Cisco announces Smart City Score card for Sustainable Living

By VARINDIA - 2018-07-11

Cisco announces Smart City Score card for Sustainable Living

The International Data Corporation (IDC), in association with Cisco and the Federation of Indian Chambers of Commerce & Industry (FICCI), has launched a report titled “Smartest Cities of the Future”. The report outlines a framework that focuses on sustainable and inclusive (social, economic, and digital) development, and a smart city scorecard to measure the impact of intelligent solutions.

 

The report recognizes that for sustainable urbanization, cities need to adopt a framework that is socially equitable, economically viable and environmentally sustainable. The report emphasizes the challenges of urbanization and recommends five major thrust areas –

 

* Continued innovative thinking and the empowerment of smart city decision makers to balance between risk and value.

Enhancing execution capabilities through strategic public-private partnerships

* "Matchmake" the government demand with a sustained supply of technology innovation 


* Smart City planners will need to invest in the concept of value capture funding and the immense benefits it brings

* Smart City solution providers will need to craft go-to-market strategies that consider the customers’ and citizens’ desires for end-to-end solutions


 

The report highlights the Cisco Golden Mile project at Vijayawada and its societal, economic, and environmental impact. IDC, along with the state government of Andhra Pradesh, monitored and analyzed the efficiency and efficacy of the smart solutions deployed in the city against the Smart City Score Card comprising five critical parameters – digital inclusion, citizen convenience and engagement, public safety, revenue impact and environmental impact. IDC observed that 46% of citizens (respondents) have used the smart services and have recognized that technology has positively impacted their lives. In addition to that, 79% of respondents felt more secure after the Vijayawada city administration deployed smart surveillance solutions.

 

IDC also observed that the power savings from a basic hypothesis of a city-wide smart initiative, such as smart lighting could help Vijayawada Municipal corporation save up to Rs.35 crore per year (approximately US$5.22 million) 


 

The report highlights the need for Value Capture Funding (VCF). The VCF framework is to better distribute the costs and benefits in funded infrastructure to facilitate a project that may perhaps otherwise not be taken up at all. The VCF framework is significant, as it enables private partners to participate and run projects that are sufficiently planned and backed by governmental agencies through value and risk sharing

 

Sameer Garde, President, Cisco India and SAARC, says, “India is urbanizing rapidly and it is critical that our cities become ‘Smarter’ to offer better lives for citizens, foster innovation as well as drive economic growth. The findings of this report focuses on digital inclusion, citizen convenience and engagement, impact on public safety, revenue and environment, which are critical pillars to make cities competitive and sustainable. As outlined in the report, the impact of Vijayawada Golden Mile on the state economy, citizens and environment emphasize the role technology can play as an enabler of growth and sustainability. This report is a great example of how states can leverage technology in tackling infrastructure challenges, improve social, economic and environmental sustainability and provide next generation of services to its citizens.”


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ZAP


2018-12-26


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