Smart city tech will grow exponentially in the next few years, driven by advances in information and communications technology, including IoT sensors and analytics platforms.
Read MoreA report published Tuesday found that the smart city market reached $342.4 billion in 2016 and is projected to more than double by 2021, to an estimated $774.8 billion. The increase equates to an overall 17.7 percent growth rate. But despite this rapid growth, researchers estimate it will be years before the smart city sensor systems, predictive analytics tools and energy efficient buildings now being purchased become ubiquitous technologies.
Read MoreI spent ten days in May talking with institutional investors in Singapore, Hong Kong, Tokyo and Beijing. There was considerable interest in the various problems the Trump administration was encountering that prevented the implementation of his pro-growth agenda. These investors strongly believe that Asia would benefit from greater American growth. One institutional investor in Singapore went so far as to wonder whether electing a billionaire as president, a man who was accustomed to doing things his own way without opposition, didn’t represent “a peaking of capitalism.” While I do not support that view, there is no question that Asians are following the political developments in the United States closely, because America is a critical factor in the economies of the region. I was asked almost everywhere whether Trump would be impeached and I told questioners it was unlikely.
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