Latin America is the developing region with the highest urbanization rate on the planet and the tendency indicated by the United Nations indicates that in 2050, 90 % of its population will live in megacities. This represents a challenge for the States that have not managed to resolve the big problems of these huge urban agglomerations, which are poverty, insecurity, pollution, and mobility.
These booming metropolises, naturally, are economic powerhouses, and to provide services that not only keep pace with this development but also nurture new growth and innovation, cities need to invest in smart technologies.
Latin America has seen their fair number of challenges associated with rapidly growing cities, after an initial delay, they are now applying the kind of smart technologies embedded in the Internet of Things and big data that tackle pain points.
Smart cities are gaining momentum in Latin American capitals they offer the chance to take a leap forward and catch up with more developed countries.
To moving forward Latin America requires leadership capable of initiating long-term policies and allocating economic resources to projects that go beyond the superficial, such as a new park or a new bus station. Leveraging data can optimize the consumption of electricity or running water, reduce air pollution, improve traffic congestion, and reduce levels of waste generation. It has the potential to significantly improve the quality of life for citizens.