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According to a UN study, 55% of the total world population is living in cities and by the year 2050, this figure could rise to a whopping 68%. In order to thrive, every city needs to make smart, sustainable investments in infrastructure, healthcare, and education. Aid effective spending and budgeting.
This figure is going to more than double by 2050. Artificial intelligence is expected to meet the growing needs of the elderly care industry. In 2017, the number of seniors over the age of 65 reached a record 1 billion people. This is going to have tremendous implications for companies offering these services.
If not properly mitigated and managed, climate risks are assumed to be the main driver of major physical hazards and socioeconomic impacts to infrastructures by 2050 (Figure 1). Expected impacts by 2050, Adapted from McKinsey Global Institute. Climate risk and response: Physical hazards and socioeconomic impacts.
For example, by 2050, 75% of the world’s population is projected to strain in existing cities and urban centers. “In What opportunities do public-private partnerships present? When managed correctly, public-private partnerships can deliver excellent results for cash-strapped government agencies.
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