With the U.S. and Canada being such accelerators for tech innovation, as you might expect the Americas region as a whole is projected to reach 32% of the global smart cities information and communication technologies (ICT) spend by 2023, or $60.6 billion, according to the IDC.
Smart city transportation is an ever-evolving category with many names. City transportation assets are basically cars, scooters, roads and public transit (trains, buses, etc.). But injecting “smart” into the equation opens the door to a whole host of other possibilities like autonomous vehicles, V2X (vehicle talking to everything), smart parking, multi-modal transit, traffic management, e-hailing and more.
When one of these models also includes data on how the process (or thing) works and develops over time, it is a digital twin. For example, a digital twin of a smart building would include real-time environmental and operational data on energy use, temperature, humidity, occupancy, security incidents, maintenance needs, external weather patterns and more.
Technology trends come and go. Some are successful while others fade away, but ultimately how can enterprises benefit from these technologies in today’s digital world? In this ‘Interconnection x Hot Tech’ blog series, we will examine the hottest technology trends in Asia-Pacific, and how their applications across different verticals is set to change the way we live. Today, let’s first explore the field of mobile communications and anticipated impact of 5G.
With smart transportation using smart flow systems, we can assess traffic flows in real time thanks to sensors and video capture, to then adjust intervals based on dynamically-calculated data to respond to medians and peaks. The algorithm used to calculate intervals needs to be sophisticated, factoring in many data sets.
As our communities become more connected, digital technologies have the potential to help our cities run better, improve our public services, and enrich our safety and quality of life.