Smart cities offer opportunities for new technologies and economic development by addressing challenges of urbanization, sustainability, and intelligent infrastructure. Key aspects of smart cities include intelligent devices, broadband networks, analytics, energy systems, transportation, health, retail, and financial services. Successful smart city projects in Austin and Amsterdam demonstrate benefits across sectors through public-private partnerships and pilots. Vendors can capture the large worldwide market by establishing partnerships, selling to city consortia, and leveraging initial projects into broader deals across sectors.
Building the Future with Technology: The Next Five Years
Smart Cities: Proving Ground for the Intelligent Economy
1. Smart Cities: Proving Ground for the
Intelligent Economy
Rick Nicholson
Vice President,
IDC Energy Insights
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