Smart object four basic elements to constructing such a smart virtual object framework. Some versions of smart objects also include animation information in the object information, but this is not considered to be an efficient approach, since this can make objects inappropriately oversized. Smart, connected products have three primary components: Each component expands the capabilities of one another resulting in "a virtuous cycle of value improvement". First, the smart components of a product amplify the value and capabilities of the physical components. Then, connectivity amplifies the value and capabilities of the smart components. These improvements include: The Internet of things is the
Smart city EU has developed a range of programmes under 'Europe's Digital Agenda". In 2010, it highlighted its focus on strengthening innovation and investment in ICT services for the purpose of improving public services and quality of life. Arup estimates that the global market for smart urban services will be $400 billion per annum by 2020. Examples of Smart City technologies and programs have been implemented in Singapore, Dubai, Milton Keynes, Southampton, Amsterdam, Barcelona, Madrid, Stockholm, China and New York. Due to the breadth of technologies that have been implemented under the smart city label, it is difficult to distill a precise