5 useful tips:
1. Vision: Successful Smart City visions should be ambitious but specific, with clear criteria and timeframes to measure success.
2. Ecosystem: Public-sector stakeholders are critical in making cities smarter, but traditional government silos can hinder progress. Future smart cities must convene problem solvers and think beyond traditional boundaries.
3. Governance: In seeking to unite a diverse ecosystem of stakeholders, smart cities need defined governance: articulated responsibilities, appropriate information sharing to decisionmakers, and authority given to decision-makers.
4. Technology underpinnings: The technology required for each Smart City will differ according to its needs, but all smart cities should integrate foundations like system architecture, data governance, interoperability, and cybersecurity.
5. Funding: Novel approaches to municipal governance deserve novel approaches to financing. Crowdfunding, public and private funding from joint enterprises, partnerships can supplement traditional sources like tax revenue and municipal bonds.