Many share the hope that today’s troubled urban centers can be transformed into tomorrow’s smart cities. At a recent conference, “Smart Utilities: A Bridge to Smart Cities of the Future,” co-sponsored by Suez and Wharton’s Initiative for Global Environmental Leadership (IGEL), some early pioneers in this effort shared their experiences and thoughts.
Rather than tackle individual projects piecemeal, as so many cities have done, Philadelphia’s Office of Innovation and Technology (OIT) decided to create a roadmap that would guide and ensure long-term coordination of its wide-ranging projects.
Utilities are among those embracing the promise of smart technology by collecting and sharing data with customers. They — and others providing critical services to cities, campuses and industry — are using human and machine intelligence to capitalize on the data pouring in from these smart systems. And they are finding ways to save money by sharing resources and collaborating.
Few of the methods traditionally used to finance infrastructure projects are of much help when it comes to funding smart city initiatives. Fortunately, creative new approaches are being pioneered by cities, utilities, investors and businesses across the country.