key problem iot and ai
3 Key Problems IoT and AI Can Solve For Cities
LONDON – More than half of the world's population now live in cities -- and the figure will rise to more than two thirds by 2050, according to a United Nations forecast. Growing numbers of city residents put pressure on energy and water resources, transport networks, environment, national healthcare budgets as well as many more aspects of the city. Thankfully, some of the most important problems faced by cities around the world can be solved or reduced by Internet of Things (IoT) and artificial intelligence (AI) enabled solutions. Rapid urbanisation and a growing population is causing more and more problems for mobility in the city. Commuting has become a hassle; congestion in the EU is often located in and around urban areas and costs nearly EUR 100 billion annually, or 1 % of the EU's GDP.