As living labs, cities and regions allow the testing of solutions, create a favourable economic environment and thus help to foster the digitalisation of industries. Cities and regions across Europe are striving to act beyond the simple publication of available information, by demonstrating concrete applications illustrating the key benefits of open data initiatives. Ensuring local access to technologies and data has become a catalyst for change. It increases the accountability of local governments, the creation of citizen-centric and more efficient public services as well as the emergence of the right framework for local firms to experiment and innovate and to develop real-time city technologies.
European cities and regions need to move forward and address issues related to smart innovation and the creation of the right framework and space to experiment with more innovation and digital transformation. By opening up their public datasets online, cities and regions have found a new opportunity to spur innovation and economic growth. However, the cost for the collection and processing of public data can sometimes prove prohibitive and therefore raises the question of the monetisation of data. The majority of local governments make their data freely available however a considerable part of local authorities are rethinking their open data strategy. Different licence models exist for the provision of public data. There’s no doubt that the smart city movement is growing by leaps and bounds.
3 key success factors
- Develop a digital city strategy
- Open access to data through the launch of open data platforms
- Ensure local access
The future of cities and regions is digital
Future of digitalization seems to be a strategic mix of interconnectedness, accelerating and multi dimensional business development with exponential opportunities regarding value creation processes. A comparison between traditional analog logic and the new digital logic makes a clear focus on some of the important differences betweenthe two logics.