The business case for smart cities
Smart City solutions should always do at least one of these three things: cut costs, create value, and/or generate revenue. In doing so, Smart City solutions will help alleviate strained municipal budgets while integrating advanced technology and the Internet of Things into our systems and infrastructure. These solutions will create open and transparent government, informed and engaged citizens, optimized public transit and public works solutions, healthier living environments, and equitable opportunities for residents regardless of socioeconomic or geographical barriers.
Cutting out the buzzwords and focusing on the bottom line. Here are five bullet points making the business case for smart cities.
1. Cut costs
2. Create value
3. Generate revenue
4. Increase social mobility
5. Drive economic development
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This means technology is the tool, not the focus, of smart city planning. As technology continues to disrupt policy, and is deployed to optimize and replace inefficient and outdated systems and infrastructure, the cities and regions that come out on top are-and-will-continue-to-be those that put people at the top of the planning hierarchy to focus on outcomes and impact that improve our collective quality of life regardless of socioeconomic or physical barriers.
New York, NY - On Tuesday, December 12th, leaders from government, academia, and business will convene at the New York Bar Association for a leadership forum aimed at setting smart city development goals in New York City and beyond.
Explore December updates for Venture Smarter's community portal that is live for beta users working to build smart cities and connected communities. Request access for free to connect with other users, resources, and opportunities.
Collaboration drives smart city success stories. On February 15th Venture Smarter is proud to invite regional leaders from around the country including those from various Metropolitan Planning Organizations to a forum focused on exploring and discussing regional success stories, challenges, and opportunities to collaborate to support smart strategies and efforts city to city, state to state, and region to region.
On Tuesday, December 12th at the New York Bar Association, leaders in government, business, and academia will come together to explore setting Smart City Development Goals in NYC and beyond. Topics will focus on connectivity, mobility, and resilience, and how we will leverage IoT and advanced technologies to optimize or replace our infrastructure and digital systems.
Building a technology startup is hard. You must pinpoint and clearly define a meaningful problem, create a validated solution, and address your customer’s needs in a valuable proposition... Many people are surprised when I suggest that crafting and, ultimately, passing legislation into law, as a staffer on Capitol Hill has many parallels to running a startup.
At the 2017 Smart Regions Conference, a handful of leaders were recognized and presented awards for regional leadership and innovation across government, academia, and business. Explore the winners of the 2017 Smart Regions Leadership and Innovation Awards:
At the 2017 Smart Regions Conference, Anil Menon spoke as the keynote to an audience dedicated to moving smart cities conversations forward thinking beyond municipal boundaries. Anil stressed five key points as action items and takeaways as he emphasized the importance of regional planning and collaboration.
Discover and explore smart cities challenges and opportunities on the Venture Smarter Portal. Connect with direct bid and teaming opportunities as well as government and corporate challenges.
Smart Sister Cities sign-ups are now open for municipal leaders working to navigate smart cities and the Internet of Things - beyond city limits. Learn more about getting your local, county, state, or federal government or agency involved.