Internet of Things, Crowdsourcing and Systemic Risk Management for Smart Cities and Nations: Initial insight from IoT Lab European Research project

This article presents some views on IoT, crowdsourcing and systemic risk management with a focus on smart cities. It starts by clarifying the notion of risk and risk management from ISO 31000 perspective It continues by presenting the IoT Lab European research project on crowdsourcing and Internet of Things (IoT), with an overview of its architecture and approach. It then explores more specifically the potential use of IoT and crowdsourcing to systematically reduce risks for smart cities by reducing the level of uncertainty and potential deviation, and its inclusion as a principle in the ITU Bahamas Declaration.