Apart from their potential for improving the quality of life of their citizens, which is probably the best reason why they are so popular, Smart Cities can also offer tremendous potential for entrepreneurs and small business owners, especially high tech startups, which can benefit from several opportunities.
A new report from Bank of America Merrill Lynch (BofAML) sees the Smart City market growing to US$1.3-1.6tn by 2020E (vs US$1tn today) and highlight six entry points for investors wishing to access the theme: (1) Smart Infrastructure; (2) Smart Buildings; (3) Smart Homes; (4) Smart Safety & Security; (5) Smart Energy; and (6) Smart Mobility. The report ranks Singapore, London, New York, Paris and Tokyo as the world’s smartest cities.
US cities applying Smart City solutions, such as Seattle and Portland are making progress in finding their own solutions towards the infrastructure challenges they face instead of going through the slow process of waiting for the federal government to provide funds and design policies. This is a case of urban planners thinking globally and acting locally, and cities acting more autonomously and taking steps to provide their own solutions to their own challenges.
The Quantified City: Sensing Dynamics in Urban Setting is a paper tries to shed light on the complex dynamics taking place within cities, which are characterized by a rapid urbanization process during the last decade. One of the main characteristics of these underlying dynamics, is the fact that they involve a large number of actors, such as humans, services, and infrastructures, which are observed in different spaces.
How can games improve the process of urban planning? That’s the central question at the upcoming Games for Cities International Conference, taking place in Het Nieuwe Instituut in Rotterdam, April 20-21 2017.
Earlier this month the Smart City Council awarded the Smart Cities Readiness Challenge Grant to Orlando, Miami, Philadelphia, Indianapolis and Austin. The five winners are now getting ready to make good use of their grants and more information about their plans is available.