Smart cities are here to stay and are the future that would mold the human civilization eventually and gradually. The concept of smarter things and connected infrastructure are misinterpreted in a narrower sense whereas the smart city market of tomorrow would engage visitors, businesses, citizens, and governments in an intelligent connected ecosystem. The aim for the greater good is a higher quality of life and a better city service. The smart cities of tomorrow would emphasize more on e-governance to enhance the speed of decision making by using data, design and digital and making the overall process smooth to better the citizen’s experience.









“Data is the next crude oil” quoted by one of the most renowned businessman Mukesh Ambani. This would bolster the next phase of growth for any economy. The backbone of smart cities would be how well could the governments channelize and manage the generated data for the betterment of the economy. There has been a growing trend seen these days where data is decentralized at the hands of the end-users to bolster the decision making. Albeit, the aim still would be the same that is for business to seek growth opportunities and creating sustainable environment for people to thrive while balancing both in tandem. The collective data generated is channelized for the betterment of the citizens by enhancing the entire ecosystem to create solutions for some of the toughest urban problems.





Smart city market are generally conventionalized in a narrower perspective





The main focus for the stakeholders of a smart city is to understand that connecting the mere physical elements is just a part of the larger picture of smart cities. The up gradation of infrastructure using sensing technologies and data analytics to manage all the physical and tangible assets of the aspects of the governance would be considered as connected infrastructure.





Cities across the globe have that have not yet boarded the smart city bandwagon, this connected ecosystem for the emerging economies would sound quite overwhelming and a powerful vision. Connected sensors that is used to gather data is used to optimize the services and performance of their physical infrastructure which plays a vital role to build the smart city market overall ecosystem, all this for the cities that are yet to progress in the smart city initiative taken by governments across the globe. The instances for better optimization of these physical sensors are smart street lights, trash receptacles and smart parking sensors; apart from these the culmination of the entire bouquet of services that are attached with it are public transit, wastewater systems, and roads.





What are smart cities necessary?





Smart cities are the engine for growth of any economy and would contribute to a very large extent of the country’s GDP. According to World Bank, 750 cities around the globe found that from 2005 through 2012, economic growth in 72 % of cities outpaced their respective national economies. By 2025, the world’s top 600 cities are expected to account for 60 % of global GDP. London today accounts for almost a fifth of the United Kingdom’s gross product. In the United States, the Northeast corridor (Boston to Washington, D.C.) and the Los Angeles metropolitan area together account for nearly a third of the national GDP. Those stats above have a testimony to say that smart cities are very important growth engines and economic catalyzers and a hub for economic activities that would help post good and healthy GDP numbers.





Added to the complexity of such population outbursts and urban areas across the globe. Cities that are incapable to handle such enormous growth would see negative growth factors that would act against it in the long run. This is a global phenomenon that is being witnessed across the globe. Rapid urbanization has its own negatives that includes sudden influx of population at city centers that were not designed for such enormous growth. The implications of smart cities would help avoid such complexities in the future and would diversify and re-route the entire growth systematically without causing any disruptions to the ongoing economic activities. There is a very instance when considering Indian cities such Bangalore and Pune coupled with the Mumbai metropolis. These cities are still plagued with the constant influx of people in search for a better lifestyle and better standard of living; the points that smart cities are meant to have solution for.





The analysis in the final conundrum is smart cities are increasingly driving the growth of cities by attracting the individuals those are skilled and talented that constitutes expertise in various fields to migrate to the urban centers. This has allowed for the important amalgamation of the co-existence of technology, man and machine made to serve the mankind’s existential purposes.











Contact:

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