The rapid advances in the development of Internet of Things (IoT) and artificial intelligence during recent months has boosted the capability of the Smart Cities Market to a great extent. Cities are now armed with the technology necessary to greatly increase the efficiency of various services like transportation, healthcare, infrastructure maintenance, and even the management of basic facilities like drinking water.
According to IndustryARC estimates, more than 2 Billion connected devices will be utilized in smart cities across the world in 2017. This equates to a rise of more than 40% connected devices when compared to 2016. While various vital services are gradually becoming more efficient through this integration, the growing dependence on digital connectivity has put the Smart Cities Market on notice as cybercriminals are itching to exploit any vulnerabilities in the firewalls.
For example, Dallas (Texas) bore the brunt of a recent cyber-attack on April 8th, 2017 as hackers set-off dozens of emergency sirens across the city. It resulted in major disruption for the residents. The general trend related to cyber-attacks on vital smart city infrastructure has also risen during the last few years. The gradual realization of dreams has forced the Smart Cities Market to ensure that the digital foundations are strong and secure.
The entire concept being propagated by the Smart Cities Market relies on devices which are connected to each and have the ability to significantly improve the workflow of city services by making the most of meaningful and actionable real-time information. Various technological advancements like computing hardware, constantly evolving algorithms and geospatial analytics will combine to raise the standards of a community’s living experience.
Affordable sensors can control the energy consumed by street lights or regulate water flow to preserve resources more efficiently. Such maximization of resources is only possible through the analysis of actionable and real-time data. When cyber-attacks bog down operations or tamper them, the lives of community members can be negatively affected for a significant period of time.
The technology provided by the Smart Cities Market has already been embraced by various cities across the world. The integration is being boosted by the utilization of artificial intelligent to ease the transition. The Spanish city of Barcelona is saving nearly $60 Million in water bills every year by successfully implementing smart water meter technology. One South Korean city even managed to reduce building operation costs by around 30% after installing sensors to regulate power and water consumption.
If society is to enjoy the benefits provided by Smart Cities Market to the fullest extent, then urban societies will have to beef up their digital security and emergency recovery protocols on a regular basis so as to thwart the attempts of hackers. As smart city infrastructure grows in popularity, the necessity for safeguarding its digital foundations will only rise further.