Ted Vitale is an experienced construction executive who has worked in the Chapel Hill, North Carolina, construction industry for over 15 years. Leveraging more than 25 years of industry experience, Ted Vitale serves as a construction executive at a leading construction organization in Chapel Hill, where he provides construction and management services to various sectors, including retail and commercial developments. He also collaborates with executives and stays up-to-date with the latest trends in the industry to ensure project success.
One of the noteworthy trends poised to revolutionize the construction industry is smart cities. Smart cities comprise buildings and infrastructures built with the Internet of Things (IoT) and sensors capable of collecting and transferring data. In a smart city, authorities seamlessly handle traffic control and hazard elimination tasks. For example, a smart city can deploy IoT-based smart traffic lights and sensors that detect and adapt to heavy traffic, modifying the duration of green lights as necessary.
Global investment in smart cities is already substantial. In 2020, global smart city projects totaled $124 billion. According to market intelligence provider International Data Corporation (IDC), smart city investments will rise to $203 billion by 2024.
