By making use of excess of data available and information and communication technologies (ICT), smart cities can now address the various economic, spatial, social and ecological problems. Although data analytics forms the core of business strategies, yet very little is known about new business models within smart cities and urban living. Recent advances in Data Analytics have shown promise than city data analysis and its use can generate value for municipalities, companies and individuals. From relatively simpler analytics techniques to more sophisticated one, the available tools can adopted to obtain the desired results. For example, when the enormous volume of the data poses serious challenge, clustering technique can make the dataset manageable. Read more:- https://icrunchdatanews.com/smart-data-analytics-smart-cities/

More than $380 billion will be invested in IoT between now and 2025 is predicted. Ben Gardner, President, Northeast Group says, "Smart meters with two-way communications and other sensors across the power grid are already providing tangible benefits for utility customers. The next decade will see billions invested in the global smart grid market, creating a huge opportunity for vendors." Partnership, mergers and acquisition activity is also accelerating. Infrastructure investment is moving out of developed markets to take advantage of opportunities in emerging global markets. Vendors are branching out from traditional investment and exploring the potential of new smart city and smart infrastructure market segments. They are rethinking of their business models; moving away from hardware development into analytics software and services. To know more about this interesting article by author Ken Briodagh (writer and editor) at:  http://www.iotconnectivitysolutions.com/topics/iotconnectivitysolutions/articles/404036-iot-developers-start-looking-economies-service.htm