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 article “Smart City Planning from an Evolutionary Perspective ” by N. Komninos, C. Kakderi, A. Panori and P. Tsarchopoulos was published in the Journal of Urban Technology and focuses on the parallel efforts and initiatives that have been made in the case of Thessaloniki to promote its vision to transform the city into a smart and sustainable place, including ICT solutions fostered by civic communities and individual developers. The study clearly shows that the strategy and actions guided by the vision for an open, global, smart, and resilient city, have been largely shaped by a series of opportunities that appeared gradually over the last few years, both at global and local levels.
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.