By 2050, over 70% of the world population will be living in cities covering less than 2% of the earthâ€™s surface. Never had city been so challenged and the trend continues to grow. And, this rise to many issues like rising inequality, environmental pollution, infrastructure access, traffic congestion, mobility, safety and health of residents are only a few examples.
Cities of the future should be hyper connectives, technologically equipped and smart; to improve the life of its residents. The development and combination of new technologies such as the Internet of Things, Big Data and Artificial Intelligence offer a multi and fast solution to transform cities to promote economic development, improve infrastructure & environment, enhance public services, engage with citizens and optimize costs of managing public assets.
Smart City utilises technologies and connected data sensors to enhance and become powerful in terms of infrastructure and city operations. This includes monitoring and managing of public assets, transportation systems, citizens, power plants, water supplies, information systems, civil bodies, and other community services. As per the new study from Navigant Research, the global market for smart city services is expected to reach $225.5 billion within the next decade.
The hosting of the second edition of Cities 4.0 in Kuala Lumpur is to provide an interactive platform for governments, municipalities, urban planners, developers, urban futurists, solution providers and innovators to converge and make positive impact in shaping resilient and sustainable cities.