{"id":14705,"date":"2024-04-03T09:17:22","date_gmt":"2024-04-03T09:17:22","guid":{"rendered":"http:\/\/TheNextWeb=1405299"},"modified":"2024-04-03T09:17:22","modified_gmt":"2024-04-03T09:17:22","slug":"the-new-tech-trends-set-to-shape-the-smart-cities-of-tomorrow","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=14705","title":{"rendered":"The new tech trends set to shape the smart cities of tomorrow"},"content":{"rendered":"\n

The World Bank estimates that by 2050 the global urban population will double in size<\/a>, putting ever-increasing pressure on city streets, housing markets, infrastructure, government services, and the environment. Luckily, over the last few years, advancements in the fields of AI<\/a>, IoT, robotics, and the ongoing deployment of 5G have made the timing ripe for new technological solutions to come to the rescue. In 2023, the global smart cities market was valued at $748.7 billion and is projected to grow at a compound annual growth rate (CAGR) of 25.8% from 2023 to 2030<\/a>.<\/p>\n

These new solutions are set to reshape our urban environments into the glittering \u201csmart cities\u201d that exist in our imaginations \u2014 but what will that actually mean in practice?<\/p>\n

While we may not be able to predict the future, one place that could give us a glimpse into what\u2019s to come is the Hong Kong Convention and Exhibition Centre which is set to host this year\u2019s HKTDC InnoEX<\/a> and Hong Kong Electronics Fair<\/a> (Spring Edition) on 13-16 April 2024.<\/p>\n

These two fairs serve as a global platform for thousands of exhibitors to present the latest in cutting-edge technology and electronics attracting over 80,000 buyers from around 21 countries and regions, making it a meeting point for tech<\/a> companies, policymakers, academics, and users to discover and exchange ideas.<\/p>\n

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TNW Conference 2024, June 20-21 – Join our Virtual Discount Hunt this week!<\/p>\n

For a bit of Easter fun, we\u2019ve hidden a number of discount codes around our Conference website.<\/p>\n

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TNW caught up with some of this year\u2019s participants hailing from Hong Kong to Paris to get their take on the biggest trends set to hit the smart city market in the coming years.<\/p>\n

The rise of AI and assessing global solutions for local challenges<\/strong><\/h2>\n

As a founder of the Smart City Consortium<\/a>, a platform of corporates, academics, professionals, and government officials, Gary Yeung has had a keen focus on the trends and technologies shaping the smart city market over the past decade. He believes one technology in particular is set to become a catalyst for the next evolution in smart cities.<\/p>\n

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This is the year of AI. No matter what theme we\u2019re talking about, it\u2019ll be related to AI development. Last year, we talked a little bit about AI usage but now I can see more and more practical applications and soft landings across different industries.<\/p>\n

This technology will support the whole smart city development. As IoT devices collect Big Data, it\u2019s AI that allows us to extract answers and develop new applications. It\u2019s these new applications that will define smart city development and also provide huge opportunities to different industries.<\/p>\n<\/blockquote>\n

However, while innovation can bring great things, it also needs to be honed towards responsible applications. That\u2019s why for Yeung, the true definition of a smart city is the use of technology to solve sustainable development goals:<\/p>\n

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Technology is a means for us to do things more efficiently but we need to have more efficient energy solutions to support us, whether it\u2019s electric or hydrogen. New innovations require more energy, so we need more efficient data centres, for example, to power them. But we can\u2019t just put the responsibility on governments, we also need social impact solutions.<\/p>\n<\/blockquote>\n

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<\/i><\/a>Smart City Consortium\u2019s pavilion at InnoEX<\/figcaption>