Applying for grants can be a stressful process, and in the modern environment, applications need to be backed by solid data that outlines the need for funding streams.
To provide the best possible services for their communities, councils need to supplement their ratepayer income with a variety of state and federal grants.
If councils want to successfully apply for such grants – and access the revenue generation that can potentially unlock – they need to make a strong case outlining the value that will be derived through the provision of funding. All councils are fighting for the same funds, and applications need to have an edge to ensure they’re selected.
This is where smart technology comes in. Artificial intelligence of things (AIoT) technologies can find income sources where previously there were none by capturing the data councils need to make a strong business case for grant applications.
Conveying vital data points
Secure Agility is a leading provider of AIoT technology, offering integrated and tailored solutions that councils can use to record and analyse their data to better inform decisions, outline ROI potential and put together comprehensive funding applications.
For example, a large Sydney council that is poised to become the city’s third CBD has many traffic bottlenecks in its roads that need to be rectified.
The city needs to secure funding for upgrades to roads and projects like replacing roundabouts with traffic lights, but it requires an evidence base with which to seek this funding.
Secure Agility’s AIoT solutions can capture data points like traffic density, speed and near-misses, allowing the council to analyse where and why traffic is stalled or unsafe and create a case for how it can use government funding to fix the problem.
Future AIoT solutions
As AIoT technologies continue to advance they will be able to deliver more sophisticated data analysis, in a more dynamic and user-guided way.
With more closely integrated AI software, once councils have a baseline of data they can draw from, AIoT technologies will be able to produce reports that actually start to predict events. For example, users can gain insights into when upgrades will be required, and they can even talk to their data and ask questions of it to gain insights in an automated, evidence-
based fashion.
This all might seem like a far-off concept, but the reality is, AIoT technologies are getting close to providing these solutions – but to take advantage of them, councils need to start tracking their data right now, so they’re in the best place to take advantage as technology advances.
To learn more, visit secureagility.com/iot-exploration
