Internet Of Things: 8 Cost-Cutting Ideas For Government - InformationWeek
IoT
IoT
Government // Leadership
News
1/16/2014
12:28 PM
InformationWeek
InformationWeek
Slideshows
RELATED EVENTS
Threat Intelligence Overload?
Aug 23, 2017
A wide range of threat intelligence feeds and services have cropped up keep IT organizations up to ...Read More>>

Internet Of Things: 8 Cost-Cutting Ideas For Government

Cisco says tech's new trend darling could mean $4.6 trillion in savings and revenue to governments worldwide during the next 10 years. Examine the ideas.
2 of 9

1. Smart Parking 
Potential 10-Year Value: $41 billion
Smart parking systems would provide real-time visibility into the availability of parking spaces across a city.  Residents could identify and reserve the closest available spaces. Traffic wardens could recognize non-compliant usage. And municipalities could introduce variable pricing.

• New things created: Connected parking spaces, parking meters
• New data flows: Space availability
• Process innovation: Pricing and payments, enforcement, finding parking spaces
• People impact: Traffic wardens, citizens, drivers, city planners
The potential value from the Internet of Everything would come from a projected 30% increase in compliance, the sale of city data, reduction in traffic congestion, and increased revenue from dynamic pricing.
Source: Cisco Consulting Services
Image: Wikimedia Commons

1. Smart Parking
Potential 10-Year Value: $41 billion

Smart parking systems would provide real-time visibility into the availability of parking spaces across a city. Residents could identify and reserve the closest available spaces. Traffic wardens could recognize non-compliant usage. And municipalities could introduce variable pricing.

• New things created: Connected parking spaces, parking meters

• New data flows: Space availability

• Process innovation: Pricing and payments, enforcement, finding parking spaces

• People impact: Traffic wardens, citizens, drivers, city planners

The potential value from the Internet of Everything would come from a projected 30% increase in compliance, the sale of city data, reduction in traffic congestion, and increased revenue from dynamic pricing.

Source: Cisco Consulting Services

Image: Wikimedia Commons

2 of 9
Comment  | 
Print  | 
Comments
Newest First  |  Oldest First  |  Threaded View
<<   <   Page 2 / 2
Laurianne
50%
50%
Laurianne,
User Rank: Author
1/16/2014 | 1:48:53 PM
Road pricing
Dear Cisco and city government leaders: Most people are not going to like the thought of automated parking tickets and special tolls for high-traffic roads.   
<<   <   Page 2 / 2
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
IT Strategies to Conquer the Cloud
Chances are your organization is adopting cloud computing in one way or another -- or in multiple ways. Understanding the skills you need and how cloud affects IT operations and networking will help you adapt.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll