Smart city spending to reach $20 billion by 2020
As more and more people flock to urban centers, the idea of smart cities has increasingly captured the mind share of civic leaders and planners around the world.
Consider that cities already are responsible for approximately 70 percent of global energy consumption and greenhouse gas emissions, according to some estimates, and you can see why city planners are scrambling for some semblance of control.
"City leaders face the continuous challenge of meeting rising citizen expectations within tight financial constraints," according to a smart cities report that Pike...
7 March 2013
Source: South China Morning Post 17 April 2014