When are smart cities happening? This is happening now.Who do smart cities affect? It affects everyone on the planet.Making these cities better places to live is essential to quality of life by making them more sustainable and efficient with streamlined services. Why do smart cities matter? The world is becoming more urbanized, and by 2050, more than 60% of the world’s population is expected to live in cities.
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SEE: IT leader’s guide to the rise of smart cities, volume 3 (Tech Pro Research) Executive summary Read on to find out more about smart cities and what it means for the future. The new spending guide is a powerful tool to help vendors identify where the best opportunities lie for each specific use case now and over the next several years.”Ī truly smart city improves the quality of life for citizens and visitors, and while a smart city can be many things, just as with humans, some are smarter than others. “IDC believes that the strategic priorities we identified will drive digital transformation across cities of all sizes, but our research demonstrates that there can be significant differences in the focus of investments across regions. “Smart cities have recently evolved from a collection of discrete flagship projects to a sizeable market opportunity that will drive significant technology investments in 2018 and beyond,” said Serena Da Rold, program manager in IDC’s customer insights and analysis group.
The IDC defines smart city development as the use of smart initiatives combined to leverage technology investments across an entire city, with common platforms increasing efficiency, data being shared across systems, and IT investments tied to smart missions. Smart cities are more than a trend–they’re the wave of the future because the world is becoming more urban, with 60% of the population expected to live in cities by 2050.Īcross the globe, smart city technology spending reached $80 billion in 2016, and is expected to grow to $135 billion by 2021, according to a report from the International Data Corporation (IDC).Ĭities are digitally transforming to improve environmental, financial, and social aspects of urban life.
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