Addressing Smart Cities' challenges

Smart city leaders should incorporate a set of key success factors to secure the success of future investments:

  • Smart Cities are more relevant than ever: over USD 300bn invested across 2,200+ initiatives over last 3 years, with similar growth expected for the years to come
  • Such investments are at danger if smart city leaders don’t address common challenges across the ecosystem
  • Smart City leaders should consider 4 key success factors when planning for a successful smart city deployment
    • Move beyond traditional smart cities and learn from experiences’ providers
    • Invest in data management capabilities
    • Implement a smart city governance model for effective service deployment
    • Balance public/private investments to achieve long-term sustainability
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