- Traffic in New York City has slowed to a crawl as the roads are packed with more vehicles. While a range of tech fixes have been put in place, traffic still causes $100 billion in lost productivity each year.
- Specialized high-tech companies such as Motorola Solutions have come up with powerful solutions. That firm’s recent $1 billion purchase of a Canadian will bring Artificial Intelligence (AI) insights to New York’s traffic woes, clearing up bottlenecks before they can spiral across town. Other cities in the U.S.—and around the globe—are lining up as potential new customers for this advanced tech as well.
- Also keep an eye on the Vanguard Information Technology ETF, which owns a broad basket of leading edge tech firms that are deploying advanced hardware and software to help ease the burden on today’s cities.