Smart Cities by DSP Valley

Smart Systems technology is fundamentally changing the places we live in. The major aim of DSP Valley in that domain is setting up an open collaboration space and facilitating cooperation between urban area and smart system stakeholders.

By DSP Valley

Growth means urbanisation

Urban areas have always been at the centre of economic growth and technological advances. The promise of jobs and prosperity pulls people to cities. Today, more than half of the population lives in urban areas and 1.5 million people are added to the global urban population every week. Poor air and water quality, insufficient water availability, waste-disposal problems, and high energy consumption are exacerbated by the increasing population density and demands of urban environments. While sustainable cities occupy only 0.5% of the world’s land, cities consume 75% of its natural resources and account for 80% of global greenhouse gas emissions.

Cities are hungry, global economic engines and the economic powerhouses of the global economy. In 2015, 85% of global GDP was generated in cities. In fact, for millennia cities have been our centres of activity, drivers of growth and bastions of productivity. No country has ever reached middle income status without urbanising. Evidence suggests that environmental factors have a real impact on economic activity. China’s poor urban air quality and water pollution costs the economy 6% GDP each year. In the US the cost of urban sprawl is estimated to be $1trillion per annum.

Open collaboration required

The fragile balance between the challenges of urbanization, the impact on economic growth, prosperity and social welfare requires an open collaboration space which involves policy makers, citizens, companies, researchers, investors and other ‘urban area’ stakeholders. Cluster organizations can play a leading role mobilizing those stakeholders into collaborative projects. Action has to focus on the impact on a sustainable city as a holistic system. A systemic, open, collaborative and lean approach is required. Hereby leveraging on the potential of key enabling technologies (KETs).

Set up an open collaboration space and facilitate cooperation between urban area and smart system stakeholders is our aim.

Smart Systems technology is fundamentally changing the way we live. This technology complements us as humans with a 6th human sense. New value chains can be created to sense our environment, process and analyse the data and act upon it, either as human or supported by smart, autonomous devices. The global smart cities market is expected to grow from USD 312.03 Billion in 2015 to USD 757.74 Billion by 2020, at a CAGR of 19.4%.

Member advantage

The overall objective of DSP Valley is to set up an open collaboration space and to facilitate systemic, multi-disciplinary cooperation between urban area and smart systems stakeholders. Especially stakeholders aiming at the development and realization of innovative solutions for sustainable urban areas. DSP Valley deploys activities on regional and international level.

To keep track of all initiatives supported by DSP Valley, you can visit SmartCityTech.

For more information contact Mark De Colvenaer