The spending on the technology of smart cities will be about 80 billion dollars and expected to be increased by 135 billion dollars by 2021. And these investments will spread the opportunities through which cities will be become more convenient and will be easy to sustain.
And the new report which is from IDC spending of the smart cities technology might reach to 135 billion dollars globally. These initiatives made my smart cities are known to be the most important development in the digital transformation of the public sector. There will be developed in the national economies and overall digitization efforts as cities will play a crucial role Given the crucial role, the Worldwide Semiannual Smart Cities Spending Guide quantifies this opportunity in the top 15 smart city use cases.
How City becomes smart?
There are three core values promoted by the council of smart cities:
Livability: Cities which are clean, and have healthy living conditions without any pollution and congestion. Digital Infrastructures makes the services instantly and very conveniently which is available anytime and everywhere.
Workability: cities providing the infrastructure which is enabling energy, computing, and many other essential services for competing with high-quality jobs globally.
Sustainability: Cities providing services without stealing from future generations.
We often add to this list, Measurability to understand the why decisions should be made to impact livability, workability, and sustainability.
Why does innovation matter to public leaders?
Influential cities are developing the right mix of factors such as business activity, human capital, information exchange, political engagement, and cultural experiences that help organizations and people to thrive.
While not every city is globally influential, the adoption of urban innovation can create new economic and socioeconomic opportunities for developing data-driven solutions to community issues, quality of life research, energy sustainability and asset investments.
On the demand side, people are moving to cities to look for jobs and a better quality of life. More than half of the world's population now lives in urban areas and its projected to rise to two thirds by the middle of the century. Rapid urbanization led to big problems like pollution, traffic, and crime. These all create demand for smart cities solutions.
On the supply side, access to cheap devices and broadband has connected more than half of the world's population. Add sensors and cameras and we have billions of devices sharing data the so-called internet of things.
Connected communities and cheap storage paved the way for the platform revolution we work, learn, and play on platforms that get better as they get bigger network effect.
Where does artificial intelligence help?
AI is not a silver bullet. It requires community data to be indexed, studied, and analyzed by public leaders and civil engineers first. Models must be trained to interpret and automate analysis for decision making or taking action first. How can a smarter community begin to think about AI impact? A few examples:
Emergency Routing AI can support emergency services to automate rerouting of vehicle routes for the fastest path to an incident or real-time evacuation updates
Emergency Messaging AI can connect multiple government systems and create emergency alerts to citizens or first responders based on automated rules and triggers
Population Growth AI can help model, analyze, and predict the impact of your community sustainability based on population growth
System Connectivity connect multiple disparate systems to think as one system
Public Communication public communications are managed through signals, signage, email, SMS and connected vehicles
Predictive Comparison compare investment opportunities and support decision making
Automated Intelligence will support the next generation of civil engineering and community planning.
We the city of the future will be developed over the next several years, influential global cities like New York, Paris, Singapore, and London are leading the way in the adoption of AI and smart city technologies. Initiatives will continue to focus on increasing business opportunities, governmental efficiencies, and enhancing cultural activities to improve the quality of life for residents, increase the ease of doing business, and attract more investment and attention from global companies.