Global sustainable development: Smart cities and global implications of IT data risk governance, storage and control

Abstract

The present research paper focuses on the major economic and social evolution regarding the concept of “sustainable development and co-related smart green economy initiatives” in the current 3rd millennium global agenda. The main purpose of the article is to integrate the successful business and economic smart city business and social model with highly sensitive risk governance relating to data collection, data monitoring, data storage, data control, and data governance currently considered as an economic modern drive of development for future global societies and IT corporate businesses and, primarily, as a pivotal government’s asset for strategic political and economic global governance. The analysis will cover the 11 goals of the UN 2030 Global Agenda regarding the creation of “smart cities” as the economic/social concept for inclusive human and urban agglomeration. The paper methodology, supported with the current literature review, reports which technologies, applications, and parameters will define a smart city and how new innovative business models might influence the new economic global order in full respect of the environment and human life.