smart cities
A new World Bank report showed that by embarking on a low-carbon growth path, China’s cities can help reach the country’s targets for reducing the energy and carbon intensity of its economy, and become more livable, efficient, competitive, and ultimately sustainable.
The global smart cities market is expected to reach more than $1 trillion by 2016, at a compound annual growth rate (CAGR) of 14.2 percent, a new market research report by MarketsandMarkets showed.
Citi, IBM and Streetline recently announced a $25-million credit facility to fund innovation in parking and help transform cities around the globe.
IBM has selected 33 new cities worldwide to receive the IBM Smarter Cities Challenge grants during 2012.
While the impact of technology is already immense in the Asia-Pacific, opportunity is much larger for doing more in the coming years as governments start to look at ICT to drive innovations and growth.
A new Frost & Sullivan analysis finds that machine-to-machine (M2M) communications in Europe increased almost 60 percent year-on-year to reach approximately 20 million SIMs in 2010 and telecommunications companies are playing a significant evolution in its growth.
Things are looking a bit rosy for Thailand these days. On the day it elected its first female premier, the Thai Government Public Relations Department announced the selection of 10 cities to serve as prototypes for its "Creative Thailand" project, which aims to increase the value of Thai products and services to strengthen the economy.
Although new technology is viewed as a solution to growing urban problems, significant institutional barriers to creating ‘smart’ cities remain, according to a new report released by research firm Ovum.
The creation of new cities primarily in the developing world undoubtedly puts a strain on government resources and has wide-ranging implications on how governments manage urbanization and how the mass of city dwellers will get to live in the new urban spaces. Dr. Steve Hodgkinson, research director, Ovum Australia and New Zealand, says that technology can, and should make a difference in cities in the same way it makes a difference to organizations.
Mahindra & Mahindra Ltd. and Cisco recently signed a comprehensive memorandum of understanding for collaboration on go-to-market strategies in areas that include smart cities, virtual dealership, sports and entertainment, and cloud services.
