WHERE IS THE MONEY? FINANCING THE CONVERSION TO A SMART CITY

WHERE IS THE MONEY? FINANCING THE CONVERSION TO A SMART CITY

16 June, 16:15–17:30

The impact of smart city applications is real and tangible. Leveraging the combination of sensory systems, the Internet of Things, cloud computing, and intelligent metering applications, municipalities worldwide are able to deliver high-quality services at vastly reduced prices. However, retrofitting the modern urban landscape is costly and the financing models are immature. Who is typically participating in the financing of the transition of municipalities into “smart cities”? What resources will be needed and what will be the consequences of such a transformation?















Broadcast

Key moments

It’s very important to localize right technology in the country to make the integration of smart solutions happen.
Emmanuel Babeau
A “smart city” is not a city where poor people use electronic cards, but where even rich people use public transportation.
Carlos Menendez
Introduction of smart networks in Russia would make it possible to reduce network losses by a quarter, which in monetary terms would be at least 90 billion roubles.
Anton Inyutsyn