LONDON and MELVILLE, N.Y., Oct. 05, 2017 (GLOBE NEWSWIRE) — 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.”

Sourced through Scoop.it from: www.compassintelligence.com