Smart cities are on the rise across the globe, as a result of increasing urbanization and the need to provide citizens with new technology, while also improving quality of life, addressing aging infrastructure, and a renewed focus on environmental sustainability.
A new market report even predicts that the global smart cities market will reach $237.6 billion by 2025, which is an 18.9% growth from 2019 to 2025. The benefits are clear: more efficient homes and buildings and improved mobility in cities, among others. The concept is good, although does present a few challenges. Looking beyond the cost, smart city implementation also requires a systemic approach.
In order to help push smart cities further, new initiatives are developing to offer opportunities. One example is the OMF (Open Mobility Foundation), which is a global coalition led by cities committed to using open-source technology to evolve how cities manage transportation. The organization recently launched with the mission to promote safety, equity, and quality of life.
As municipalities expand transportation options, this coalition is focused on four primary areas: giving cities the tools they need to manage and measure transportation models to ensure safety; offering cities tools to ensure mobility technologies do not create or exacerbate inequality; ensuring transportation options do not impede sidewalks or increase congestion, but rather improve quality of life; and protecting privacy by giving cities the tools needed to analyze data, while also adhering to privacy and data security standards.
While this is one example, there are a number of initiatives across the globe and in cities that aim at providing mobility solutions for cities. This is also a topic that will be discussed in-depth at the Technology Days event, which will take place August 21-22, 2019, in Arlington Heights, Ill.
The conference will focus on the global issues facing the construction industry and building cities of the future, all while overcoming infrastructure and urbanization challenges, while leveraging technology to spur the worker of the future.
As the city of the future begins to come to fruition, those working in construction will need to determine how to best build the smart buildings, homes, and infrastructure. It is coming. Are you ready?
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