Shift in smart city focus amid growing budgets

The focus of smart cities has changed, becoming more ambitious as budgets increased to trillions of dollars overall, unaffected by COVID-19.
 
This is according to market research firm IDTechEx, in its 2020 Smart City Highlights report, which notes the original concept of smart cities was based on widespread deployment of information and communication technologies such as the Internet of things and 5G.
 
However, in 2020, smart cities have been pivoting to reinvented hardware and associated systems, says the research firm, adding there is a realisation that these may take up to 90% of the investment.

“That means smart buildings even in the sea and in deserts. It means new forms of transport, such as autonomous cars travelling at speed in underground tubes (Elon Musk Loop).”
 
The report comes as SA is building a new South African city driven solely by smart technologies, which is taking shape in Lanseria, Gauteng, as highlighted by president Cyril Ramaphosa during his State of the Nation Address earlier this year.

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Source: 
IT Web

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