Cities need cloud to be ‘truly smart’

Data is at the core of successful smart city innovation, according to new research from Oracle and economic and urban research consultancy ESI ThoughtLab.

The companies have announced the findings of The Building a Hyperconnected City study, which surveyed 100 cities across the US, APAC, EMEA and LATAM, and found that cities are drowning in data from advancements such as Internet of Things (IOT).

The survey projected that there will be more than 30 billion connected devices generating data by 2020.

It added that for cities to become truly ‘smart’, they must have a cloud infrastructure in place to extract, integrate, and analyse this data to glean the insights needed to enhance everything from citizen services to building projects.

According to the study, the average return on investments in hyper-connected initiatives ranges from 3% – 4%.

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