A Closer Look to the Future of Smart Cities

Abstract

Based on an extensive literature search and with reference to our earlier works, we have examined the progress made towards realising the Smart City vision. We find limited evidence of progress in moving from a small number of highly successful pilots to widespread adoption. We interpret this in terms of the “chasm”, identified by Moore, which has to be crossed to successfully address the main market. We believe that to make progress, clearer funding approaches and common implementation models need to be developed. Moreover, closer and more purposeful collaboration between the demand and supply sides of the commercial ecosystem is required.