outcomes. The result is a transformation in the way we live, work and do business. 

The IoT is Helping to Create Smart Cities, Towns and Campuses

The IoT is enabling local governments, utilities, organizations and businesses to implement smart technology solutions that further their business objectives and benefit the people they serve. Solutions that improve utilities, public safety, transportation and parking, sustainability, and more.

Smart City and utility IoT applications are near the front of the IoT pack.

According to Internet of Things spending data published in 2017 by the International Data Corporation (IDC), the utility industry spent $69 billion on IoT in 2016. It is among the top three industries driving the Industrial Internet of Things, behind only manufacturing and transportation. And, a November 2016 prediction by the IDC states that, “By 2019, 40% of local and regional governments will use IoT to turn infrastructure like roads, streetlights, and traffic signals into assets instead of liabilities.”

In fact, this is happening today. Sensus, our partner for smart grid solutions, is helping cities, municipalities, colleges and universities and other entities implement smart lighting solutions that turn legacy or LED streetlights into a sophisticated network of intelligent lighting and sensors that improve public safety and can monitor everything from the weather and air quality to traffic and gunshots.

What Can the IoT Do for You?

Consider the possibilities. 

The IDC projects that, by 2021, global IoT spending will reach nearly $1.4 trillion, as companies, jurisdictions, and organizations continue to invest in the systems, devices, services and connectivity that compose the IoT.

Let 540 Technologies and our industry-leading technology partners help you put the power of IoT to work for you.

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