Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024)

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Economic Benefits of Smart City Technologies for Energy Management

Authors
Junyue Li1, *
1Chinese International School, Hong Kong, China
*Corresponding author. Email: broncos.xph@gmail.com
Corresponding Author
Junyue Li
Available Online 21 October 2024.
DOI
10.2991/978-94-6463-548-5_14How to use a DOI?
Keywords
Economic benefits; smart city; technology; energy management
Abstract

The increasing urbanization and demand for sustainable development have positioned smart cities at the forefront of modern urban planning. This essay explores the transformative impact of smart city technologies, specifically the Internet of Things (IoT), Artificial Intelligence (AI), machine learning, and data analytics, on energy efficiency and economic development. Smart city technologies enable real-time monitoring, predictive maintenance, and data-driven decision-making, which could lead to significant improvements in energy management. By examining the integration of these technologies in smart cities, this paper highlights the resulting economic benefits, including cost savings, job creation, and increased investment attractiveness. Case studies and world examples provide practical insights into the successful implementation and outcomes of smart energy initiatives. Ultimately, this essay underscores the pivotal role of smart city technologies in fostering sustainable urban development and calls for continued innovation and investment to realize their full potential.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
21 October 2024
ISBN
978-94-6463-548-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-548-5_14How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Junyue Li
PY  - 2024
DA  - 2024/10/21
TI  - Economic Benefits of Smart City Technologies for Energy Management
BT  - Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024)
PB  - Atlantis Press
SP  - 107
EP  - 114
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-548-5_14
DO  - 10.2991/978-94-6463-548-5_14
ID  - Li2024
ER  -