Karen Tay, Singapore's Smart Nation director, was recently in Washington D.C. to run a workshop for the World Bank on how to develop “smart cities." She says: “'Smart cities' is honestly a buzzword... when I get invited to speak, most people expect me to start with cool tech like AR, VR, AI, modeling and simulation, blockchain and the like. The fact is that cities are complex ecosystems with very established ways of operating. If we want to disrupt them with technology in a way that benefits the masses (i.e. not just the upper middle class), we need dedicated work from the ground-up, coupled with political commitment." Karen Tay's five tips for smart city efforts come from conversations and projects with smart city leaders around the world.
This week, Tom Siebel’s latest company, C3 Energy, changed its name to C3 IoT and branched out from its focus on energy utilities to commercial enterprises such as manufacturing, mining, transportation and health care.
His firm is not the only one betting the farm on the IoT, or Industrial IoT (IIot).Research firm IDC predicts that Internet of Things-related spending will reach $1.7 trillion by 2020, much of it coming from the commercial sector. There are already dozens of companies hoping to soak up some of that money by offering cloud platforms for the Internet of Things, including IBM, Microsoft, Amazon and even General Electric.
Siebel hopes that C3 will have an edge over its competition because it’s already proven itself as ready for large-scale industrial use through its work in the energy sector.