Smart City and Revenue Opportunities for Cities | Big Data and Municipal Revenues

By Albert Gibosse | Blue Label Weekly Magazine | Website |

The Ideal Thing Is For Smart City Initiatives To Also Provision To Capitalize Awesomely By Leveraging Big Data And IoT

Designing future-focused smart-city initiatives must include a redundant sensor network

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along with smart Wi-Fi connectivity to adequately cover the target area. Likewise, you must leverage data to ease decision-making and in making effective predictions to ensure that your smart city initiative is future-proof.

 

Effective and efficient initiatives must include tight collaboration between the municipality, internet provider, data provider, as well as other crucial players. Crucial infrastructures must include smart WiFi access points, smart lighting and video nodes as well as smart kiosks, toward laying a redundant foundation on which the city can begin to collect data on users’ behaviors.

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Building a solid foundation for smart city infrastructure will enable city leaders to be able to solve more problems in the most effective manners. The best thing is to provision for future-proof architecture. Once the technology figures out how to measure the heartbeat of the city, then it can be shown in the data where that heartbeat is showing arrhythmia. If you can figure that out, you can get your cardiologist involved earlier rather than later.

 

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Implementing a Real-Time Lab

The best entrepreneurial component of a Smart City initiative must include a sophisticated platform that includes a real-time Lab in which innovators can create solutions within the smart city framework. A real-time lab has many benefits, which include attracting new solutions to persistent city problems, enabling real-time testing as well as commercializing technologies that are suitable to city dwellers. After your project come into fruition, tech firms and other cities in your region and/or country can use this smart city as a testbed for other smart city applications or projects.

 

Likewise, the real-time lab can also serve as an economic development initiative that will attract companies from all over the world. Specific areas of focus can be transportation, public safety, infrastructure, water and energy, and beyond….

 

This presents a good opportunity to showcase this smart city initiative as a model that can be emulated with minor customization.

 

Sensors’ cost reduction

One important factor to consider is determining how to significantly reduce sensor costs, which may entail transforming the city’s existing traffic cameras into sensors themselves for the Smart City, thereby, eliminating the need to purchase new sensors altogether. As with any project, the value of the cost savings will depend on what software vendor(s) is/are chosen.

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Analytics can be obtained from video feeds as well as parking and traffic data from sensors that the city is already receiving.

 

That said, the ultimate goal is to extend the sensor platform throughout the city at a much less expensive proposition.

 

Municipal kiosks Generating Revenues For The City

Municipal Kiosks with voice-search capability provide convenience as they can offer the passerby with such information as events, restaurants, weather, real-time Smart City data and beyond….
Likewise, smart cities can benefit from kiosk advertising sales through human interactions.

Municipal kioks can also include features, such as games and selfie capabilities, through pedestrian engagements, as well as enabling businesses to post messages in real time, toward generating revenues.

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