The stresses on infrastructure are expected to grow as well. Innovation is an important tool to proactively address the challenges facing cities and identify opportunities for new business models.
The Climate change and other environmental issues are pressuring smart cities to be safer and more efficient for people to live and work and new infrastructure innovations have to make a lower impact on the environment. Making cities smart is not just a process whereby technology providers offer technical solutions and city authorities procure them. Building a real smart city requires the development of the right environment for smart solutions to be effectively adopted and used.
This smart technology is great, but how does it improve the life of people like you and me? Many investors might think that smart technology is an unnecessary expense, but in fact it creates considerable opportunities for added value in any city. Smart technology helps and will always help to improve the living conditions for citizens. A truly “smart” city increases in efficiency and generates new opportunities for the city and its people. To get a lot of connected devices to work together is not easy. Interoperability is essential.
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