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To make the cities greener, safer, and more efficient, Internet of Things (IoT) can play an important role. Improvement in safety and quality of life can be achieved by connecting devices, vehicles and infrastructure all around in a city. Best technological solutions can be achieved in smart cities by making different stakeholders to work together [5][6][7]. System integrators, network operators and technology providers have a role to play in working with governments to enable smart solutions. But, building such solutions on an open, standards-based communications platform that can be continuously used is a challenge. We present a waste collection management solution based on providing intelligence to wastebins, using an IoT prototype with sensors. It can read, collect, and transmit huge volume of data over the Internet. Such data, when put into a spatio-temporal context and processed by intelligent and optimized algorithms, can be used to dynamically manage waste collection mechanism. Simulations for several cases are carried out to investigate the benefits of such system over a traditional system. We try to replicate the scenario using Open Data from the city of Pune, India stressing on the opportunities created by this type of initiatives for several parties to innovate and contribute to the development of Smart waste management solutions.