Syosset, N.Y. -- A recently announced $7.5 billion real-estate project in Las Vegas will offer renewable energy sources, autonomous vehicles, and augmented reality, among other high-tech features. The privately-funded “mini-city” will include residential, office, and retail space, along with hotel and entertainment facilities.
“Over 50% of the world’s population already lives in cities,” said Darren Sadana, Choice Business Connections CEO, “and it’s projected that 68% will be urbanized by 2050. Given this pattern and current technological capabilities, we can expect to see more ‘smart cities’ begin to emerge in the near future.”
Bleutech Park Las Vegas is scheduled to break ground in December 2019—it is expected to take six years to build out. Within the complex, flooring will capture and reuse the energy of human movement. Photovoltaic glass will be standard in all structures, turning building exteriors into solar panels and enabling the resources needed for heating, cooling, lighting, and electricity to be generated onsite. Security will be provided robotically via biometrics and other techniques.
The project provides a striking example of the extent to which IoT technology has come to impact mainstream companies, ordinary consumers, and the world marketplace, said Sadana. The global IoT market is expected to be more than $3 trillion annually by 2026. A key component of this growth, according to industry observers, will be fifth-generation (5G) cellular telephone technology, which is not expected to be widely available in the U.S. until 2020.
The true infrastructure of tomorrow’s smart cities, Sadana notes, consists of thousands of IoT-based applications and solutions. Ideally, these solutions, created by individual software developers, combine into the constant flow of information that enables a connected community to function. Going forward, developers will need to work closely both with governmental entities and the private sector to ensure that business and community priorities are being met.
“The lifeblood of smart cities is connectivity, just as it is for smart hospitals, smart banks, and other IoT-dependent industries," said Sadana. "It is also the lifeblood of solution providers. In managing their businesses and planning expansion, these companies should be aware that connectivity needs can fluctuate, and that it is possible to obtain accurate, current information—including pricing and contract requirements—about this essential commodity.”
For more information, visit www.choiceiot.com.