Latest industry Trends & Future of Technology in India in 2020-2021 (Smart cities)
Technology enabled Smart Cities is a reality now across the globe. Upcoming Deployments of IoT enabled smart sensor wireless networks for various city specific applications is further going to add to growth of smart cities. One of the main reason why the concept of Smart Cities is set to be successful now is because that there will be real-time field data being processed at cities command centres and getting converted & published into actionable intelligence for local administration/departments.
Further to this the advent of technophile consumers will push for more adoption of technology in smart cities. With the advancement in Smart city initiatives and more focus on building sustainable measures to combat ecological problems one of technologies which is set to gain momentum is IoT. Its usage is set to increase. In India specifically and in various other non-wired countries, the future of IoT is set to grow at an even accelerated rate than that of other technologies.
According to a research done by Mckinsey, IoT has favoured growth in various market segments with wide applications in fields of Infrastructure, Real estate, and healthcare. However, the most significant opportunity that the future of IoT holds would be Enablement platforms and Cloud Computing, that in turn will set the foundation blocks for building Smart Cities.
A few Smart City industry trends to watch out for in 2020 are:
Increased focus on Smart Solutions in 2020
Disposition of various Smart solutions such as Traffic management, Transport Management, Waste Waste management, Smart parking, Smart Lighting solutions, environment monitoring & reporting solutions, Video analytics and many others are to accelerate the further adoption and utilization of IoT and form an environment where all these activities are connected with City command centers will enhance real-time measurement and aids in better deployment of resources to tackle problems. With these integrated smart solutions "The Process is going to replace otherwise systems dependent on human personality till date".
The era of Smart Cities
With the emergence of technology and the focus on IoT enabled structures that help facilitate real-time data communication. From smart lights to smart parking, lighting, elevators, infrastructure, everything is steadily being absorbed into the smart city initiative. It helps in timely deliverables of data to streamline efficiency for countries that are experiencing a surge in population. Soon, we will be seeing IoT enabled cities since states are rolling out sensors and technologies to create an era of interconnected system city.
Metadata is helping shape the future of IoT and Smart Cities. It helps in the storage and retention of data to drive systems and create more personalization. In a changing world, metadata simply means data for data. It helps us decode the various systems we work with. It is responsible for logically organizing and cataloging data, forming the backbone of an IoT enabled system. This will form the basis of actionable intelligence over long term for city administration.
Industrial Internet of Things (IIoT)
IoT has previously been involved in various sectors such as healthcare, public sector and utilities, and smart energy management, but the industrial adoption has been slower than expected. But this notion has been changing since the past 2 years and is set to revolutionize IIOT in the future., in turn giving a new dimension to Smart City industrial measures.
A Human-Centric approach
As much as Smart Cities focus on the technical and technological aspect of its resources, the main aim of these solutions is to build a world where the result aids in human assistance. The goal is to build a life for people where they are constantly secure, safe and healthy, and grow communities to empower residents physically, socially and economically.
Smart Cities are the new Future
With the advent of the 4th Industrial revolution, we see an emphasis on the use of technology to harness its potential and create better societies for the common man. According to a report by Cisco, Digital Cities can generate $2.3 Trillion globally through 2024. Since there has been a significant change in Urban Living, and people are being driven to adopt Smart Technologies, the factors that shape the future of Smart Cities such as technical implementation and resistance towards technology adoption, are being addressed more progressively and we hope to see a rise in the number of Digital Cities in the world as time advances.