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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.
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.
© 2020 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Liability limited by a scheme approved under Professional Standards Legislation.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.
