What do organizations do when faced with declining revenues and increased costs? Some of them cut to the bone, stressing their chances at future growth. Smart ones invest heavily in technology, looking for ways to automate, become more efficient and use data to drive insight and innovation.
Investing in expensive technology may appear like a counterintuitive strategy in a budget crunch. But leading urban planning experts say that’s exactly what cities should do in the face of lagging tax revenues and increased costs from the COVID-19 pandemic. A recent report from the law firm White & Case echoed that sentiment, noting that the COVID-19 pandemic presents a “whiteboard moment” to accelerate new technology for modern cities.
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