By Stephanie Kanowitz Jan 08, 2021 Market forecasts paint a rosy picture of smart city investment, but many municipalities are slashing budgets, laying off workers and cutting services as the economic fallout from the COVID-19 pandemic continues. To adapt to the budget shortfalls resulting from the COVID-19 pandemic, smart city efforts must be more strategic, said Ruthbea Yesner, vice president of Government Insights and Smart Cities at IDC Government Insights. “We have to be really strategic with our plan and our investing because we just aren’t going to have any wiggle room in terms of ...