According to estimates from the World Health Organization, seven in 10 people will live in cities by 2050. Large modern cities depend on efficient and reliable elevator systems. Developments in the digital world will now see the “internet of things” further optimize their availability.

Globally, the growing number of high-rise buildings has escalated the demand for quick, comfortable, efficient, and secure vertical transportation systems. Moreover, global green infrastructure standards and statutory requirements are instrumental in compelling the deployment of smart elevators in new structures as well as current infrastructure. The concept of the smart…