Going smart for sustainability, resilience, and efficiency
The growing global population and its ongoing migration require efficient and sustainable use of resources. A circular approach to resource use faces various challenges that smart and sustainable technological solutions can reduce. Therefore, with urban areas accounting for about 70% of global man-made CO2 emissions, cities must embrace a smart approach and strive to become a part of our planet’s sustainable future.
Additionally, climate change brings new challenges to urban areas. Increased risk of severe storms, floods, drought, and more can lead to vital disruptions in business operations and city budgets. Providing safety and reliability of cities’ operational structures is crucial in ensuring resilience, and the potential climate challenges cannot be overlooked when developing smart city initiatives.
Both urbanization and hollowing out of cities have significantly contributed to redefining the role of urban areas. It’s now more important than ever that city is a connected and sustainably functioning area, inclusive to all social groups. Thus smart city initiatives that focus on citizens’ needs are an essential commitment to urban areas’ efficiency. Besides meeting residents’ basic requirements, cities need to provide convenient services, predictive safety measures, and deliver socio-economic value.
A smart future is found in collaborative efforts
Considerate urban governance is the key to successful city development. With technology currently evolving faster than the government can adapt, integrated decision-making connecting all stakeholders is crucial. Smart city initiatives are far-reaching to everyone involved – a healthier and more inclusive environment for the residents, research opportunities for the academic community, and possibilities to develop new products and services for the private sector.
Smart city testbeds are the key to turning innovative experiments into large-scale smart solutions. Therefore, LMT is pleased to be a part of the VEFRESH innovation movement, which provides a space for testing smart city solutions, facilitates stakeholder collaboration, and aims to develop the VEF district in Riga, Latvia, into a smart city innovation territory.
From telecommunications to innovative tech solutions
Mobile operators have ensured infrastructure that enables connectivity and city services for decades. With the 5G network, operators’ role is shifting from being telco providers to producing innovative tech solutions. Their capacity to deliver integrated and future-proof solutions is crucial in creating connected and data-driven cities.
LMT holds outstanding technological expertise that enables digital transformation. The existing infrastructure and our knowledge in processing big data make it possible to turn smart initiatives into real-life solutions. LMT is one of the first operators in the Baltic region that provides future-proof network technologies, and besides delivering connectivity, we’re eagerly developing innovative products for our clients. Therefore LMT is always open to new collaboration offers connected with smart city initiatives.