Author: KISMC team

This article is a continuation of the series of articles for disruptive technologies for smart cities we started publishing in April 2020. It is a result of the ongoing Erasmus+ project Smart technologies by design (Smart by Design) and is based on the outputs produced by the project partners led GAIA & DEUSTO and ARIES T.

Current situation

KISMC team

Smart Cities are, by design, municipalities that address these challenges via a process of digital transformation (DX); in fact, the mission of Smart Cities can be described as “outcomes-based digital transformation”. This means using new methods of innovation and creativity, and new sources of information, to enhance experiences, increase sustainability and resilience, and improve financial and operational performance.

Dimitar Hristov

This article is based on the study made by the cluster member KISMC and its partners ARIES, GAIA & DEUSTO.

Current status

Data Analytics is an approach that allows companies to analyze the data they generate in their activity enabling them to draw conclusions that affect their business. Better known as Big Data, companies manage this information in order to adopt strategies that will help them to improve their business turnover.

Smart city applications can improve some key quality-of-life indicators in the cities by 10 to 30 percent. Smart cities growing quickly as the Internet of Things (IoT) expands and impacts municipal services around the globe.

The smart city industry is projected to be a $400 billion market by 2020, with 600 cities worldwide.

These cities are expected to generate 60% of the world's GDP by 2025, according to McKinsey research.

At the end of 2019, the Cluster Sofia Knowledge City finalized its Sofia smart city strategy and presented the results of the market study on smart city technologies.