Smart City, tech hub investment to leverage growth across globe

ITREALMS:

With more interest in investing in technology innovation hubs as part of a Smart City investment strategy is critical to leveraging economic growth and bridging the development gap across emerging markets globally, reports ITRealms.

This is coming on the heels of the Middle East and Africa, slated for June this year, gets underway and tagged Smart Cities Global Summit 2018.

The Strategic Technology Advisor, Smart City Algiers, Dr Riad Hartani, said by implementing Smart City Strategies should be seen as a means to an end, rather than an end in itself.

“It provides the opportunity to leverage new leapfrog technologies, innovations models and investment strategies to adapt the various economic development roadmaps into an Internet and data first era, which will be with us for the coming decades" Hartaini said.

He also noted that the recent official launch of the Algiers Smart City Live Experimentation Lab and Technology Innovation Hub (www.SmartCityAlgiers.com) in Algiers, “is one of the pragmatic steps mapping such strategies into actions.” 

Further, he said, “From an emerging world perspective, smart cities strategies provide a catalyst framework to fundamentally address the key obstacles to fast tracking development: a relative isolation from the leading high tech innovation clusters, a high level of dependency on advanced technologies providers with little transfer of technology, and a fairly low level of confidence in building their own technology startup champions.”

ITRealms gathered that over 150 international speakers and 4,000 delegates, representing leading technology investors, Founders and CEOs, as well as government representatives, Smart City leaders and Industry Heads will feature at the two-day summit.


Chuks Egbune/GEE

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