{"id":6314,"date":"2017-10-12T16:58:00","date_gmt":"2017-10-12T16:58:00","guid":{"rendered":"http:\/\/statescoop.scpnewsgrp.com\/new-research-reveals-which-cities-can-benefit-most-from-iot\/"},"modified":"2021-09-03T14:19:54","modified_gmt":"2021-09-03T18:19:54","slug":"new-research-reveals-which-cities-can-benefit-most-from-iot","status":"publish","type":"post","link":"https:\/\/statescoop.com\/new-research-reveals-which-cities-can-benefit-most-from-iot\/","title":{"rendered":"New research reveals which cities can benefit most from IoT"},"content":{"rendered":"

Compass Intelligence, a global consulting and analytics firm, has\u00a0released its Smart City Benefits Index<\/a> to put a spotlight on the\u00a050 U.S. cities with the most potential to benefit from the Internet of Things and other smart city technologies.<\/p>\n

The goal of the index, researchers say, is to show where smart city dollars should go, as opposed to just showing where they have gone.<\/p>\n

\u201c[The] index evaluates each city\u2019s expected position and readiness to embrace, adopt, implement, and scale smart city projects, initiatives, investments, technologies, and solutions,\u201d Compass Intelligence Founder Stephanie Atkinson said\u00a0in a release <\/a>last week. \u201cThose cities ranked higher \u2014 or that have higher total points on the index \u2014 are expected to be earlier adopters of smart city technologies and could potentially reap greater benefits of a return on investment.\u201d<\/p>\n

The top 10 cities included in the report are:<\/p>\n

<\/p>\n

The scores and rankings were generated by an algorithm that\u00a0included\u00a0data regarding\u00a0demographics, infrastructure, economics and education levels.\u00a0Compass Intelligence notes\u00a0that its selection of\u00a0cites was based on more than 1,000 news articles, reports, summaries, and research. Other data points included in the analysis were transportation costs, infrastructure needs, population density, current projects and business demands.<\/p>\n

When crunching numbers, researchers reported surprise\u00a0that some national\u00a0technology hubs, like San Francisco, did not dominate the rankings. Instead, cities that had a mix of different business and industrial sectors typically were found to\u00a0have\u00a0an advantage. This\u00a0was the case with Cleveland, Ohio, which ranks\u00a012th, outranking\u00a0tech Meccas like San Francisco,\u00a0Los Angeles, San Jose, California, and Washington D.C.<\/p>\n

The company\u00a0projects that the global smart cities market will\u00a0surpass $1.4 trillion by 2020, with smart energy and smart governance, digital planning and decision-making tools\u00a0driving investment.<\/p>\n

The tech firms Chordant and CA Technologies supported the research, and Jim Nolan, Chordant\u2019s executive vice president, said this funding would likely see higher returns if placed in the right locations.<\/p>\n

\u201cOur absolute conviction is that smart city technology can benefit every single city in the world, but it\u2019s useful to look at where those benefits will be felt most strongly,\u201d Nolan said in the release. \u201cA ranking like [this index] should catch the attention of public officials, as they hold the responsibility for making their cities and regions competitive as homes for people and businesses.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Boston, Chicago and Atlanta top a list of 50 cities expected to make the most of emerging smart city and Internet of Things technologies.<\/p>\n","protected":false},"author":86,"featured_media":39356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"disable_grayscale_images":true,"grayscale_contrast":0,"sponsored_content":false,"display_author_bio":true,"story_type":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4676,20647,20648,20649],"tags":[4,5,6,34,51,83,237,779,811,911,912,13703],"people":[],"special-report":[],"authors":[],"class_list":["post-6314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-city","category-modernization","category-digital-services","category-emerging-tech","tag-tech-news","tag-it-infrastructure","tag-software","tag-atlanta","tag-emerging-technology","tag-modernization","tag-internet-of-things","tag-boston","tag-chicago","tag-smart-city-benefits-index","tag-compass-intelligence","tag-digital-services"],"yoast_head":"\nNew 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