Table of Contents
The Tidal Flow of Europe's Real-time Cities
In the connected age, the flow of data through cities is becoming a key contributor to global competitiveness. European cities are taking advantage of public funds to experiment with open access to data and to assess the monetization potential for selected sources. Although estimating the full value of data in the public sector is difficult, government studies suggest tens of billions of euros could be realized. Frost & Sullivan believes that the world’s leading cities will combine ICT infrastructure with digital ‘self-knowledge.’ Here, real-time cities are discussed as those that pursue policy goals through the exploitation of public and private data, sensor networks for monitoring, and control and platforms for collaboration in services.
Frost & Sullivan believes that the flow of data through and between cities will be a key contributor to global competitiveness. The world’s leading cities will be those that can combine ICT infrastructure with digital ‘self-knowledge’. This will require initial investment of resources to understand what data is held, or needs to be collected.
European cities are taking advantage of public funding to experiment with open data in order to identify potential to monetise selected sources. The full extent of available data in the public sector is difficult to estimate. Nonetheless, early studies have shown the potential to realise tens of billions of euros.
Real-time Cities will be Well Equipped to Compete Globally: The ability to collect, understand, and exploit data will be increasingly important for attracting investment and skilled workforces.
The ICT Sector has a Key Role in Supporting these Aspirations: Enabling infrastructure, integration, and managed services will be growth drivers for the industry. The first stages will involve reducing costs of service delivery and leveraging innovation to tackle challenges in the local economy.
Currently the European Market is at the Experimentation Stage: ICT companies positioning to succeed in this market will invest in learning about the needs of real-time cities at the early stage. Over time, cities will move towards market propositions and ultimately be ready to exploit real-time optimisation and decision support.
This analysis will answer the following questions:
- What drives a city to optimise its services in real time?
- What are the key drivers behind the use of open data in real-time cities?
- What are the opportunities for ICT companies?
- What is Frost & Sullivan’s research agenda for this market in 2014–2015?
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