Numbers & Stats: AI gives rise to smart cities
With more and more people moving to cities, AI will be counted on in key areas of operation.
80% of the population in developed countries is expected live in cities by 2050
By 2025, smart cities are expected to have a market value of more than $2 trillion
AI will play a role in such areas as: smart parking, smart mobility, smart grid, adaptive signal control, waste management
Other than AI, smart cities will rely upon: robotics, ADAS, distributed energy generation
Source: Frost & Sullivan