If you want to work out where the greatest innovation is taking place in the smart city realm – then a new scorecard prepared by the Visionary Innovation Group (VIG) appears to be a good indicator.
The VIG, an arm of analyst firm Frost & Sullivan, has evaluated 50 global cities through qualitative and quantitative filters in its report. The first filter takes into consideration the indicators which gauge the effectiveness of smart city initiatives by comparing present and past indicator measurements. These indicators are grouped into four categories; the circulation of goods and residents, the quality of the lived environment, technology penetration level, and expansion of a knowledge economy.
Following the quantitative filtering, the top 30 cities are assessed against VIG's Smart City Maturity Model, which ranks cities on a scale of 1 (ad hoc) to 5 (synergized) for the following factors: governance; investment; data; IoT and platform; and business model maturity. Following this, the top 15 cities are profiled within each of these maturity model areas. Cities evaluated in the ranking include Berlin, London, New York City, Paris, and Singapore.
According to the report, there are three key takeaways for smart cities; continuing to innovate, connect back to their clear vision and goals, and take the lead in finding novel ways to address city challenges.
“The critical success factors of smart cities include staying citizen-focused,” the report notes. “It’s easy to get lost in the technology and initiatives, but everything must serve the larger purpose of addressing citizen needs. The second success factor is to map all initiatives to clear and aligned smart city objectives, which in turn, must be aligned with an overall smart city vision.
“In short, smart cities are most successful when they have a strategy and centralised leadership to ensure that strategy is enacted,” the report adds.
Elsewhere, the Consumer Technology Association (CTA) and Deloitte have made major investments at Consumer Electronics Show 2018 (CES) with the aim of highlighting smart cities technology. Bosch, Ford, Nissan, and Ericsson are among companies that are pioneering new solutions including smart transportation, smart grids, public safety, cybersecurity, health care, AI, virtual reality (VR) and augmented reality (AR). 2018’s CES will dedicate 11,000 square feet to The Smart Cities Marketplace, featuring smart city-enabling technology and solutions.
You can find out more about the scorecard here.
Interested in hearing industry leaders discuss subjects like this and sharing their IoT use-cases? Attend the IoT Tech Expo World Series events with upcoming shows in Silicon Valley, London and Amsterdam to learn more.