Triple Pundit: Smart Cities Are The New Investment Strategy
New study shows that the future of the metropolis holds promise for bureaucrats and investors.
The concept of the smart city is one that holds a lot of promise and potential in terms of how computerized, networked public infrastructure might improve energy efficiency, resource management, and the overall quality of life in cities. Given the impact that computers and smart phones have had on our personal and professional lives, it seems that the application of computer technology to the infrastructure of cities has even greater potential to change the way we live. Despite this potential, and with only a few exceptions, smart city technologies have yet to be adopted in most places.
But, according to Cisco, this all may be about to change.
A study by ABI Research estimates that $39.5 billion will be spent globally on smart city technologies in 2016, up from only $8 billion in 2010. That’s $116 billion over six years. In order to demonstrate some of the ways in which this money is likely to be invested, Cisco created an interactive infographic showcasing its smart, connected City of the Future. A few highlights include:
Continue reading here.
Originally published on Triple Pundit, republished with kind permission.