A new report, published by Deloitte, investigates how cities can effectively finance smart city projects. Government officials need to understand the projects and their values and then analyse the full range of options for funding, financing, and procurement before choosing the strategies that best fit their situation, according to the report.
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 have the potential to save residents up to 125 hours every year, according to a study conducted by Juniper Research for Intel. If cities across the globe adopt and deploy smart city technology and services, people can spend more time on vacation, exercising and feeling less depressed and anxious.
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.
This report, published by Deloitte, introduces a new framework for helping cities apply smart city strategies. This describes the main domains that support smart city objectives, sets the key elements to build the right foundation of a smart city and explores the role of technology in building smart city solutions.
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.
This book chapter by M. R. Johannessen and L. Berntzen (2017) explores the concept of Transparent Smart City providing useful insights on how city councils and city administrations can apply smart technology for increased transparency. The authors also provide an overview of available technologies from a case study in Norway.