Smart City Data and Analysis

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Smart City Data and Analysis

With technology infused into the lives of residents using smart devices; government agencies, officials, investors and technology vendors realize the potential of using data purposefully to offer better qualities of life. Using technology to optimize the infrastructure and resources, smart cities connects applications and disrupts industries to effectively satisfy the needs of its residents.

CONSTITUENT-LED SMART CITY:

REAL ESTATE INVESTMENT SMART CITY:

  • Example: Toronto. A former industrial area in Toronto is rebuilt by Google using data and by incorporating Internet of Things(IOT) into its infrastructure.
  • Insight 1: Majority of private investment in smart cities has been in the transport and mobility sectors. This can be attributed to the absence of the innovations earlier and the recent growth in innovations such as driver-less cars, Ubers, and electric vehicles.
  • Insight 2: The focus areas for smart cities to gain traction are public safety and sustainability. The owner-operators can gain better value in their assets by using technology and information to mitigate risk and improving the well-being of the residents.

PRIVATE SMART CITY:

  • Example: New York. New York City replaced its obsolete payphones with smart kiosks that provide free WiFi, device charging options, video calls, etc. The contract was awarded by the New York City Department of Information Technology and Telecommunications (DOTT) to the City Bridge Consortium, a partnership that includes Titan, Control Group and Qualcomm with the city receiving 50 per cent of the gross advertising revenue from the City Bridge Consortium every year.
  • Insight 1: 55% of the world's population are based in cities and up to 70% of the world's population could be city-based by 2050. With growing urbanization and population around the world, private and institutional investors will face significant political, macroeconomic, regulatory, and business challenges and technical risks in developing economies.
  • Insight 2: As cities spend more on their smart city projects, for areas such as mobility, environment, economy, and governance, the investment level will increase and for areas such as public safety and talent, the investment level will decrease.

DO NOTHING SMART CITY:



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