A large percentage of the global population lives in an urban environment, a rapidly accelerating trend that is taxing the resources and management capabilities of city governments. In addition, the enhanced mobility of modern society has created extreme competition between cities to attract skilled residents, corporations, and related jobs.
Accordingly, many countries have initiated efforts to create "Smart Cities". These efforts include global ICT infrastructure suppliers and communication service providers deploying a combination of technologies including Artificial Intelligence, Broadband Wireless, Cloud Computing, and IoT Technology to improve the efficiency and operational effectiveness of urban centers and surrounding suburban environments.
The Government sector is a very important part of Smart Cities, but there are also many other industry verticals involved including Commercial Real Estate (CRE) and Transportation.
As a subset of Smart Cities, Smart Buildings utilize IoT and other technologies to provide enhanced facility management as well as improved safety, comfort, security, and productivity for workers. Another important part of Smart Cities is Smart Homes, which represents Internet connected residences that provide an enhanced lifestyle for its occupants by way of home automation as well as enhanced information, entertainment, and safety services.