Cost: Adding cameras, sensors, and computing devices to city infrastructure takes funding. However, costs can be offset through an incremental build-out or by expense reductions and new revenue streams resulting from smart technology use.
Data management, security, and privacy: Once installed, smart city technologies create and depend on massive amounts of data. Collecting data, plus cleaning, analyzing, and sharing it across systems is a huge effort. Additionally, protecting people’s privacy and the city’s information is critical. Addressing data management and systems integration with smaller projects over time, using hardware-based security technologies and end-to-end measures, can help cities tackle these challenges in a secure manner.