According to Wikipedia ‘A Smart city is an urban area that uses different types of electronic Internet of Things (IoT) sensors to collect data and then use insights gained from that data to manage assets, resources and services efficiently’. Responsive technologies therefore play a key role.
The Smart City concept integrates information and communication technology (ICT) including AV, and various physical devices connected to the IoT network to optimize the efficiency of city operations and services and the engagement of its citizens. This combination of technologies is used to enhance the quality, performance and interactivity of urban services, to reduce costs and resource consumption and to improve communication between citizens and government.
By 2016, smart city technology spending across the globe had reached $80 billion. Growth since has been so significant that the smart city industry is now projected to be a $700 billion market by 2021, a substantial increase driven by its compelling business case.