Research field: Urban Studies and Planning
Title: The economic value of smart city technology
Abstract: 1. IntroductionEconomy is the main determinant of smart city proposals, and a city with a significant level of economic competitiveness (Popescu, 2015a, b, c, d, e) has one of the features of a smart city. The economic consequences of the smart city proposals are business production, job generation, personnel development, and enhancement in the productivity. The enforcement of an ICT infrastructure is essential to a smart city's advancement and is contingent on several elements associated with its attainability and operation. (Chourabi et al., 2012) Smart city involvements are the end results of, and uncomfortably incorporated into, present social and spatial configurations of urban governa nce (Br a tu, 2015) a nd the built setting: the s ma rt city is put together gradually, integrated awkwardly into current arrangements of city administration and the reinforced environment. Smart cities are intrinsically distinguished, being geographically asymmetrical at a diversity of scales. Not all places of the city will be similarly smart: smart cities will favor some spaces, individuals, and undertakings over others. An essential component of the smart city is its capacity to further economic growth. (Shelton et al., 2015)2. The Assemblage of Participants, Tenets and Technologies Related to Smart City InterventionsThe "smart city" notion has arisen from long-persisting opinions regarding urban technological idealistic schemes (Lazaroiu, 2013) and the absolutely competitive city. Smart cities are where novel technologies may be produced and the receptacles for technology, i.e. the goal of its utilizations. The contest to join this movement and become a smart city has stimulated city policymakers to endogenize the performance of technology-led growth (Lazaroiu, 2014a, b, c), leading municipal budgets toward financings that present smart city standing. The boundaries of the smart city are generated both by the lack of data utilizations that can handle shared and not separate solutions and by the incapacity to aim at indefinit e features of cities that both enhance and blemish from the standard of urban existence for city inhabitants. Smart city technology fina ncings are chiefly composed of a meliorations inst ea d of genuine innovations, on the cit izen consumer side. (Glasmeier and Christopherson, 2015) The notion of smart city as a method to improve the life standard of individuals has been achieving rising relevance in the calendars of policymakers. The amount of "smart" proposals initiated by a municipality can lead to an intermediate final product that indicates the endeavors made to augment the quality of existence of the citizens. The probabilities of a city raising its degree of smartness are contingent on several country-specific variables that outweigh its economic, technological and green advancement rate. Public administrations dema nd backing to organize the notion of the smartness of a city (Nica, 2015a, b, c, d), to encapsulate its ramifications, to establish standards at the global level, and to observe enhancement chances. (Neir otti et a l., 2014) T he gr owth of smart cit ies is assisting the rise of government employment of ITCs to enhance political involvement, enforce public schemes or supply public spher e ser vices. Ther e is no one wa y to becoming smart, and diverse cities ha ve embraced distinct adva nces that indicate their specific circumstances. The administration of smart cities is dependent on elaborate arrangements of interdependent entities. (Rodriguez Bolivar, 2015)The association of smart (technology-enabled) solutions to satisfy the leading societal difficult tasks and the concentration on the city as the chief determinant of alteration bring about the notion of the "smart city." The rise of novel technologies to assess and interlink various facets of ordinary exis- tence ("the internet of things") is relevant in the progression towards a smart city. The latter is attempt ing to encourage a nd adjust innovations to the demands of their citizens (Pera, 2015a, b) by urging synergetic advancement of inventions with various stakeholders. …
Extracted statement — has research problem: Smart cities