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Methodologies for local development in smart society

Lorena Batagan

Oeconomics of Knowledge, 2012, vol. 4, issue 3, 23-34

Abstract: All of digital devices which are connected through the Internet, are producing a big quantity of data. All this information can be turned into knowledge because we now have the computational power and solutions for advanced analytics to make sense of it. With this knowledge, cities could reduce costs, cut waste, and improve efficiency, productivity and quality of life for their citizens. The efficient/smart cities are characterized by more importance given to environment, resources, globalization and sustainable development. This paper represents a study on the methodologies for urban development that become the central element to our society.

JEL-codes: R11 O30 (search for similar items in EconPapers)
Date: 2012
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