Smart City Implementation Models Based on IoT Technology

Suneetha Taduri

Abstract: IoT (Internet of Things) is the network of physical objects-devices, vehicles, buildings and other items embedded with electronics, software, sensors, and network connectivity-that enables these objects to collect and exchange data. The internet of things allows objects to be sensed and controlled remotely across existing network infrastructure [1]. According to the Gartner, 260 million objects will be connected by year 2020. Several companies and governments have tried to make references with IoT in initial times, but nowadays in manufacturing, retail and SOC (Social Overhead Capital) industries, successful best practices are built recently. In this paper I summarized tangible IoT based service models which are helpful to academic and industrial world to understand IoT business.

Keywords: IoT, Internet of Things, Smart city, Creative economy, Sensor, Business model