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 trade magazine Security Today, 35 billion IoT devices will be installed worldwide, and by 2025 more than 75 billion IoT devices will be connected to the web.

 

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, 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 a report published by MarketsandMarkets, the global IoT in utilities market size is expected to grow from $28.6 billion in 2019 to $53.8 billion by 2024. North America accounts for the highest market share in the IoT in the utilities market. Large investor-owned utilities will be expanding smart meters for their customers. Plus, small cooperative and municipal utilities are expected to roll out new IoT devices in their systems.

Sensus, our partner for smart grid solutions, is helping cities, municipalities, colleges and universities 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 reports that, by 2022, global IoT spending will surpass the $1 trillion mark 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 put the power of IoT to work for you.

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