Strength assessment is key to success of smart city devt
Philippines and Indonesia are rich in natural resources but face common problems such as severe traffic congestion and air pollution amid an urbanization trend. Given the issues, questions arise as to how such countries should proceed when it comes to smart city development? What should be done at the very beginning to ensure the success of smart city implementation?
Strengthening urban resilience to natural disasters
Given the global warming problem, what will the world look like, say, in 100 years?
Recently, a group of researchers from the University of Chicago and the University of California, Berkeley, explored how global temperatures, sea level, rainfall patterns, etc, have affected human lifespans, crop yields, violent crimes and productivity in the past; and then estimated the impact of rising temperature on human behavior, health and the economy in the coming 100 years.
Smart city: know thyself!
IDC, the research institute pointed out that by 2022, the Asia-Pacific region will be the global leader in developing smart city environments, with spending accounting for more than 40% of the world’s expenditure, reaching above US$60 billion (more than HK$500 billion). South East Asian governments are ready to spend on smart cities – and Hong Kong may have solid experience to share about how they can prioritise their budgets. It begins with knowing your assets, then generating data that can be used for smart planning. If Hong Kong keeps the data flowing, it can continue to lead in implementation of smart city solutions and sell them to those that follow across Asia.
Huge business opportunity for HK in smart city services
According to Frost & Sullivan, smart city global market potential on initiatives pertaining to sectors such as transportation, healthcare, construction, energy, infrastructure and governance, can reach as much as US$1.5 trillion in total, close to the GDP of South Korea, Russia or Australia.