Smart cities, which have been exhibiting some impressive technological breakthroughs in the last few years, are a very appealing target for investors, but, despite this, there seems to be a lack of funds focusing on smart cities, even though there a plenty of funds for investing in technology.
The innovations that are being tested and implemented in smart city initiatives across the world, based on means such as data and digital technology in order to make cities more efficient and liveable, come with the danger of deepening inequality by excluding digitally marginalized groups.
Smart cities usually rely on digital innovation to create the biggest impact with the smallest digital insert. While this is a crucial part of what makes smart cities ‘smart’, this reasoning is mostly based on assumptions, and, there are other components at work as well.
Tel Aviv was voted as the “Best Smart City in 2014” at the Barcelona Smart City expo, beating 250 other cities from around the world to the title. This distinction was based mainly on DigiTel, a personalized digital communications network.
The UN’s prediction that, by 2030, two-thirds of the world’s population will be living in megacities, means that smart technologies can play a key role in reducing the pressures and impact of overcrowding.
The 2017 Smart Cities Index, published by Stockholm-based smart parking service Easypark, ranks the top 100 smart cities around the world along 19 factors related to smart city technology such as public transport, clean energy, citizen participation, urban planning, smartphone penetration or living standard. The top smart city was Copenhagen, while the top five also included Singapore, Stockholm, Zurich and Boston.
The Muni-Expo International urban innovation conference will be held on February 13 and 14 at the Tel Aviv Exhibition Grounds. The event is meant to highlight smart city technologies, and will draw more than 80 municipal delegations from around the world. The high interest in the event is taken as a sign of international attention focusing on Israel’s progress.