The Socio-Economic Impact of Internet of Things towards Smart Cities

The dynamic, rapidly changing and technology rich digital environment enables the provision of added value applications that exploited a multitude of devices contributing service and information. With the dawn of the Internet of Things (IoT) from the internet as a web service, large numbers of devices (objects) and environment are also becoming smarter and are in the position to interact with one another than ever before. IoT has gained substantial attention over the preceding decades, with the intentions of connecting Billions of sensors to the internet, in order to effectively and efficiently utilise them resourceful for smart cities[1].