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ESF Experts Live

Smart Cities

July 25, 2023 11:00 AM ET - 12:00 PM ET | Virtual Meeting

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Smart building and city infrastructure is reducing costs, enhancing productivity, and solving problems for businesses and cities. Join this Experts Live to understand how smart initiatives can improve decision-making resulting in operational and sustainable benefits. TCB senior economists Erin McLaughlin and Alex Heil, PhD, will also give a brief primer on the eight functional areas of smart cities, provide examples of smart infrastructure, and discuss which new smart initiatives worked well—and which have not. Business opportunities related to this growing market, as well as challenges around issues related to privacy and cybersecurity, will also be explored.

 

Benefits of attending and key takeaways:

  • Understand what is smart infrastructure
  • Learn common aspects of successful smart building and city initiatives
  • Gain insight into how smart technologies aid in achieving operational and sustainable goals
  • Plan to overcome challenges of enacting smart infrastructure—including issues around privacy and cybersecurity

 

Some stats:

  • Occupant monitoring (a smart feature) can save up to 40 percent in energy costs—which are the largest cost of operating a building
  • At a community level, smart city technologies have been shown to accelerate emergency response times by 20-35 percent; shave the average commute by 15-20 percent, and cut greenhouse gas emissions by 10-15 percent
  • The global smart cities market is expected to reach nearly $7 trillion by 2030, expanding at a compound annual growth rate of 25.8 percent form 2023 to 2030

 

Pre-Read: Cities Get Smart: Tech Is Accelerating Change for Infrastructure and Buildings

Speakers

Alexander Heil, PhD

Alexander Heil, PhD

Senior Economist
The Conference Board

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Erin McLaughlin

Erin McLaughlin

Senior Economist, ESF Center
The Conference Board

Read Bio

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Experts Live are Chatham House discussions open to ESF Center Members on the latest business trends and hot topics. Join with questions and business issues relevant to your organization for our experts to address.

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