The World Bank forecasts that the global urban population will double its current size by 2050, significantly straining urban systems, including transportation, housing, public services, and the environment. Fortunately, recent breakthroughs in artificial intelligence (AI), the Internet of Things (IoT), robotics, and the expansion of 5G networks are perfectly timed to introduce innovative solutions to these challenges. As of 2023, the worldwide market for smart cities is valued at $748.7 billion, with expectations of a 25.8% annual growth rate through 2030.
These innovations promise to transform our urban centres into the futuristic “smart cities” we envision, though the exact implications of such transformations are yet to be fully understood.
“At the heart of the evolving smart city landscape is AI, heralded as the key driver of future developments”, said Gary Yeung, Founder and President of the Smart City Consortium. This platform, comprising businesses, academics, professionals, and government figures, has been at the forefront of smart city innovation for the past decade. Yeung emphasises that AI facilitates the analysis of vast datasets collected by IoT devices and underpins the development of novel applications crucial for advancing intelligent cities. He advocates for a balanced approach to innovation that prioritises sustainability and efficient energy use, underscoring the collective responsibility in achieving these goals.
France is spotlighting its commitment to green mobility at InnoEX, with over 30 French firms joining forces to explore future opportunities and trends. This initiative builds on a decade-long partnership with HKTDC, highlighting France’s efforts in sustainable urban development, mainly through ambitious carbon neutrality targets and significant investments in cycling infrastructure.
Also Read | Smart Cities Mission: Over 6,000 Projects Worth Rs 1.16 Lakh Crore Implemented
Yves le Reun of SuperTooth shared insights into adapting to changing urban mobility trends, noting a shift in product development to cater to a growing cyclist population. SuperTooth’s innovative open-ear Bluetooth headphones exemplify the adaptable solutions emerging in response to evolving regulations and consumer behaviours.
