Chordant, the Smart City-focused IoT business of InterDigital
(NASDAQ:IDCC), in collaboration with CA Technologies (NASDAQ:CA),
today unveiled the CA-Chordant Smart City Benefits Index – the
first comprehensive study designed to examine the relative
potential benefits of Smart City technology in America’s major
metropolitan areas.
Industry experts agree that Smart City technology – everything
from connected transportation systems to smart building technology
to IoT-enabled energy systems – has the potential to unlock
tremendous benefits for cities and the people, industries and
businesses that call them home. But those benefits will vary widely
based on differences in geography, transportation systems,
demographics and a variety of other factors.
“The Internet of Things (IoT) holds huge promises for the public
sector, especially as it relates to Smart Cities technology,” said
Rahim Bhatia, Senior Vice President and General Manager, Developer
Products, CA Technologies. “We are seeing an uptick in the adoption
of Smart Cities practices. The efficiencies, conveniences and
analytics that come from Smart Cities technology is something these
communities can use to help improve transportation, infrastructure
and services to ultimately enrich the lives of their citizens.”
The CA-Chordant Smart City Benefits Index is produced by
industry-leading market research firm Compass Intelligence, and
uses a proprietary algorithm to calculate the relative benefits of
Smart City technology to each city based on a broad range of data
points. The selection of 50 cities was based on over 1,000 compiled
and curated news articles, reports, summaries, and research over
the course of 3 weeks, including a review of smart city projects in
place, historical listings of city rankings, and those who
participated in the US Department of Transportation Smart City
Challenge. The index based its ranking on five categories of data:
city demographics, city spend and infrastructure, business and
economy, education, and other. Data integrated into the model
includes transportation costs, infrastructure needs, population
density, and business needs, among others.
“The CA-Chordant Smart City Benefits Index evaluates each city’s
expected position and readiness to embrace, adopt, implement, and
scale smart city projects, initiatives, investments, technologies,
and solutions,” said Stephanie Atkinson, Founder and Principal
Consultant, Compass Intelligence. “Those cities ranked higher or
that have higher total points on the index are expected to be
earlier adopters of smart city technologies and could potentially
reap greater benefits of a return on investment.”
In terms of results, tech hub Boston tops the list of potential
Smart City beneficiaries, but it’s more traditionally industrial
cities including Chicago, Atlanta and Philadelphia that follow
close behind, ahead of Austin, TX in fifth place. Only four of the
top ten cities – Boston, Austin, Seattle and San Diego – are
typically seen as significant tech hubs, while cities with a more
traditional mix of industries (Chicago, Atlanta, Philadelphia, New
York, Phoenix and Kansas City) dominated the top ten. There were
also some surprises: Cleveland, typically seen as a net loser in
the transition from industrial to technological, came in 12th ahead
of tech giants San Jose and San Francisco, while Minneapolis, one
of the larger metro areas in the United States, came in at the
bottom ten of the index.
“Our absolute conviction is that Smart City technology can
benefit every single city in the world, but it’s useful to look at
where those benefits will be felt most strongly,” said Jim Nolan,
Executive Vice President, Chordant, at InterDigital. “A ranking
like the CA-Chordant Smart City Benefits 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. It’s critical that they start thinking today about how
Smart City technology can shape the future.”
According to Compass Intelligence, the global Smart Cities
market is expected to surpass $1.4 trillion by 2020, with Smart
Governance and Smart Energy topping the categories of major
investment. The final results and data model can be consulted at
www.chordant.io/smart_cities_index.
CA-Chordant Smart City Benefits Index Top 10 Results:
|
|
|
Smart City Benefits |
|
|
City |
INDEX (X/105) |
1 |
|
Boston, MA |
67.1 |
2 |
|
Chicago, IL |
64.2 |
3 |
|
Atlanta, GA |
61.9 |
4 |
|
Philadelphia, PA |
60.5 |
5 |
|
Austin, TX |
59.5 |
6 |
|
San Diego, CA |
58.9 |
7 |
|
Seattle, WA |
58.1 |
8 |
|
New York, NY |
57.7 |
9 |
|
Phoenix, AZ |
56.9 |
10 |
|
Kansas City, MO |
56.1 |
About Chordant™
Chordant, an InterDigital business, is part of a global company
passionate about innovation and a standards-based
approach that stimulates thriving global
ecosystems. Solutions powered by the Chordant platform address
the fundamental challenges in Smart City deployments. Like a
perfect chord of musical notes, the Chordant platform brings
harmony to diverse devices, data and services. We have created one
of the largest Smart City deployments, integrating
hundreds of transport data sources into a transport data
marketplace. Our Smart City solutions have also been
recognized by leading analyst firms and organizations. For more
information, visit: www.chordant.io.
About InterDigital®
InterDigital develops mobile technologies that are at the core
of devices, networks, and services worldwide. We solve many of the
industry's most critical and complex technical challenges,
inventing solutions for more efficient broadband networks and a
richer multimedia experience years ahead of market deployment.
InterDigital has licenses and strategic relationships with many of
the world's leading wireless companies. Founded in 1972,
InterDigital is listed on NASDAQ and is included in the S&P
MidCap 400® index.
InterDigital is a registered trademark of InterDigital,
Inc. Chordant is a trademark of InterDigital.
For more information, visit: www.interdigital.com.
About CA Technologies
CA Technologies (NASDAQ:CA) creates software that fuels
transformation for companies and enables them to seize the
opportunities of the application economy. Software is at the heart
of every business in every industry. From planning, to development,
to management and security, CA is working with companies worldwide
to change the way we live, transact, and communicate – across
mobile, private and public cloud, distributed and mainframe
environments. Learn more at www.ca.com.
About Compass IntelligenceCompass Intelligence,
a market analytics and consulting firm, specializes in deep-level
market segmentation and actionable research for the high-tech and
telecom industries while delivering metrics-driven intelligence and
insights. Compass Intelligence provides executive insights, market
sizing/modeling, competitive analysis, strategic consulting,
research-based marketing support, and expert recommendations on
multiple markets. Visit us at http://www.compassintel.com. Follow
Compass Intelligence on Twitter at @CompassIntel.
www.compassintelligence.com
InterDigital Contact:Patrick Van de WilleEmail:
patrick.vandewille@interdigital.com +1 (858) 210-4814
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