The use of Internet during the next few years will reach eye-opening proportions, and so will the numbers of people moving into urban areas, which could lead to even greater changes in how cities operate.
Smart cities are based on eight different areas: governance, building, healthcare, mobility, infrastructure, technology, energy, and citizens. It is being estimated that by 2025, around 26 cities will incorporate at least five of the eight elements which will help these cities to operate more effectively.
A main driver of the smart-city movement will be the IoT (Internet of Things). Items including low cost sensors, cloud computing, advanced data analytics and mobility will improve urban services like garbage collection or traffic and health care management.
Nevertheless, costs and current infrastructure could be the biggest hurdles to overcome for cities trying to implement smarter technologies. Current funding for these projects comes only from special development funds and public-private sector partnerships.