Smart City is an urban area that uses different types of electronic data collection sensors to supply information which is used to manage assets and resources efficiently. This includes data collected from citizens, devices, and assets that is processed and analyzed to monitor and manage traffic and transportation systems, power plants, water supply networks, waste management, law enforcement, information systems, schools, libraries, hospitals, and other community
The smart city concept integrates information and communication technology (ICT), and various physical devices connected to the network (the Internet of things or IoT) to optimize the efficiency of city operations and services and connect to citizens. Smart city technology allows city officials to interact directly with both community and city infrastructure and to monitor what is happening in the city and how the city is evolving.
From smart lighting to digital crime-fighting to connected transportation and beyond, cities are poised for a radical makeover. This technology-driven transformation is redefining the business of running a city. It has as much influence on how cities generate revenue as on the assets they own and how they manage them. In the private sector, digital capabilities are disrupting established industries and giving rise to entirely new kinds of competitors.
For most city leaders, the question isn’t whether to embark on a digital
transformation, but how. This requires clear vision and sustained, long-term investment. To maximize your chances of success, we suggest three critical components to any digital transformation initiative:
Take ride-sharing apps as an example. We all know how they’re eroding
the taxi business and reshaping the automotive industry. They’re cutting
into revenue from parking fines and municipal taxi licenses. But they’re also
reducing traffic, limiting demand for parking, and alleviating the burden on
crowded public transit systems.
Adding digital capabilities can bring great benefits to our cities. They can
reshape public services and how they’re delivered—making it possible to do
more with the same available resources.
We are positioned to help City leaders and workers to adapt to new business models.
Changing regulations and new mandates will force the issue for many cities