Smart data exchange will bring value to smart city innovation - ReadWrite
When it comes to smart city innovation, it’s arguable that most use cases are not that exciting to the average resident. A connected garbage bin, traffic light or parking meter is not going to cause applause and adoration for city officials at least in the first instance. But as more and more local systems start to communicate, it will start to make more sense and increase consumer satisfaction, at least until residents forget a life before they existed.

I spoke to Peeter Kivestu, director of travel industry solutions and marketing from analytics solutions and consulting services company, Teradata.  Kivestu believes that much of the focus has been on connecting the ‘things’ rather than the data within. The value of data grows with use according to Kivestu: “If you have data and you use it, it increases in value, particularly if you curate it, integrate it or get to use it in a purposeful way.”

He believes that there’s an opportunity for cities to embrace a platform business model where the city enables a level of connectivity around its data. Inherent to this is what he calls a smart data exchange, a new kind of asset that enables cities to evolve into a new way of delivering value for its citizens so this when it gets back to the social economic benefits.

Smart data from cities is, for the most part, siloed and fragmented

According to Kivestu:

“A city is working when all of its systems work together and when all of its people benefit in some way. But when systems are disconnected or parts of the population are disconnected and not able to access value, then the city is dysfunctional. A city is a system of systems. Yes the systems themselves are physically connected. So you’ve got highways, energy systems and buildings and city services they’re all there happily coexisting in the real universe, but digitally they’re not connected at all.”