The Internet of Things is helping cities improve everything from traffic data, weather, and parking to water usage and waste management.

The cost of sensors has more than halved in the 10 years to 2014, falling to an average of 60 cents per unit. Declining sensor cost is one of the main drivers of the Internet of Things technology, and the proliferation of internet-connected devices in the built environment. Those sensors are allowing us to gather new data that was previously inaccessible, and one impact is the growth of companies with the potential to make our cities smarter and more efficient as a whole.

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