By 2050, over 80% of the population in developed countries is expected to have moved to cities. This number is expected to be over 60% for the developing world. The creation of smart cities enables a smooth transition to urbanization through the most optimal utilization of resource to maximize value for the participants in the ecosystem. This value may be extrinsic as in financial, or intrinsic such as an improvement in the quality of life, health, convenience, a reduced environmental footprint or savings in time.

What are some technologies that will be most impactful to the evolution of smart cities?

Although there are many more technologies that impact smart cities than covered in this report, this report has aimed to outline the ten technologies that are believed to be most impactful from a variety of tech spaces. Among these are

ADAS, which will improve driver connectivity and safety, and enable smart parking solutions Distributed energy generation, which leads to much greater efficiencies in energy management Smart glass, which helps to reduce the environmental footprint of a smart city Wearables, which leads to real-time tracking of health and fitness, and improved patient outcomes Personalized Medicine, to move from a “one-size-fits-all” healthcare model to a more targeted approach High-strength, lightweight materials, which leads to a reduced environmental footprint Robotics, which are expected to increasingly automate dangerous and routine tasks AI, which is expected to create predictive and prescriptive insights from data Small Data, which enables more efficient resource utilization Vertical farming, which will help combat space constraints and weather-related failures