Vision of Future Smart City
A smart city uses digital technologies to enhance performance and wellbeing, reduce costs and resource consumption, and engage more effectively and actively with its citizens.
Key "smart" sectors include transport, energy, health care, water and waste. A smart city should be able to respond faster to city and global challenges than one with a simple "transactional" relationship with its citizens.
Interest in smart cities is motivated by major challenges, including climate change, economic restructuring, the move to online retail and entertainment, ageing populations, and pressures on public finances.
The European Union (EU) has devoted constant efforts to devising a strategy for achieving "smart" urban growth for its metropolitan city-regions. Arup estimates that the global market for smart urban services will be $400 billion per annum by 2020.
Notable "smart" cities include Chicago, Boston, Barcelona and Stockholm, and there are currently at least 1000 projects in development to advance and mature the technologies.
We hope that we can contribute to the vision of a smart city as well. We are currently researching the technology and are looking into ways of implementing our Smart IoT Solution to ultimately create advanced solutions for the concept.