In Focus: Redefining the “Smart” in Smart Cities
2 Mar 2022
News
The term “smart cities” has a certain aura — it promises to solve the problems urban areas face using technologies like artificial intelligence (AI), machine learning, robotics, digital cameras, and sensor networks.
The potential of smart city solutions is seemingly limitless — the market opportunity ( estimated at $741.6 billion in 2020) is boundless, and there are many problems to be solved. In its simplest definition, a smart city is one that uses data gathered through its operations to improve the efficiency and effectiveness of those same operations. But for a city to truly be smart, it needs to go beyond data and technology and focus on addressing the root causes of inequities and improving quality of life for all its residents.
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The Royse City, TX Community
Royse City is home to a growing number of young professionals and families. The average age within the city is 32 years old, and the educational attainment is higher than the national average. This has led to a population that is active, educated, and earns around $90,000 per year - far more than the national average. With 15,000 new homes in some stage of development, the city’s growth is expected to continue for some time. As it does, investments are being made in parks and recreation and the local school district.
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Low Cost of Living
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