BY KARIN HURT AND DAVID DYE
In a world of demographic changes,
are you keeping up?
he marketplace for infrastructure is changing. Stability
used to be enough, but now the top U.S. cities demand
infrastructure that is alive—smart, wired and walkable.
In part, this shift is driven by the business needs of communities.
Municipal budgets are strained and cities need innovative
infrastructure to monitor utilities, regulate energy usage and
leverage transportation patterns for economic growth.
But businesses, too, are demanding smart infrastructure. Millenials
now make up the majority of the U.S. workforce and comprise
30-40 percent of the population in several top U.S. markets.
Tech-savvy and social, these 83 million urban workers want
wired, walkable communities in which they can live, work and
play. In order to recruit and retain millenial talent, businesses are
demanding from their civic leaders investment in infrastructure
that is “livable” or they will relocate to cities that already are.
In fact, as reported in PwC’s latest Emerging Trends in Real
Estate – Infrastructure, when asked which infrastructure criteria
influenced corporate relocations the most, 96 percent cited
technological readiness, which they defined as smart power grids
and smart mobility.
The question is, are you prepared to capitalize on the growing
demand for smart, sustainable infrastructure?
Embracing Industry Shifts
Technology is progressing faster than at any other point in human
history. It’s impossible to be ahead of the curve every time, but it’s
important to be aware of when you’re lagging behind so that you
can take steps to redirect and get on course.
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