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Real-time Cities—Second Wave Cities 

Real-time Cities—Second Wave Cities 

  • May 2016
  • 65 pages
  • ID: 3918409
  • Format: PDF
  • By Frost & Sullivan

Summary

Table of Contents

Real-time Cities—Second Wave Cities : Coordination Challenges and the Opportunity of Needs-driven Technology Deployment in Brussels, Oslo, and Manchester

Cities are increasingly seeing an opportunity to stimulate economic growth by opening up their substantial sources of data to digital services innovators. Differentiation, however, lies in the foundations they set in terms of data strategy, governance structures, and partnerships. Second wave cities and towns lack comprehensive funding for projects so seek experience from larger cities in their regions whilst minimising risk, CAPEX, and OPEX. Successful second wave cities invest in their ability to absorb best practices and new technologies and manage partnerships while strengthening skills in utlising a variety of financial instruments, such as public-private partnerships, grants, and loans. Brussels, Oslo, and Manchester are studied here.

Key Findings

Second wave cities and towns lack comprehensive funding for smart city projects and so seek experience from larger cities in their regions whilst minimising risk, CAPEX, and OPEX. A recurrent pattern across cities is the challenge of aligning a myriad of stakeholders. Frequent lack of alignment means that even departments within the same city can pursue conflicting Smart City agendas, which leads to inefficiencies, complexities, and duplication of efforts. The same goes for different levels of government as both municipal and regional governments may pursue distinct Smart City agendas for a given city, especially when political majorities differ between the levels of government.

Successful second wave cities invest in their ability to absorb best practices and new technologies and to manage partnerships. Knowledge transfer skills are needed to leverage expertise from academia, established and SME technology companies, collaboration networks, first wave cities, and other regional partners.

Second wave cities also strengthen their ability to work with a wide variety of financial instruments, such as public-private partnerships, grants, and loans. While project funding competitions can provide a significant growth impetus for the lucky few (e.g., Manchester in December 2015) cities generally must avoid allocating too many resources to project funding bids wherein the chance of emerging empty-handed is relatively high.

Questions This Study Will Answer

-What do cities want from data and what challenges do they face?
-Which ICT suppliers and solutions are they working with?
-Which cities are most successful?
-What is the ICT opportunity?

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