28 Feb '12, 7pm

Cisco's Booming Business in Smart Cities

Cisco's Booming Business in Smart Cities

Our world is increasingly an urban one--the United Nations projects that nearly 5 billion people will live in cities by the year 2030, due to both the expansion of mega-cities and the creation of new urban centers. Cisco wants to be the company that makes all those metropolises not just function, but flourish. The company is peddling its knowledge and its services to city planners around the world, and last week it announced that it had picked up three important new customers. Developers in India, Ecuador, and Canada have asked Cisco to come up with master plans for fully wired communities. Presumably if the customers like the results they'll ask Cisco to put its plans into action. It's important progress in a growing business sector: Cisco has estimated that smart cities offer a $13 billion market opportunity just in the next five years. "Last year we were explaining to c...

Full article: http://spectrum.ieee.org/tech-talk/computing/networks/cis...

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