monetising

The modern trend towards urbanisation is steadfast, writes Haider Iqbal, the director for IoT in Public Services and Transport at Gemalto. Today, 54% of people worldwide live in cities, a proportion that is expected to reach 66% by 2050, according to United Nations projections.

Global players in many industries such as telecommunications, medical, industrial and manufacturing, and transportation are changing their business models to create new offerings and to capture their share of the trillion dollar Internet of Things (IoT) market.