Smart cities represent a future in which advanced technologies converge to improve urban life. As we are halfway through 2023, cities around the world continue to adapt and evolve to stay update with the newest technological breakthroughs and suit the demands of their residents.
Cities are becoming smarter not just through automation of day-to-day tasks but also through the ways these processes are monitored and evaluated for optimal resource use, cost reduction, operational effectiveness, and quality of life. Globally, engineers are turning to technologies including 5G, cyber-physical systems, and data analytics to find new approaches and solutions that will transform city transportation, energy and water consumption, waste management, and a variety of other infrastructure issues that underpin city operations and urban citizens’ lifestyles.
Artificial intelligence (AI) and machine learning (ML) technologies help smart cities empower individuals, businesses, or systems to be self-sufficient and futuristic. AI-enabled intelligent machines driven by machine learning create cyber-physical space, encompassing traffic sensors, medical monitoring, industrial automation, video cameras, environmental sensors, and smart meters.
The global smart cities market is estimated to reach $1024.4 billion by 2027, growing at a 14.9 percent CAGR between 2023 and 2027. This growth can be attributed to increased mobile subscriptions, internet penetration, and organizations’ adoption of innovative technologies.
This edition of Govt CIO Outlook delivers a bird’s-eye view of the recent developments in the smart city arena and insights into how organizations are aligning with these trends and adopting lucrative ways to bring the futuristic vision of the smart city to fruition.
We have curated thought leadership articles from industry experts, including the Director Of Information Technology, Rolland Kornblau of the City of San Bernardino & the Chief Innovation and Technology Officer at the City of Spokane, Eric Finch.
We also took a deep dive into the market trends to narrow the list of companies delivering innovative smart city solutions. Equipped with innovative technological capabilities, companies like Frogparking help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Govt CIO Outlook‘s smart city solution providers helps you build the partnership you and your organization need to foster an environment driven by efficient technology.
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