For the first time in human history there are more people (55%) living in urban areas than in rural areas, placing tremendous stress on resources, infrastructure and the human psyche. By 2050, 70% of the world’s population is expected to be urban, but already 80% of the world’s cities display signs of fragility.
To meet these challenges, city planners and corporations are increasingly incorporating ‘smart city technologies’ to better organize and manage resources and ‘wellness’ design to satisfy human needs.
An investment of $78 trillion is needed in the next 10 years alone to accommodate this unprecedented transition in lifestyle and living standards.
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