It may not always seem so, but government and business go hand in hand. This is especially true when it comes to the economy – and economic success is often dependent on the talent governments can attract to their cities.
So the question then becomes: How can governments use technology to not only attract and retain talent, but simultaneously build economically intelligent and competitive cities?
The answer is simple. Talented people will seek to settle in places that offer them a higher quality of life and simplify, as much as they can, the complexities of the world.
And when cities attract talented people, it creates a cycle. Talent will attract more talent, which will then will drive a boom in business, and economic growth will be the natural result.
But what is it specifically that makes certain cities such attractive places to live? It can be anything from better emergency services to smarter school curricula to more efficient public transportation. Investments in technology to improve these things will result in sustainable, long-term growth that will keep talented individuals and innovative businesses from leaving for greener pastures.
The most important technological development, perhaps, is data – and data is necessary for governments that are looking to transform the entire economic framework of a city. It has untold uses in healthcare, infrastructure maintenance, water management, and energy preservation.
Moreover, governments can use data to work with citizens and businesses for better policy and planning. They can also use it to train people for jobs in their own cities, and then help them find meaningful employment – and thereby keep the talent at home.
For more information on big data and analytics, visit our digital library, where we have a number of whitepapers available for download.