How Data is Transforming the Way We Live
Whether big or small, centuries old or relative newborns, cities around the world face a growing number of challenges, from aging infrastructure, to insufficient transportation, and skyrocketing healthcare costs. Many cities are finding that many of the conventional fixes they’ve long relied on are becoming too costly, too slow or too ineffective to sustain.
Information-based solutions are emerging as a necessary alternative that are truly impacting the lives of citizens. By working with virtual tools such as big data, analytics, and forecasting, cities are discovering they can solve real problems, faster and cheaper than ever before. This approach is winning out thanks to the maturation and convergence of three technologies:
- Smarter devices: From low-cost digital instruments to everyday smart phones, sensors are becoming ubiquitous, making it easier to capture everything from blood pressure readings to pothole locations.
- Smarter networks: Be it smart grids, wireless networks or speed-of-light fiber optics, pervasive inter-connectivity is making it easier and less costly than ever before to harness and share the resultant gushes of data.
- Smarter analytics: Intelligent software and advanced computing technologies are, for the first time ever, able to sort through these gargantuan streams of data faster than ever and deliver actionable findings when and where they’re needed most.