It is time for the world to become a lot smarter. Smart technology is a catch-all term that covers a variety of applications. Video cameras and sensors could be used to monitor traffic patterns and route drivers around bottlenecks. Computer chips in bridges could signal when repairs are needed. Wireless technologies could collect data on electricity usage throughout a city. Smart infrastructure promises to make the world more productive and competitive, while helping the environment and saving lives. Not only that, but it will save money by making what we've got work better and break down less often. These systems would improve productivity in the long run.