The Anatomy of a Smart City in 2020
Urbanization needs optimization. By 2050, 2 in 3 people across the world will live in cities. Although cities generate much of the world’s wealth, their growth places a massive strain on our resources. According to C40, cities generate 70% of global CO2 emissions and consume two-thirds of the total energy worldwide.
To address these challenges, cities are implementing smart technologies in everything from street lamps and drones to robotics and building information modeling (BIM). Additionally, with the expansion of the Internet of Things (IoT), the value of IoT in smart cities is expected to reach $330.1 billion by 2025—up 316 percent from 2018.
Collaborating with big-name developers like IBM, Microsoft and Cisco and innovative startups, smart cities are tracking valuable data like weather, traffic, and resources and using it to optimize their energy use, utilities, safety, transportation, waste management, and public services. A smart city, then, is an interconnected hub where devices and the internet provide real-time data to the public and the municipality, improving the way people live.
Smart cities are rapidly becoming the standard of modern urban living. From implementing smart grids in public spaces, which tremendously aids in resource conservation, to adding smart electricity meters to individual homes, the adaptation of smart technology in cities is almost limitless. To learn more about the technologies used in smart cities and some inspiring smart cities around the world, check out our infographic below.
Smart cities are rapidly becoming the standard of urban living. To learn more about the technologies used in smart cities and some inspiring smart cities around the world, check out our infographic below.
Smart cities enter use intelligent technology, connected devices, and instantaneous data to solve real-world problems. From reducing energy use to alleviating traffic congestion, smart cities are positively changing the lives of urban residents worldwide.
Countries, towns, cities, and governments have realized the potential and impact of smart cities. Investment in smart cities is rapidly growing, as global spending on these revolutionary initiatives and digital technologies is expected to hit $135 trillion worldwide by 2021.
With cost, sustainability, and efficiency benefits, smart city technologies are no longer part of the distant future. They are becoming essential today for cities to thrive in the long run.
Honeywell | Storagepipe | NLC | Raconteur | New York Engineers | MIT Technology Review | Centre for Public Impact | Yale Environment 360 | Wired | Enterprise IOT Insights | Data-Smart City Solutions | Fortune | Smart Cities Council | Richard van Hooijdonk | Qualcomm | ECN Mag | IES | McKinsey