Phoenix from the flames - rebuilding smarter

If there’s one trend that has been evident across time, it's that after a global disaster, be it an Earthquake, a global financial crisis, a war, or even a pandemic, governments often look towards reigniting the economy through infrastructure. 

Although it may feel as though this pandemic is never going to end, and our economy is currently fragile, there will need to be an incentive for our community to come back together to grow our cities. We’ve been talking about the future of smart cities for some time now, but with a global pandemic, there is no better time than now to put this talk and development into hypergear. 

IoT Analytics have seen the IoT enterprise market grow 22.4% in 2021 to $158 billion. They state that this is due to the maturation of technology such as AI, 5G, and cloud computing and see how these technologies, when integrated with IoT, can reach our global sustainability goals. However, if you're in the industry you know that there have been a lot of  challenges holding back innovation - be it resourcing of talent with the skills and labour shortage, rising input prices,  or the procurement issues with the chip shortage. Even with these barriers to innovation, seeing the market grow by 22.4% in 2021 shows that the future is bright. For more insights into the predicted influences in the IoT market, take a look at the IoT Analytics article here.