INFOGRAPHIC

Examining Smart Cities

£7.4

The Potential Upside of Tech-Enhanced Living

in cost savings and productivity gains per £1 invested in IT

June 2008

Singapore

IBM coins the term smart cities, officially using it as the name in one of its campaigns centered around smart urban development.

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Currently ranked as the number 1 smartest city in the world. Click to learn more about why.

Projected market size for smart cities by 2030:

What is a Smart City

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$7 trillion

Smart cities, as defined by IBM, are technologically modern urban areas that use different types of technology and sensors to collect data. Information gained from data is used to provide and manage the resources within a city. Click to learn more about smart cities.

Translating to a CAGR of 24% over the span (Lenore et al., 2022)

20 sec/min

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Estimated reduction in emergency response time

Despite the upside that can be introduced by the use of IT and IoT within city development, there are plenty of tradeoffs that must be discussed and considered prior to integrating smart solutions. Some of these relate to ethics, privacy, and safety -- all of which directly impact the Sustainable Cities and Communities UNSDG goal.

Enhanced stakeholder interactions

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