Smart Cities and the Internet of Things, a breakfast briefing on 16th July 2014, will address how recent advances in data gathering, management and analysis are opening new markets and business opportunities in the urban regeneration and development space.
It is forecast that up to 70% of the world's population will live in cities by 2050, consuming the vast bulk of the world's resources. New insights and solutions are urgently required to manage these scarce resources efficiently and to operate new and regenerated urban spaces for the benefit of all.
Cisco estimates that US$10-13 trillion will be spent over the next decade on the construction of new cities and retrofitting existing urban spaces, creating an addressable technology market of $400 billion. The smart grid, and the sensor network that will support the management of big data flows, is already in development, with new generations of sensor networks in public and private managed physical spaces under deployment. The real questions are: Which technology areas provide the greatest growth opportunities? and: How is the market likely to develop?