Their economists estimate that, worldwide, cities could collectively enjoy a return on investment of $60 billion if they were to become fully hyperconnected. In this report find out:
How cities are measuring the RoI of their smart city projects
Best practices of cities with regard to technology adoption or endorsement of their strategies by their citizens
Concrete example of leading cities across the world
ESI ThoughtLab conducted a year-long global study of 100 cities that were using technology to connect all areas of their urban ecosystem. The study shows how forward-looking cities can generate a virtuous cycle of economic and social benefits from using technology to link key elements of the urban landscape—from roads to cars and street lights, to police departments to citizens, to government and businesses, and to universities. ESI ThoughtLab economists estimate that, worldwide, cities could collectively enjoy a return on investment of $60 billion if they were to become fully hyperconnected.
The e-book Building a Hyperconnected City shows that technology is a platform for connecting the city’s stakeholders, government, citizens, businesses and academia, with urban assets, such as mobility, safety, energy and sustainability. It also looks a significant roadblocks and hurdles and how to overcome them. For instance, backlash from citizens and other stakeholders who feel their health, privacy, or other interests will be compromised by new technologies, can best be alleviated by using effective communication and outreach to build citizen trust and engagement. This is also a good starting point for finding solutions to funding pushback and policy and regulatory barriers. It is important that all stakeholders understand the dividends that can be realized in the journey to hyperconnectivity.
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