Today citizens expect to base their daily lives on robust, user-friendly digital solutions. Collaboration tools, modern cognitive websites, self-service portals, mobile applications, and convenient online banking have become a standard in many aspects of life and smart citizens expect nothing less than that from a city. Expanding digital services to communities makes cities smarter and provide more and more opportunities for businesses.

Proven Benefits of Smart City Application to Government

Let’s take a look at a brilliant case of smart governance. The government of India started a service called Unified Payments Interface in 2016. UPI is a cashless method of payment. The Reserve Bank of India rolled out a mandate for all the banks to start providing UPI services to any Indian citizen who holds a valid bank account and completes the Know Your Customer (KYC) process, which ensures a better safety measurement for online payments.

With such a smart move, the smallest of shopkeepers were now able to accept money using hundreds of UPI enabled mobile apps. This simply meant more transactions and more business for millions of shopkeepers. This move changed the way business is done in India forever.

Investors are looking to put their money into the development of smart cities now. Why? Simple better returns. That’s happening because the comfort, the luxury, and the convenience smart cities offer are proving out to be the best value for anyone that is buying a house or someone who is looking to set up a business.

Smart city investments are playing a vital role in enhancing the cities’ regional and global competitiveness to lure in new residents, businesses, and opportunities. Even furthermore, smart cities that are providing access to their data to businesses in a secure environment, are eventually helping businesses make smarter decisions.

Wrap up!

Smart cities make smart regions and lead to making smart nations. The ease of living, the boost in the economy, and the upliftment of the work environment are desires of any modern business today. Moving a business to a smart city is not a dream anymore; Look around, it is already happening.