Business Building Business
SMART CITIES
The next generation of urban Energy evolution is here. Moving beyond just connected infrastructure and smarter things, the smart cities of tomorrow engage Governments, Citizens, Visitors, and Businesses in an intelligent, connected ecosystem. The goal: better city services and a higher quality of life. This evolution, Smart City 2.0, enhances citizens’ experience and city decision-making using the 3Ds—data, digital, and (user) design. The focus of Cities is to, create livable environments where people and businesses can thrive. This remains the same but the ways to achieve that goal a rapidly transitioning. Increasingly, cities are putting data in the hands of end-users to drive better decision-making. They tap into the collective intelligence of their constituents to create solutions around some of the toughest urban problems. They adopt a platform approach that enables constituents to use technology to reimagine core city operations. These shifts democratize the development of cities and upend the traditional roles of governments, businesses, and residents. With governments evolving into
solution enablers, businesses becoming more participative, and a growing cadre
of citizen co-creators, tomorrow’s smart cities will be more connected, networked,
and collaborative.
Cities all over the World are leveraging Data and Technology to create efficiencies, improve sustainability, foster economic development, and enhance the overall quality of life for residents and visitors alike. ‘Smart Cities’ rely on the Internet of Things (IoT) to collect and analyze data such that city resources and assets can be better distributed across the broad range of their alternative uses. The focus of any smart city should be its people, providing benefits such as:
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A better quality of life for residents and visitors
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Economic competitiveness to attract industry and talent
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An environmentally conscious focus on sustainability
Smart City Market
2021
01
The global Smart Cities market will grow from approximately 410.8 billion U.S. dollars in
2020 to 820.7 billion U.S. dollars in 2025, with a 14.8% CAGR.
-Global News Wire
03
The projected global revenue for Smart City technologies, products, and services in 2021 is 129
billion U.S. dollars.
-Statista
05
Asia-based IoT and Smart City firms have a projected revenue of 42.96 billion U.S. dollars for 2021.
Indeed, Asia will likely see its Smart City revenues triple from 2020 to 2025.
-Statista
02
Globally, technology spending on Smart City initiatives is expected to double from 81 billion U.S.
dollars in 2018 to 189.5 billion U.S. dollars in 2023.
-Statista
04
Currently, roughly 26% of global spending on Smart City technology initiatives is in the United States.
-Statista
06
China is currently deploying approximately 800 Smart City programs country-wide.
-Otonomo
Smart City 1.0
Cities have upgraded their
infrastructure, using sensing technology and data analytics to better manage urban assets
such as public transit, wastewater systems, and
roads.
Smart City 1.0— Starter
physical assets networked via:​
Sensor Technology that Generates streams of valuable Data from “Smart” Parking Meters, Streetlights, and even Trash Receptacles.
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Connected Sensors & Collected Data can Optimize Cities Performance Physical Infrastructure, and are a key part of what it takes to build a smart city.
Smart City 2.0
Next Generation of Urban Evolution moving beyond mere Infrastructure, and tapping the Wisdom of Residents and Visitors.
Smart cities of tomorrow will involve not just Government, but Citizens, Visitors, and Business in an Intelligent, Connected Ecosystem’s built on a Sensor-Based Physical Infrastructure.
Goal: Enhance Better Decision Making Through Data for All Stakeholders
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Governments
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Businesses
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Residents
Smart City 2.0— Advanced
Focuses on Enhancing the Citizen Experience by operating at the intersection of the 3Ds:​
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Data
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Digital
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And Human-Centered Design
Smart City Urbanization Trends
2021
01
As of 2008, around 50% of the world’s population lived in cities. By 2040, this number is expected to rise to 65%.
03
In 1975, there were just three megacities (+10 million citizens) across the globe: New York, Tokyo, and Mexico City. Today, there are 21 megacities worldwide, with 29 expected by 2025.
05
The top 600 urban centers generate approximately 60% of global GDP.
-Postcapes
02
It’s estimated that, each week, 1.3 million people move into cities.
-Postcapes
04
There are already more than 500 cities globally that have at least 1 million inhabitants. For the sake
of comparison, in 1900, there were just 12 such cities.
06
Cities consume between 60% and 80% of the world’s energy.
Technologies that Seed Change in Six Urban Domain: Economy, Mobility, Security, Education, Living, and Environment.
Examples of
Success
The SmartSantander project in Santander, Spain
The SmartSantander project in Santander, Spain, provides an early peek into how data and two-way flow of information allows the city to unleash tremendous value, creating an information ecosystem that benefits all participants and citizens. Transitioning a city into a more Environmentally Sustainable, Economically Attractive, and Responsive Environment that provides a better quality of life to its residents.
The SmartSantander project in Santander, Spain
In addition to the 20,000 sensors the city has installed, residents can turn their smartphones into sensors by down-loading the “Pulse of the City” (PoC) app. Becoming, in essence, mobile intelligent sensors for the city, citizens play the role of “prosumers” in the SmartSantander project. City officials can analyze data in real-time to adjust energy use, the number of trash pickups needed in a given week, and even how much water to sprinkle on the lawns of city parks. Critically, citizens can also tap into that data via the PoC app and use it for their daily needs. Commuters can access real-time traffic information to plan commutes and know when the next bus is due. An asthma patient can plan her day to avoid areas of high pollution, while a driver can use the app to track the progress on requests filed for road maintenance. The city has also made the information available to developers to create consumer services. For example, SmartSantanderRA, an augmented reality mobile application, includes information on more than 2,700 beaches, parks, and other city sites.
EcoTech Smart City Market Avenues
Building Smart Cities Through Implementation of Smart Buildings, IoT, Sensors, Renewable Energy Sources, & Policies
EcoTech Smart City Market Avenues
In an era of explosive growth, emerging technologies will shape the way cities change. Residents and Businesses are a central role in driving the future of our Cities, with Governments enabling their participation.
GOVERNMENT
Business, Nonprofits, Social Enterprises, & Institutions
01
Look for opportunities to partner with cities. Look for initiatives that match organizational goals. The growing ecosystem of Private Business Sectors shows us how nongovernmental players can play an important role in driving smart city initiatives
02
Look beyond just financing smart city initiatives. Identify opportunities that could add value to both the city as well as business. Balancing the risk and reward between public and private entities will be critical.
Residents & Citizens
01
Take a proactive role as a Leading Co-Creators in shaping smart city policies and initiatives.
02
Be conscious and vocal about the change that smart city transformation will entail. Provide a better understanding of emerging technologies and identify their implications to security and privacy.