Smart cities’ future infrastructure will rely on the analysis of data relayed by the sensors in buildings, infrastructure, transportation, and power grids, enabling city authorities to make critical decisions in real-time.
The foundation will be smart city applications and platforms, whose governance, agility, and flexibility will be what makes a smart city smart.Listed below are the top macroeconomic trends in smart cities, as identified by GlobalData.
A more human approach
The term ‘smart city’ implies a strong focus on technology. However, most ambitious cities recognise that becoming smart isn’t just about the technology but about the benefits it brings on a human level.
Over the past few years, the smart city approach has changed markedly. Instead of being driven by technology, leaders of smart cities now understand that technology is only the enabler for reaching governmental, economic, and societal goals.