- Many companies investing in smart city technologies are too focused on the consumer side of IoT (the “flashy side”) and are hindered by outdated, inefficient backend infrastructure forcing them to rethink their strategy.
- Knowing that things will go wrong in the early years of smart cities and IoT technology adoption, it will take a select few to be the first movers, take the risk, and carve the path for others.
- In order to reach the next phase of “smart cities,” companies involved in the on-demand ecosystem will need to optimize their own resources through a dynamic technology that enables more efficient and effective processes.
- Despite what many might believe, we’ll likely see rural areas – not major cities – adopt smart technologies such as delivery drones and autonomous vehicles first.
- Instead, rural areas not only provide open skies and sparse populations, but these communities actually stand to benefit the most by utilizing optimized smart technologies that provide efficient, low-cost and timely services.
Continue reading “The evolution of smart tech: What will our cities look like in 2025?”