In 2030 the majority of the earth’s population will live in cities and this urbanisation will have great impact on the resources of cities that were often designed decades and centuries ago. Governments are acutely aware of this and have invested heavily in the digital transformation of modern built spaces to improve efficiency reduce costs and promote citizen happiness. Technologies such as IoT, AI and blockchain are converging to make cities more competitive and liveable and for the first time at Future Technology Week we will be dedicating 2 days to this transformation of the urban landscape. City administrators from some of the smartest cities in the world will converge to showcase the latest developments and give valuable insights into where and how we will be living in the cities of the future.
Quick facts & figures
- The global smart cities market size is anticipated to reach USD 2.57 trillion by 2025, according to a report by Grand View Research, Inc.
- Spending on the technologies that enable Smart City initiatives is forecast to reach $1.26 billion for the Middle East and Africa (MEA) region in 2018
The event was well organized, especially the X-Labs activity. It’s a nice feature.