Adoption of smart solutions has gained large traction
in the smart city initiative across India. With a large volume of
sensor-based infrastructure, citizen-centric solutions and big data
analytics solutions being taken up in most smart cities, the Internet of
Things (IoT) ecosystem provides the right platform to manage and monitor
modern urban landscape, said a KPMG study released here.
Elias George, chairman — infrastructure, government
and healthcare, KPMG in India said, the induction of IoTinto the urban
setting would ensure optimal management and utilisation of public resources,
in addition to making city services like urban transit more
- “The expected widespread adoption of IoT will prove to be a
seminal factor in improving the efficacy of urban infrastructure, as well as
in improving the quality of services to the citizen, thereby making a city
truly smart and liveable,’’ said George.
The study stated that, as governments world over focus
on economic development, a key component to their strategy entails inclusion
of smart technologies into urban planning. No doubt, technology will drive
creation of smart cities.
IoT that has a potential economic value of $4 to $11
trillion annually by 2025 will be fundamental to most smart city projects.
India alone has a mandate to create IoT industry worth $15 billion by 2020.
As per KPMG study, world over there will be over 75
billion connected devices by 2025. That means,IoT will create a huge
ecosystem comprising faster computing, advanced analytics and improved
connectivity, all basic prerequisites to build smart cities.