The highly increasing demand and concern for public safety, economic growth, government urbanization initiatives and efficient communication have emphasized the need for smart cities. The global smart city market is expected to grow to $410 billion by the year 2025, with an average compound annual growth rate (C.A.G.R.) of 14.8%.
Technological and digitalisation advancements have made the functioning and establishment of hundreds of smart cities much more realistic and attainable. However, there are still many cities around the world that have not been able to attain that status yet. In fact, with approximately 10,000 cities worldwide, the vast majority are still not considered as smart cities.
What is a smart city?
A smart city is defined as a specified geographical area that uses technology-based infrastructure. Electronic sensors collect real-time data and enable cities to draw valuable insights and solve problems. Digital solutions like Corteza enable smart-city managers to collect, share and analyze this data. So, Corteza makes the development of smart cities easier and more feasible.
Why do we need smart cities today?
There is a multitude of reasons as to why cities should consider incorporating technological advancements functioning. Smart cities can help improve the quality of life, ensure economic stability, and implement sustainability measures. Smart Cities can also ensure optimum utilization and allocation of resources, which can help improve a geographical area’s economy in the long run.
How do technological solutions factor into the creation of smart cities?
A 2017 NCL (Nation League of Cities) report showed that 66% of U.S. cities had invested in smart city software system. A further study discovered that out of the remaining cities that hadn’t employed smart city software, 25% were considering implementing some sort of smart city software solution in the future.
Multi-Platform Access software solutions can provide detailed analytics and visualization tools to manage a smart city efficiently and effectively. Software with API-enabled features can take real-time data collected by electronic sensors and allow it to be immediately shared amongst a wide variety of different devices, which leads to more effective record keeping.
This will help a city make more favourable, well-informed decisions. And this will aid towards the overall greater good of the geographical area in the long run. Software solutions can also ensure a high level of data security and authorization.
Corteza for smart cities
Corteza is the perfect flexible, open-source, automation-enabled digital solution to transition into becoming a smart city seamless. Corteza’s API-driven platform has a variety of different dashboards and visualization tools. Try a demo so that you can take your smart city management to the next level.