Singapore -- (SBWIRE) -- 06/15/2016 -- The pending impact of technology is something that a lot of the world has yet to see as cities are still beginning to transition into the age of "smart" cities. With more home owners looking into smart technologies for their houses, it has brought governments to think about how these technologies can benefit their cities as well. Over the next 4 years there are a variety of cities that are going to transition into smart cities, according to a study conducted by IHS Technology. Just by becoming "smart" cities can get up to $25 billion in opportunities for operators.
With the idea of a smart city, cities are given the opportunity to streamline all of their processes through technological means. This could turn into managed law enforcement, schools, transportation systems, hospitals, water supply networks, power plants, and more. The main objective of any city that is interested in smart technology is to make things easier for citizens and governing organizations. The idea is to provide a better quality of life in order to make services more readily available to residents and to meet their demands.
One great example of how a smart city can improve quality of life is by thinking about monitoring systems. As a smart city, all of the monitoring systems will be in real-time, giving law enforcement agencies the ability to get updated information about any issues in the area. The information will be gathered from various devices and citizens themselves so it can quickly be received, processed, and analyzed. The main purpose is to help get rid of any inefficiencies. A smart city is also a great opportunity for an area to cut back on costs and the amount of resources that they consume on a regular basis.
The most likely cities that will transition to smart cities by 2020 include: Tokyo, London, New York, Chicago, Seoul, Amsterdam, San Francisco, Los Angeles, and Singapore. At this moment in time there are over 423 independent projects in motion pertaining to mobility, transport, the efficiency of resources and energy, healthcare, governance, and infrastructure around the world. Most cities are putting the majority of their efforts into mobility and transportation, with over 110 projects. 107 projects are dedicated to infrastructure, 104 towards the efficiency of energy and resources, and 13 for the healthcare industry.
If you're a company that is looking for ways to implement smart technology, IHS suggests that you visit either the Asia Pacific or the United States. As the country with the most amount of smart projects at this time, the United States has over 91 different programs currently being developed. Though it is important to note that the Asia-Pacific area is also starting to make their mark on smart city developments. This is mostly as a result of growing populations and the increased desire for urbanism in their cities. Economic growth is another factor that significantly influences the funds that are available to turn into a smart city, and many places in the Asia-Pacific region are experiencing such growth.
About Morris Edwards
Morris Edwards is a content writer at companyregistrationinsingapore.com.sg, he writes different topics like "Types of Companies in Singapore", Doing Business in Singapore and all topics related to Company Registration.
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