In the age of the smart city, leaders must adapt their resilience strategy to match their evolving risk profile—otherwise they risk building a smarter but more fragile city.
24,800 acres of land will soon become a “smart city” in Arizona. One of Bill Gates’ investment firms is investing millions into this project, hoping that its proximity to local hubs and ability to be completely molded will allow for innovation.
Smart cites tap into technology and social experiments.
Cities are becoming the focal point for policy and investment activities that drive economic growth and build more resilient social structures to address disasters, climate change, and healthcare. The ongoing financial crisis has prompted city managers globally to think about ways to achieve greater efficiencies and compete against other cities and regions for talent and business.