A report published Tuesday found that the smart city market reached $342.4 billion in 2016 and is projected to more than double by 2021, to an estimated $774.8 billion. The increase equates to an overall 17.7 percent growth rate. But despite this rapid growth, researchers estimate it will be years before the smart city sensor systems, predictive analytics tools and energy efficient buildings now being purchased become ubiquitous technologies.
When you hear the term 'city government' you may think of a bureaucratic monolith instead of hotbed of innovation. But many cities--like Tampa, Denver, Phoenix and San Diego--are transforming themselves and developing new approaches to age-old urban issues while also creating opportunities for entrepreneurs.
America is full of companies who leverage their underdog status to sneak up on bigger competitors. Avis (CAR) even made a tagline out of it, "When you're only No. 2, you try harder." In an era where cities are steadily embracing private sector principles, this same adage applies. And thanks to the leveling effect of technology, the gap between historical winners and smaller, more nimble players is quickly narrowing.
Cities large and small hold a wealth of problems for entrepreneurs to solve. With the enormous amount of services that cities are responsible for providing--public transportation, utilities, emergency services--observant founders can build businesses that will garner plenty of interest by finding ways to optimize these operations.
It’s perhaps fitting that the Smart Cities Connect Conference and Expo– held in Austin last week, and collocated with the US Ignite Application Summit – wrapped on the eve of a (very) long 4th of July weekend. Because rethinking the running and management of our cities–with the help of new technology and data tools– is a good way to honor this country’s birthday. If sorting out the key smart cities issues means looking beyond past accomplishments and entering some uncharted waters at the confluence of deep technical, political, and demographic tides, all the more reason to jump in feet first. And jump in we did last week in Austin, with a major conference exploring the use of technology, policy, data, and more to help cities become more efficient, secure, and sustainable–while improving the quality of life of its citizens and visitors.
For decades, the evolution of communications technology has laid the foundation for broad economic growth across the United States benefitting towns and cities large and small. The next generation of wireless network infrastructure will be built using small-cell networks employing 5G wireless technology. The connectivity and computing capacity unleashed by these high-speed wireless networks will bring the power of Smart City solutions to municipalities across the country.
You can’t really talk about what’s happening in Denver without mentioning what’s happening 5,800 miles away in Fujisawa, the Japanese town Panasonic built on top of its old factory outside Tokyo. Its 600 homes and 400 apartments — all sold out but still filling up — were designed to withstand earthquakes, are all outfitted with solar panels, and are all hooked up to the smart grid. It took over a decade to get Fujisawa up and running, but Panasonic wanted to reproduce it in the U.S. using an already established city.
hen China’s biggest public bike-hire operator chose Manchester as the location for their first smart scheme outside Asia, they were cautioned that the weather on the banks of the Irwell differed a little from the Yangtze.
As the Internet of Things (IoT) gains traction and continues to expand, it is impacting every area of our lives and quickly turning “smart cities” from a futuristic idea into a reality. Across the globe, cities are becoming more connected, collecting data everywhere to help planners make smarter decisions and deliver new services.
MIAMI, June 26, 2017 /PRNewswire/ -- In an address at the U.S. Conference of Mayors' Annual Meeting in Miami, Michael R. Bloomberg today announced the American Cities Initiative, a suite of new and expanded investments that will empower cities to generate innovation and advance policy that moves the nation forward. In an era of unprecedented challenges – from rapid technological change to Washington D.C.'s deepening disengagement on urban issues to the climate crisis – cities need new tools that will allow mayors to do what they do best: innovate, solve problems, and work together to move the needle on the issues that matter to citizens and America's future.
Perhaps because they played SimCity-style games in their younger years, many technologists working in government today are excited with the prospect of using "smart city" technology to transform the administrative process from one that is unpredictable, bureaucratic, opaque, slow and clunky into one that responds to the push of a button or the twist of a knob. The purpose of the smart city concept is to transform a busy, complex and unreliable metropolis into something that works precisely the way the people in charge want it to work.