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A new ranking reveals that Singapore, London and New York are marginally better prepared but governments and private sector institutions around the world need to do more.

The UK capital stood out from other cities in areas such as social entrepreneurship, co-working spaces, education, artificial intelligence and concerts.

The latest IDC smart cities spending guide highlights priority areas as resilient energy and infrastructure projects followed by data-driven public safety and intelligent transportation.

With air pollution the theme of World Environment Day, the UN is calling on everyone to take action to explore renewable energy and green technologies.

Analyst IDC reports that hardware currently represents the highest spending but it will be overtaken by services.

It will work with Chinese partners to explore the use of artificial intelligence in urban and economic development and pave the way for a global alliance of smart cities