Self-driving cars, lifelike robots, and autonomous delivery drones are the sexy, headline-grabbing face of the digital transformation that we see all around us today.
None of these would be possible, though, without data – the oil of the fourth industrial revolution – and the analytic technology we’ve built to allow us to interpret and understand it.
Big Data is a term that’s come to be used to describe the technology and practice of working with data that’s not only large in volume but also fast and comes in many different forms. For every Elon Musk with a self-driving car to sell, or Jeff Bezos with a cashier-less convenience store, there is a sophisticated Big Data operation and an army of clever data scientists who’ve turned a vision into reality. Full Article
The Smart City Journal
Dr. A.N. Sarkar
The United Nations expects almost doubling of urban population by 2050, while the global population will increase from 7 billion to almost 10 billion. Currently, half of the total population lives in cities. The world is at an unprecedented level of urbanization: the top 25 cities of the world today account for half of the world’s wealth; the top 25 cities of the world today account for half of the world’s wealth; about 10 percent of the world population lives in the top 30 metropolises, and 600 cities accommodate its quarter; the 30 largest cities alone are projected to drive 20% of global GDP growth from 2010 to 2020; cities consume 60% to 80% of the world’s energy production…
The accelerating growth of cities and their disproportionate consumption of physical and social resources are unsustainable, as are the traditional systems cities rely upon to deliver resources. The future of our world is decided by the quality of its future cities. It is projected that over 40 global cities will come up as Smart Cities by the year 2020. almost 300 smart city pilots are currently planned in China and India alone. This paper attempts to put together a new definition and concept of Smart Cities encompassing its major characteristics such as heritage, aesthetics, e. bricks, economy, environment and modern lifestyle. Full Article
Governments around the world today spend about $2.5 trillion each year on building and repairing crucial infrastructure. Developing countries require an additional $1.3 trillion of public infrastructure
investment. These amounts are not nearly enough to meet current demand for transportation, water, power, sanitation, energy, telecommunications, and other infrastructure, especially in developing countries. Certainly, it will not be enough to meet those needs in the future. While government budgets are traditionally the major source of infrastructure finance, they will not alone be able to finance these infrastructure needs. The volume of private participation in financing developing economies’ infrastructure projects remains low, and thus governments, particularly in cities, may likely need to achieve a pipeline of privately financed or “bankable” infrastructure projects to meet future demands. Full Report