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How Smart City Apps Benefit Governance and Economics

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emathew emman
How Smart City Apps Benefit Governance and Economics

Smart City Application help businesses and citizens get access to a comfortable work environment, which can transform lives and deliver a better tomorrow. Smart cities are conceptualized keeping science and lifestyle at the center of development.


Smart Governance


Citizens today expect to base their daily lives on robust, user-friendly digital solutions. Collaboration tools, modern cognitive websites, self-service portals, mobile applications, and convenient online banking have become a standard in many aspects of life, and smart citizens expect nothing less than that from a city. Expanding digital services to communities makes cities smarter and provides more and more opportunities for businesses.


Let’s take a look at a case of smart governance. The government of India started a service called Unified Payments Interface in 2016. UPI is a cashless method of payment. The Reserve Bank of India rolled out a mandate for all banks to start providing UPI services to any Indian citizen who holds a valid bank account and completes the Know Your Customer (KYC) process, which ensures a better safety measurement for online payments. 


With such a smart move, the smallest of shopkeepers were now able to accept money using hundreds of UPI-enabled mobile apps. This simply meant more transactions and more business for millions of shopkeepers. This move changed the way business is done in India forever.


Smart Economic Development


Investors are looking to put their money into the development of smart cities now. Why? Simply put—better returns. That’s happening because the comfort, the luxury, and the convenience smart cities offer are proving out to be the best value for anyone that is buying a house or someone who is looking to set up a business.


Smart city investments are playing a vital role in enhancing the cities’ regional and global competitiveness to lure in new residents, businesses, and opportunities. Furthermore, smart cities that are providing access to their data to businesses in a secure environment are eventually helping these businesses make smarter decisions. 


Final Thought


Smart cities make smart regions and lead to making smart nations. The ease of living, the boost in the economy, and the upliftment of the work environment are desires of any modern business today. Moving a business to a smart city is not a dream anymore. Look around, it is already happening.


Want to adopt a smart city mobile application? Book a free consultation!



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