In many cities around the world, the promises of smart cities solutions, from efficient use of energy resources to digital inclusion, are being realized. Unfortunately, in many more, these promises remain out of reach with narrow use cases and data stuck in application siloes.
Municipal aspirations cannot be blamed: 62% of public sector IoT deployments were positioned as part of a broader digital transformation initiative, according to our latest survey. And yet, the lack of financial resources necessary to deploy foundational, cross-cutting Smart City networks and applications often results solutions which do nothing more than connect one stakeholder’s assets – far from the Smart City vision.
Now, as economies emerge from the Covid-19 pandemic, those constraints will only be magnified. Against that backdrop, how can we turn Smart City promises into broader Smart City realities? More importantly, can we expect to execute on the full potential of Smart City visions unless we can solve this critical issue?
Join GSMA Intelligence and experts from across the mobile and Smart City ecosystems for this new MWL Themed Week, to discuss the business models being used to finance the cities of the future and why innovation on the Smart City technology and financing fronts is critical to the success of the space.
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