Introduction to Smart City

Cities, not Countries, will drive wealth creation in the future

According to Frost and Sullivan report, 60% of the world’s population is expected to live in urban environments by 2025. It is expected that around 26 global cities and more than 90 sustainable cities will develop, which leads to the vast consumption of the world’s resources.

The increased growth of smart cities will drive the need to innovate and provide solutions to foster convergence within the city. The smart city market is growing, especially with the rapid rate of urbanization taking place, with the market expected to be a $1.5 trillion by 2020.The significant growth presents certain challenges for organisations and city authorities.

The next key discussion topics to follow are:

– Urbanisation: City as a Customer

– City as United Integrated Platform for Services and Solutions

– Connectivity and Convergence

– New Economy Vision

– Economy of Applications

– Internet-of-Things (IoT)

– Further Infrastructure Development