Transcript 0:00 Talk to me. Information, news and entertainment on demand. WUSradio.com [on-hold jingle] 0:14 Welcome to The Peggy Smedley Show, the voice of IoT in our connected world, with your host, Peggy Smedley. [on-hold jingle] Hello, listeners, and welcome back to The Peggy Smedley Show. 0:27 You know, in the year twenty thirty-five, c-cities will most likely operate a little bit differently than you and I know them now, right? 0:36 And, uh, maybe not, but I guess the question I'm gonna ask you, what will they look like? You know, I will answer that, I think, on this segment right now. At least I'm gonna try to. 0:46 And I've been thinking about this because innovation and the adoption of the Internet of Things, artificial intelligence, machine learning will change how cities are gonna look in the future. 1:00 And this will span from manufacturing, let's say to retail, to healthcare, to transportation, what we call mHealth and everything in between. So think about that for a second. 1:13 Autonomous vehicles make up one of the most exciting areas that we all talk about and the potential for change facing society in the next few decades. Now, I want you to give that some thought for a second. 1:26 In fact, we see analysis from Boston Consulting Group, BCG, that shows more than twelve million fully autonomous vehicles and eighteen million partially autonomous vehicles will be sold each year across the globe by twenty thirty-five. 1:44 Seems crazy, right? At least those numbers do to me, but maybe not. 1:48 So the market value for autonomous vehicles will likely reach something about forty-two billion in twenty twenty-five, and that's gonna skyrocket to seventy-seven billion by twenty thirty-five. 2:01 I don't know what that means for the car companies or the tech companies, but I see it all coming. I see it. But, but as consumers and government, are we all ready for this transition? 2:14 Gartner suggests fifty-five percent of consumers would not ride in a fully autonomous vehicle for reasons that incl-- concerns about safety and security. We're not there yet. 2:26 Legislation, though, that allows more aggressive testing and deployment of self-driving cars might change all that or might help all that r-- So we saw this begin or to come to fruition earlier this month, and, and I mentioned it briefly, uh, on the show already, and the U.S. 2:44 House of Representatives unanimously approved H.R. 3388. 2:50 Now, the interesting thing, this is known as the SELF DRIVE Act, and it still needs to go out to the Senate, but it could change how we design and construct vehicles in all of our cities in the future. 3:02 Now, as I said before, this act may be in response to automakers unrest over state laws that have held back more widespread vehicle deployments, but often it is concerns about safety that push these things. 3:15 However, many in the industry will agree that autonomous vehicles will save lives by reducing traffic incidents and injuries and any kind of accidents and even fatalities. 3:26 But in order to help the industry take the next few steps, the SELF DRIVE Act aims to give federal officials the power to set the standards instead of the individual states. 3:37 So this includes safety assessments for self-driving vehicles. So think about this. 3:42 By giving the power to federal authorities, it will help kind of propel some of the roadblocks for automakers and some of the cities in the future. 3:52 So now I want to make it clear that the act does not prohibit states from maintaining or enforcing or even prescribing laws and regs regarding non-performance standards of autonomous vehicles. 4:05 But I do think this act will help set guidelines for self-driving vehicles. 4:11 So if this legislation does become law, it could kind of provide kind of this framework for future growth for self-driving vehicles by replacing dozens of different state set rules with clear federal kind of guidelines and setting kind of the standards here. 4:29 But so with that in mind, I thought for this final segment of the show today, I could look to the future eighteen years ahead to be exact. 4:38 And so I'll answer that question, what will smart cities look like by twenty thirty-five? Well, I think this legislation helps set that stage. And in the year twenty thirty-five, we'll have unmanned vehicles. 4:52 I mean, think about it. We'll need to teach our children and our grandchildren how to operate autonomous vehicles. Now think about this. 5:00 Driving schools will certainly become very different than they are or have been in the past, right? So think about this. However, this trend extends far beyond just cars. Now give this some s-consideration. 5:11 In the future, our streetlights, our wastewater, our buildings, our roads, our bridges, our traffic signals, our parking spots, even like what you heard Vince say, our sidewalks, our driveways will all be connected in some way. 5:28 So data will be shared from one system to the next to help make real-time decisions. So research suggests this smarter city is becoming faster than most of us ever imagined, than we ever could have thought of. 5:43 So in fact, a report shows the market will grow almost a little over twenty-four percent, twenty-four point four percent to be exact, in the next decade. 5:53 So this is because of a number of trends, including the growing demand for integrated security and systems for enhancingPublic safety. 6:02 So we'll have smart roads, again, smart railways, parking management, traffic management, and automated driver guidance systems. 6:10 So we'll also have predictive analytics, which we've talked about forever, for transportation systems for such as things like buses and freight and so much more. 6:21 But I believe we'll also see the rise, which we've been talking about, for smart healthcare and smart education and smart mHealth in rural and urban communities. 6:33 So all of this ties into that smart city, and it's coming, and that's what we need. So however, to create this connected smart city of the future, what are we gonna need? We have to address some of these big... 6:46 the elephant in the room, right? The couple of factors. 6:49 And two of the biggest concerns, which we always talk about, which everybody hates, there's the elephants, maybe we have two elephants: cybersecurity and funding, right? 6:59 So on the cybersecurity front, we're gonna need to perform quality inspections and plan around the life cycle of smart infrastructure, 'cause that's always there. And we also need to process data with privacy in mind. 7:12 I mean, that's gonna always rear its ugly head, you know? And we always gotta think about that. But data security needs to be at the forefront of the smart city initiative. 7:22 And at the same time, we're also gonna need the number one thing that comes up all the time, money, investment, right? I believe we're also gonna see more public and private partnerships. 7:32 We're never gonna be able to fund this without those three big things, the three big Ps, public-private partnerships, and this will be essential to get smart city initiatives off the ground because the cities aren't gonna be able to fund this by themselves. 7:46 So what we'll see that smart city thing happen, how's it gonna look like in twenty thirty-five? What will it look like? 7:54 It will be a world in which our homes talk to our cars, and our cars talk to the roads, and the roads talk to the buildings, and of course, the buildings and all these cars talk to what? The infrastructure. 8:09 That's so cool, right? And it'll be a world in which we have greater access to predictive data to help make better decisions. It'll be a world that is safer and more productive. Think about it. 8:22 It will look very different than the world we are living in today that is not connected. Think back just eighteen years earlier, before smartphones as we all know them today. We weren't connected. 8:35 It was a very different time, right? We hear that all the time from our grandparents and our parents' parents, and it was a very different time. You know, the potential for the next eighteen years is incredible. 8:48 It's huge. But we need to address the security, we need to address the funding considerations that are out there. 8:55 And I think this new legislation, like sometimes we don't like to think about legislation, just might be the first step forward and even toward creating more connected cities that are now talking about, and that's we're talking about right here this month. 9:13 It is certainly an exciting time. And I'll continue to cover it here because I think it's, it's exciting. Okay, listeners, that's it for our edition of The Peggy Smedley Show. 9:22 Remember, we are broadcast live every Tuesday at twelve PM Central. I want you to check out our website at connectedworld.com or The Peggy Smedley Show at thepeggysmedleyshow.com. 9:33 And as always, you can share your thoughts with me on Twitter or ask me any kind of question you want at thepeggy_smedley or at connectedwmag. Thanks for listening as always. 9:44 This is The Peggy Smedley Show, the voice of IoT. And remember, with great technology comes great responsibility. Have a great week. 9:52 [upbeat music] With great technology comes great responsibility. 10:05 Follow Internet of Things tech expert and futurist Peggy Smedley, repeatedly ranked as a top IoT and M2M influencer. 10:13 Go to peggy_smedley on Twitter for her take on the latest tech news and lively interviews with other industry insiders on her weekly radio show. Visit twitter.com and search for peggy_smedley to follow her today. 10:28 [upbeat music] Video consumption is on the rise. So to reach this audience, Constructek Magazine created Constructek TV. 10:39 Constructek TV helps construction professionals leverage emerging solutions to better their business. Tune in to constructek.tv to catch the latest show on the first and third Tuesday of each month. 10:50 Like, view, and subscribe to constructek.tv, bringing dynamic video to construction. [upbeat music] Signal to noise, an electronic term with new relevance on the internet. 11:05 Connected World Media cuts through the noise of data overload and finds you the signal of important information, information that will keep you current and aware of context in the Internet of Things. 11:16 Peggy Smedley shares her insights on The Peggy Smedley Show and in Connected World Magazine, all online at connectedworld.com. 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