For Smart Cities, What Comes First? The Budget or the Plan?
Strained budgets may be holding back many municipalities whose leaders understand the benefits of smart city systems but lack the money to support them. Yet, a question is emerging that potentially turns that notion on its head: How can a city know what it can’t afford until it identifies what it needs?
The story of smart city system adoption is almost always a tale of two overarching visions. One approach appears to save money and demonstrate the promise of advanced technology through gradual upgrades, such as smart street lighting or electric vehicle charging stations. Another strategy takes the longer view, using root-level master planning to holistically rethink a community’s energy, water and other critical infrastructure from the ground up.