OYSTER BAY, N.Y. - May 2, 2018 (Investorideas.com Newswire) Ranked as the top smart city, Singapore scores highest on all innovation criteria with a special focus on Mobility-as-a-Service (MaaS) and Freight-as-a-Service (FaaS) to maintain its leading role as a transportation and freight hub with driverless taxis, autonomous shuttles and platooning trials and projects, according to a new competitive assessment report by ABI Research, a market-foresight advisory firm providing strategic guidance on the most compelling transformative technologies. Additionally, Singapore's Smart Nation initiative addresses a wide range of urban issues linked to high-density living.
The Smart City Ranking competitive assessment ranked 10 megacities across developed regions: New York (United States), Los Angeles (United States), Paris (France), London (United Kingdom), Dubai (United Arab Emirates), Beijing (China), Shanghai (China), Singapore (Singapore), Tokyo (Japan), and Seoul (South Korea) based on ABI Research's proven innovation/implementation criteria framework. Each city was analyzed according to their innovation programs, strategies and implementation achievements measured through verifiable metrics for congestion, air quality, GDP, crime rates, and cost of living. In terms of innovation, cities are assessed on the extent of which they are embracing out-of-the-box thinking and planning to deploy disruptive technologies to fundamentally address the issues and challenges of megacities of the future across areas like mobility, transportation, energy, education, healthcare, and public services.
"Singapore and second-placed Dubai emerge as smart city leaders, excelling in innovation in terms of the adoption of next-generation technologies and disruptive smart city paradigms as structural solutions for hard problems. Dubai is leading the way in the implementation of distributed ledgers with all government transactions to be processed via blockchain technology by 2030," said Dominique Bonte, Vice President End Markets at ABI Research. "Both cities also score high across most of the implementation criteria like congestion management, crime prevention, and safety. Dubai actually has a "Happiness Index" which monitors the quality of public services and is aimed at improving overall citizen satisfaction."
London's third place is largely due to its advanced open data policies enabling a wider ecosystem of smart city application developers and start-ups. It forms part of a larger group of followers with New York, Paris, Tokyo, Seoul, and Los Angeles engaging in multiple smart cities programs but often lacks a more ambitious vision to adopt transformative technologies and paradigms, usually linked to the legacy nature of their aging infrastructure. They also typically struggle with one or more implementation metrics like crime, congestion, or cost of living.
Somewhat surprisingly, Shanghai and Beijing were assessed as laggers, coming in at rank 9 and 10 respectively. Despite both cities' efforts to deploy technologies like smart meters and smart grids, bike sharing, vehicle electrification, smart parking, and smart cards, they continue to face formidable issues related to congestion and pollution and trail the other cities on economic development in terms of GDP per capita. At the same time, both cities have huge potential to improve their ranking in the future as they continue to evolve their smart cities solutions from basic sensor-centric technologies to more advanced approaches while benefiting from expertise gained during trials in smaller cities in China.
These findings are from ABI Research's Smart Cities Competitive Assessment report. This report is part of the company's Smart Cities research service, which includes research, data, and Executive Foresights.
About ABI Research
ABI Research provides strategic guidance for visionaries needing market foresight on the most compelling transformative technologies, which reshape workforces, identify holes in a market, create new business models and drive new revenue streams. ABI's own research visionaries take stances early on those technologies, publishing groundbreaking studies often years ahead of other technology advisory firms. ABI analysts deliver their conclusions and recommendations in easily and quickly absorbed formats to ensure proper context. Our analysts strategically guide visionaries to take action now and inspire their business to realize a bigger picture. For more information about ABI Research's forecasting, consulting and teardown services, visionaries can contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.
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