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The role of the smart city concept in the process of urban transformation

Antonio Hadzhikolev ()
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Antonio Hadzhikolev: University of Economics – Varna, Bulgaria

Conferences of the department Informatics, 2019, issue 1, 397-409

Abstract: According to UN statistics, by 2050 two-thirds of the global population will live in cities. The increased urbanization ratio will cause different problems as well pose new challenges before the government of cities. In order to suc-cessfully solve these problems, an urban transformation is needed. One of the possible solutions is oriented towards the application of modern ICT in the city’s wide infrastructure. The aim of this paper is to present the smart city con-cept and its role in future urban transformation and development. The main benefits of implementing such technology, according to the author of the paper, can be found in two areas: 1) improving the quality of life, and 2) helping the decision-making processes in order to make data-driven decisions. These benefits can not only lead to but also ensure the sustainable development of cities in the future.

Keywords: Internet of Things; smart cities; ICT application; urban transformation (search for similar items in EconPapers)
JEL-codes: C8 (search for similar items in EconPapers)
Date: 2019
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Handle: RePEc:vrn:katinf:y:2019:i:1:p:397-409