Deployments of smart cities need to become smarter if they are to deliver on the promise of a connected society and provide true value to authorities, businesses and citizens.
This is the finding of a new white paper – Smart Cities Done Smarter – which was published by oneM2M, the global Internet of Things (IoT) standards initiative.
With Persistence Market Research predicting the worldwide smart cities market will grow from its current $622 billion value to be worth $3.48 trillion by 2026. This will lead to an increasing number of different vendors and stakeholders, each with their own systems and ways of communicating, that will inevitably need to interact in the future, with interoperability being key to enabling this.
To achieve this, oneM2M has set out a global blueprint for smart cities which includes key deployment requirements such as a horizontal platform for new deployments, open standards to avoid vendor lock-in, adaptors for vertical deployments, and open and semantically-enriched data.
Read the white paper here.