Harnessing the Smart City opportunity – Laying the foundations

Harnessing the Smart City opportunity

Seeking to harness the opportunities and address the challenges presented by rapid urbanisation, local governments are increasingly looking to embark on ‘Smart City’ transformations. Laying the right foundations is the first step to success.


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Hand holding smart city – Illustration

Smart City initiatives are a vital way for local governments to respond to mounting challenges presented by rapid urbanisation. As Australia’s Smart Cities movement gathers pace, the question many city leaders are asking is ‘where do we begin?’

In this article we look at the foundational elements cities should consider as they look to embark on Smart City transformations:

  • a strategic framework and guiding principles with a ‘citizen-centric’ view
  • innovative funding
  • collaboration
  • a rich set of data
  • fit for purpose.

At the heart of true Smart City success is a foundation of Smart principles, practices and technology embedded within the city’s operating model. Creating true value is a challenge facing all city leaders. However, the possibilities are tremendous and, armed with a clear understanding of the existing level of maturity, coupled with a willingness to experiment and learn, cities can turn words into action and execute their Smart City ambitions.

KPMG Australia acknowledges the Traditional Custodians of the land on which we operate, live and gather as employees, and recognise their continuing connection to land, water and community. We pay respect to Elders past, present and emerging.

©2022 KPMG, an Australian partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.

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