Harnessing the Smart City opportunity | KPMG | ZA

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.

© 2017 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.

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