There's a need, a need for speed. By 2030, a family of four will require symmetrical speeds in their homes of at least 2 Gbps. That's according to the Fiber Broadband Association's (FBA) latest research. The report also stated that fiber is the best option to bring future-ready networks to households. But what about today's need for speed?
Many cities strive to be future-ready to achieve a sustainable and smart environment for their current and future businesses, residents, and visitors, but how exactly do you make a city future-ready?
Topics: Smart Technology
While 2020 was a difficult year due to the COVID-19 pandemic, the technological advancements were accelerated to meet the new demands that the coronavirus brought. Industry experts state that this momentum will continue in 2021 with smart cities at the core.
The term "smart building" has been tossed around a lot lately, but what exactly makes a building smart? The most basic function of a smart building is that the features (water meters, pumps, fire alarms, power, lighting) within it are linked and "talk" to one another. This technology both optimizes building performance by automating multiple processes, such as heating, cooling, and security, and significantly reduces building overheads through intelligent application. Owners and developers are motivated by the improvement to the environment and their bottom-line.
Apartment rentals have spiked 11% since 2018. The increase is in part due to Millennials not wanting to be tied down to lengthy mortgages. Others believe it is more affordable to rent than to buy.
There’s a good reason why a report found that by 2022, there will be 29 million connected devices. It’s almost impossible to navigate society these days without reliable internet and cellular service.
When you’re looking for a place to call home, it’s crucial to consider the surrounding environment as well. There are different characteristics associated with every neighborhood, be it the degree of safety, physical appearance, crime rate, etc. While certain neighborhoods can lead to the decline of a home’s value, others such as gated communities, aid in resisting market trends and retaining their value over time.
With smart home technology coming down the pipeline fast, it's easy to accept smart home technology as a good thing. However, while smart home technology makes our lives and the communities we live in better, it is important to understand the pros and cons of smart home technology.
In today's rental market, Millennials (80+ million strong) are the largest pool of renters. Gen-Z is not far behind as a fast-growing portion of the market. These generational groups prefer to rent rather than buy a home for multiple reasons. One of the most prominent reasons tends to be the amenity-rich offering of an apartment, such as common spaces and pools, on-site concierge, and typically located within an urban community. Trends and studies show that one of the most important amenities is technology. Millennials and Gen-Z will consider technology as one of their main decision-making factors when choosing a community.