How to Create a Smart City: Future-Proofed Cities That Foster Growth and Innovation

As SMART CITY technology advances, smart cities around the world are maturing, and, with all of the critical components in place, even more cities are vying to become smart. The Internet of Things (IoT) is the driver of growth in this market, and a prediction by Cisco says that it will be a US$14.4 trillion industry by 2020 (Berthon 2015). The technologies for building a smart city are maturing, and the standards on which to build one have been proven in practice. Ultimately, for any city, the goal is to achieve substantial benefits for its citizens and to build a future-proofed platform that can scale with the projected growth of network end points and applications. That was once a formidable challenge, but, today, it's a realistic and realizable goal.