Tomorrow’s cities: evolving from “smart” to Adaptive
Cities are going smart – trying to deal with the proliferation of people, sensors, automobiles and a range of devices that demand network access and generate mind-boggling amounts of data. However, being smart is not an instance in time, and a “smart city” is not static. To be worthy of the name, a smart city must continually evolve and stay ahead of demand. This is only possible if the city’s underlying network is just as smart and can adapt to its constantly changing environment.
By Daniele Loffreda – Cities are constantly in flux. Populations move in; populations move out. Demographics change, economic growth falls and then soars. New leadership steps in and—if you believe all the commercials—technology will make everyone’s life better.
Municipal governments understand the need to consider which smart city applications will best serve the demands of their diverse demographic segments. The City of Austin’s Head of Digital Transformation, Marni White, summed up these challenges stating, “Our problems will continue to change over time, so our solutions also need to change over time.”
The one constant in the smart city is the network running underneath these solutions—and the truly smart city has a network that adapts.
Smart city applications must be aligned with where a city and its citizens want to go. Some municipalities that created model smart-cities early on have had to initiate extensive revamping. For example, the City of Barcelona has long been at the cutting edge of using digital devices and the Internet of Things to improve municipal operations; however, in 2017, Mayor Ada Colau gave Barcelona’s CTO, Francesca Bria, a mandate to “rethink the smart city from the ground up.”
This meant shifting from a “technology-first” approach, centered on interconnected devices, to a “citizen-first” focus that responds to the changing needs that residents themselves help define. more>
Posted in Broadband, Business, Communication industry, Economic development, Economy, Education, How to, Net, Product, Science, Technology
Tagged Business improvement, Ciena, Fiber optics, Internet, Organization, Productivity, Super regions
Why we’re all impact investors now
By Chana R. Schoenberger – Laurence “Larry” Fink, the founder and CEO of BlackRock, the world’s largest asset manager, which has more than $6 trillion in assets under management, issued an open letter to CEOs this past January—and reportedly sent many of them into a tizzy.
Fink’s letter said society is demanding that companies, public and private, need to “serve a social purpose,” benefiting not just shareholders but also employees, customers, and neighbors. And, he explained, from that point forward, BlackRock would be “eager to participate in discussions about long-term value creation and work to build a better framework for serving all your stakeholders.”
Executives, he wrote, should be able to answer their questions about the company’s actions. For example, what role does the company play in the community? How is it managing its impact on the environment? Is it working to create a diverse workforce?
“The time has come for a new model of shareholder engagement,” he wrote.
For nearly 50 years, many have been guided by the idea, laid out most famously by Milton Friedman, that the most appropriate way to create social change is to give profits to investors, and taxes to the government, and use that money to make an impact. more>
Posted in Business, Economy, Education, How to, Regulations
Tagged Business improvement, Capital, Chicago Booth, Impact investor, Jobs, Leadership, Noncompetes, Organization