A city can be defined as smart when it displays positive performance in these three fields, and when it has been built based on a “smart” combination of elements (communications, infrastructure, economic development) and on purposeful and independent citizen activities (participation, education) that make sound management of the available resources through open governance.
FACTORS THAT DEFINE A “SMART CITY”
Four main sources of value
It is sustainable: using digital technology to reduce costs and optimise resources, in a way that its current administration does not compromise the use of these by future generations.
It is inclusive and transparent: it has direct channels of communication with the public, operates with open information and allows the budgets invested in to be monitored.
It generates wealth: offering suitable infrastructure to generate high quality employment, innovation, competitiveness and business growth.
It is made for the public: using technology that improves the quality of people’s lives, giving quick access to more efficient public services.
Ecosystem of actors in the value chain of a Smart City
