While many industries ground to a halt as a result of the coronavirus pandemic, with its ensuing lockdown restrictions and social distancing requirements, digital innovation has accelerated significantly. The development of smart cities, in particular, has gained momentum during the past 12 months, with recent research showing the size of the industry is set to double from $410.8 billion in 2020 to $820.7 billion by 2025 as a result.
COVID-19 has undoubtedly emphasised the importance of technologies such as big data, 5G, location-based services, geo-tagging services, beacon technology, and VR/AR. While many have championed the use of these technologies for many years due to the value smart cities can deliver to both local governments and their citizens, others are now recognising the technologies’ potential to lead us out of the coronavirus crisis and initiate a return to something resembling normal.
More>>