The smart city isn't exactly a business application, but it can make doing business a lot easier.
Take Singapore. Since 1998, the city-state has used data analytics to reduce traffic congestion using variable road tolls that discourage drivers from taking overburdened routes. Now, it's working on an Intelligent Transport System (ITS) that will use sensor data about traffic patterns, road conditions, and weather to dynamically change speed limits, alter lane patterns, and help travelers reroute. That will make doing business in Singapore that much easier. At the most basic level, employees will find it that much easier to get to work.
It's not only Singapore, either. Analysis by Juniper Research finds that smart cities running on IoT platforms are in general already well on their way to saving citizens 125 hours per year by optimizing mobility, public safety, healthcare, and productivity.
Each of these examples demonstrates how the IoT is more than a series of technological innovations. The IoT is really a collaborative tool that helps innovators in every industry create better ways of living and working.
A next step, of course, will be to give everyone access to that tool — to integrate IoT solutions seamlessly into our lives. And one effective platform that can do just that is connected lighting. Data-enabling our lighting systems — which are already installed everywhere, and which, in a LED age, are already digital — is an easy way to make the IoT ubiquitous. From the smart office to the data-driven new hospital and clinic to the smart city, lighting infrastructure can be the factor that brings the IoT age into its maturity.