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We draw on a substantial body of theoretical and empirical research on innovative data-driven smart urban ecosystems, and using and replicating data from Black and Veatch, ESI ThoughtLab, IHS Markit, and Statista, we performed analyses and made estimates regarding average priority level of objectives driving smart city projects, spending on smart cities worldwide in 2015 and 2020 (in billion U.S. dollars), annual budget directed towards smart city investments (%), difficulties faced by smart cities by challenges (%), the Internet of Things units installed base by category (2014–2020), and share of smart cities projects by type worldwide (%). Structural equation modeling was used to analyze the data and test the proposed conceptual model. Keywords: big data; smart urban ecosystem; environmental sustainability; Internet of Things
Geopolitics, History, and International Relations – Addleton Academic Publishers
Published: Jan 1, 2019
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