“Smart cities” are popping up around the globe — from China, where 193 smart cities are being piloted as part of the country’s urban renewal plan, to Europe, the U.K., and the U.S. The development of smart cities involves a wide scope of technology, everything from renewable energy, green buildings and smart grids to traffic management, urban security and medical technology.

Smart Cities and Economic Development: What to Consider | MIT Sloan Management Review.