Smart cities will transform our urban professional, recreational and living spaces through technological innovations.
Climate change is driving the agenda
Action on climate change is driving the de-carbonisation of energy, which will have an impact on the economics of distributed energy systems. This will in turn require a new generation of communication networks and data systems to support this change.
This area is the foundation of smart city infrastructure, as responding to the threat of climate change will generate the most immediate change and the greatest impact.
Cities will also have greater responsibility for their civic affairs in future, in line with the present devolution of fiscal and governance responsibilities in many regions.
Connecting technologies, requirements and capabilities
More than any other sector, smart cities require the union of a diverse set of technologies, requirements and capabilities. Civic society, public, private and charitable sectors all have a part to play in, and the potential to benefit from, this tranformation.
The unification of social and technological transformations from multiple sectors will be felt most strongly in cities and, as a result, cities will be where these concepts will be defined.
Successful smart cities will offer:
- value to governments through efficiency savings and improved citizen engagement
- benefits to citizens through improvements in health, lifestyle and efficiency
- expansion and displacement opportunities for established enterprises, such as utilities
- dramatic growth opportunities for disruptive businesses.
Reimagining and redesigning existing business models
Far more than measuring, collecting and processing data is required to achieve all of these benefits. Instead, the operation and financing of city infrastructure must be reimagined and redesigned. It is also essential to consider how established business models should change as a result of this transformation and how the risks of accelerating technology cycles can be managed and mitigated.
The gravity effect of high population density and the network effects from multiple sectors (such as energy, transport, security and health) are driving this transformation in cities. Cities must take a leadership role if all of these factors are to be successfully combined.
Analysys Mason is uniquely positioned to understand and support the strategic, technical, policy and economic aspects of smart cities during this rapid growth, as it has done for the sector's enabling technologies (connectivity and data) for over 30 years.
Analysys Mason is helping to drive the agenda for change
Analysys Mason is at the forefront of smart city and smart energy developments.
We are currently working with the Future Cities Catapult on the next generation of smart city concepts. We continue to deliver strategic advice to city governments and technology giants around the world on issues and challenges relating to energy, transport and the Internet of Things (IoT).