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.
Smart Cities are much more than just an effort by sovereign nations to modernize their infrastructure – they are a focal point for growth drivers in several key ICT areas including: M2M/IoT, Connected Devices, Broadband Wireless, Cloud Computing, Big Data and Analytics. Smart City developments are causing many technologies and solutions to integrate with convergence seen across with many resource areas including energy, water, sanitation, and other essential services.
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.