The business case for smart cities

In Newport, KY, smartLINK "MyLo" Kiosks were deployed, offering wayfinding and public information to visitors, collecting environmental and active traffic/pedestrian data, and delivering ads which generate revenue to the city. (1) Cutting the cost of citizen engagement (2) creative value with free wifi, wayfinding, and other tools (3) and generating revenue with advertising and data collection. A smart city trifecta! 

In Newport, KY, smartLINK "MyLo" Kiosks were deployed, offering wayfinding and public information to visitors, collecting environmental and active traffic/pedestrian data, and delivering ads which generate revenue to the city. (1) Cutting the cost of citizen engagement (2) creative value with free wifi, wayfinding, and other tools (3) and generating revenue with advertising and data collection. A smart city trifecta! 

Smart City solutions should always do at least one of these three things: cut costs, create value, and/or generate revenue. In doing so, Smart City solutions will help alleviate strained municipal budgets while integrating advanced technology and the Internet of Things into our systems and infrastructure. These solutions will create open and transparent government, informed and engaged citizens, optimized public transit and public works solutions, healthier living environments, and equitable opportunities for residents regardless of socioeconomic or geographical barriers.

Cutting out the buzzwords and focusing on the bottom line. Here are five bullet points making the business case for smart cities.  

1. Cut costs

 

2. Create value

 

3. Generate revenue

 

4. Increase social mobility

 

5. Drive economic development

 

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