Thank you very much.
I think we also need to look at the tools that are available to the federal government and at how a strategy might guide the better implementation of those tools. We've heard from both my colleagues here about the need for flexible regulations that allow for experimentation across different products and technologies, and the availability of test beds across different communities. But this needs to be tied in at the federal level to decisions we're making about substantial infrastructure investments, and it needs to be tied into decisions we're making about how we structure the regulations around urban living for the foreseeable future—and I'm going to underline urban living as separate from transportation. While Mr. Kirk painted a picture of 2020 and then 2030 and then 50 years from now, I think we're really in a much more accelerated time frame.
We're going to be looking at a vision in which urban centres and communities will be changing fundamentally. The infrastructure investments we're making around concrete and asphalt and telephone poles won't meet the challenge of having a truly implemented smart-city strategy across the country.
Where the federal government can land is identifying those areas in which there needs to be intense concentration on the cost-benefit analysis and what the federal government can do to reduce the cost and amplify the benefit in partnership with both community governments and organizers, and then the private sector. It is a fundamental challenge.
Unfortunately, there are many companies that are working in the space of connected cities, connected communities, smart cities, or automated vehicles, but they don't have the datasets and they don't have the resources to do the fundamental quantitative analysis around the impact that will inform decision-making for hundreds of billions of dollars in the near future.