In their efforts to achieve the highest possible efficiency, big cities struggle to appear among the list of the leading Smart Cities worldwide. This is a relatively new term, its first mention was way back in 2004 when more than 30 companies from different sectors came together to create a ‘Digital Community’ but what exactly is a Smart City?

A Smart City is a city that applies new technologies to manage basic needs, economically, socially and environmentally. By 2050 it’s reported that 70% of the world’s population are expected to live in cities and that the number of citizens are only expected to increase each year. Therefore, due to issues with limited resources, it has now become paramount that we reinvent the way resources are managed.

A smart city can be developed in different areas: including the environment, mobility, governance, the economy, people and housing. If all these areas were to be combined, a Smart City would achieve its main objectives; total inclusion of the citizenship independent of their status, complete transparency by public administration and an optimal distribution of energy, resources and water.

The final step in completing the objectives of a Smart City is clustering, that is, the city is specialised in a specific subject and becomes the symbol of it. For example, the Finnish Lappeenranta carries out the Green Energy Showroom (GES) every year.

In 2018 there has already been a number of cities that have begun to adapt to this new challenge. For the second year running, New York has been declared the smartest city in the world, according to the IESE Cities in Motion Index. London and Paris also made it to the top of the list behind the big apple, ranking at second and third place respectively.

Followed by 4) Reykjavik (5) Singapore (6) Seoul (7) Toronto (8) Hong Kong (9) and Amsterdam (10.)

Europe is the geographical area with the most worldwide ranking smart cities.

This movement is advancing at a staggering speed, but it has only just begun, and that is, by 2025, an investment of up to 3.65 billion dollars is expected to be put into the Smart Cities market. So take a look at your city, is it already smart?

Written by: Brintias Team