By Brad Smith
Currently, 55 percent of the entire world’s population lives in urban centers, and this proportion is expected to move to 68 percent by 2050. While increased population comes with advantages such as the expansion of the tax base, upsurge in consumer spending at neighborhood businesses, and increased labor force, it causes a big strain on resources and the environment.
With the number of interconnected devices becoming more and more every day, the IoT technology can help us mitigate the negative results of urban migration through smart city technology. Let’s look at some of the worldwide smart city trends and their benefits.