Tuesday, March 31, 2020

2018 Smart City Indicator Survey – Asia

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Johnson Controls Building Technologies and Solutions (An Ireland-based organization) has released its report for the second annual smart city indicator survey. The survey tracks key drivers, organisational barriers, technology trends, and the status of smart city solution implementations around the world.

The survey reports that about four per cent of buildings in India are “green” but a lack of technical expertise to execute projects and funding to pay for improvements is the biggest barriers to investment in India. India even though a slow starter is catching up. About 46% of the organisations surveyed in India are willing to pay a premium to lease space in a green building .India is on track to be consistent with the global average of 14%

The survey notes that cities are increasingly looking to implement applications that will improve sustainability and the environment while creating jobs, improving public safety and reducing costs. The Survey also enumerated some of the key drivers in energy investments like greenhouse gas footprint reduction, increasing energy security and increasing building resilience.

The survey was conducted in 20 countries with 330 and more city leader including Argentina, Brazil, Canada, Chile, China, Colombia, France and the United States, besides India

17% have published their smart city strategy and 15% are implementing in Asia

TOP BARRIERS TO INVESTMENT

  1. 19 %  lack of private sector engagement
  2. 15%  lack of standards
  3. 13%  availability of funding

UNAVAILABILITY OF APPROPRIATE FINANCING OPTIONS

  1. 42% of respondents identify unavailability of appropriate financing options as the top financial barrier

METHODS FOR FINANCING SMART CITY PROJECTS

  1. 45% State and federal government funding of cities
  2. 36% Public-private partnerships
  3. 34%City funding
  4. 17%Utility funded
  5. 06%Private sector funded
  6. 06%Userfunded

TECHNOLOGY TRENDS EXPECTED TO HAVE IMPACT OVER THE NEXT FIVE YEARS

  1. The Internet of Things (IoT)
  2. Data analytics
  3. AI / Machine learning
  4. Cyber security
  5. Systems Interoperability Standards

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