Economic Benefits of Smart City Technologies for Energy Management

Junyue Li ()
Additional contact information
Junyue Li: Chinese International School

A chapter in Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024), 2024, pp 107-114 from Springer

Abstract: Abstract The increasing urbanization and demand for sustainable development have positioned smart cities at the forefront of modern urban planning. This essay explores the transformative impact of smart city technologies, specifically the Internet of Things (IoT), Artificial Intelligence (AI), machine learning, and data analytics, on energy efficiency and economic development. Smart city technologies enable real-time monitoring, predictive maintenance, and data-driven decision-making, which could lead to significant improvements in energy management. By examining the integration of these technologies in smart cities, this paper highlights the resulting economic benefits, including cost savings, job creation, and increased investment attractiveness. Case studies and world examples provide practical insights into the successful implementation and outcomes of smart energy initiatives. Ultimately, this essay underscores the pivotal role of smart city technologies in fostering sustainable urban development and calls for continued innovation and investment to realize their full potential.

Keywords: Economic benefits; smart city; technology; energy management (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-548-5_14

Ordering information: This item can be ordered from
http://www.springer.com/9789464635485

DOI: 10.2991/978-94-6463-548-5_14

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().