A recent Wall Street Journal insert entitled, “The Rise of the Smart City”, started with this thought, “Cities have a way to go before they can be called geniuses. But they’re getting smart pretty fast.”
According to the United Nations, more than half of the world’s population now lives in towns and cities, and by 2030 this number will swell to about 5 billion. Such urbanization will require cities to transform themselves at an unprecedented pace. To make matters more complicated, it is estimated that the total number of IoT devices worldwide – including those connected to short range technologies – will increase from 6 billion in 2015 to 27 billion in 2025.
Without globally recognized standardized IoT technologies and platforms to provide interworking, economy of scale, standardized APIs, vertical interoperability and certifications, the highly-anticipated digital transformation could end in chaos. Industry alliances and standards organizations are working together to produce solutions to overcome the challenges of smart cities, smart transportation and industrial IoT. This presentation is a brief report on some of the challenges and the efforts made by some of these industry organizations including oneM2M.