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."