A smart city is a technologically modern urban area that uses different types of electronic methods and sensors to collect specific data.
Information gained from that data is used to manage assets, resources and services efficiently; in return, that data is used to improve operations across the city.
This includes data collected from citizens, devices, buildings and assets that is processed and analyzed to monitor and manage traffic and transportation systems, power plants, utilities, water supply networks, waste, criminal investigations, information systems, schools, libraries, hospitals, and other community services.
Smart cities are defined as smart both in the ways in which their governments harness technology as well as in how they monitor, analyze, plan, and govern the city.
In smart cities the sharing of data in not limited to the city itself but also includes businesses, citizens and other third parties that can benefit from various uses of that data.
Sharing data from different systems and sectors creates opportunities for increased understanding and economic benefits.
00:00 | Intro
00:49 | What Are Smart Cities?
03:14 | Who Made Smart Cities?
07:01 | WEF Smart Cities Alliance
11:05 | Which Cities Will Be Smart?
14:27 | Will The WEF Succeed?
17:07 | Why Smart Cities Will Fail