The increasing use of big and open data in the push to create smart cities is evident in a July 29 report from market research firm IHS. It predicts that the total number of smart cities will quadruple over the next 12 years. This means there will be 88 smart cities -- as defined by IHS by 2025 -- as opposed to just 21 in 2013.
This smart-city boom also represents a lot of money, specifically more than $12 billion in investments by 2025, compared with just over a $1 billion last year, according to the report, entitled "Smart Cities: Business Models, Technologies and Existing Projects."
Read the full article on UBM's Future Cities.