Thursday, January 14, 2016

The Power of Real-Time Data

From the Thoughts blog of Arup:

"The power of real-time data is nothing new. Since ancient times having more information has provided a competitive advantage in situations ranging from the battlefield to the stock market.

The future won’t be any different. Real-time data can help cities become more attractive while giving citizens the services they require. Real-time data and connectivity has the potential to be translated into benefits for cities and their citizens, mainly in terms of savings and optimising the usage of a city’s scarce resources.

Real-time (or even close to real-time) data will, if managed appropriately, radically improve accuracy when trying to predict the immediate future or to produce short-term forecasts. This could make usage of scarce resources, like electricity, more efficient."

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