This story was created by Fast Company for Grant Thornton as a part of a content series that explores the impact of innovation and technology.
The 21st century is on track to become a century of cities. Currently, there are 21 megacities with a population of more than 10 million people. Globally, 1.3 million people move into cities each week and by 2040 it’s estimated that a staggering 65% of the world’s population will live in cities.
Today’s smart cities are on the threshold of a major revolution: they must become citizen-centric or face failure. To do so, they must use technology to find solutions to modern problems. In a new Grant Thornton and Fast Company video, Martin O’Malley, former governor of Maryland, notes that “Cities are changing because citizen expectations are changing. A smart city deploys smart technologies to make their city more inclusive, more connected, more prosperous, more resilient, more sustainable and more secure.”
Watch the video below to learn how technology is making it possible for cities to move fast into a better future.