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      European cities open up treasure chests of data to stimulate innovation


      News provided by

      Frost & Sullivan

      24 Jun, 2015, 09:00 GMT

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      However, Frost & Sullivan survey finds limited progress towards commercialization of public sector information

      LONDON, June 24, 2015 /PRNewswire/ -- European cities are leveraging their data sources in order to address high-priority objectives: to reduce traffic congestion, improve energy efficiency, engage citizens, and present government as accessible and accountable. However, the approach today is typically project-based. More integration across organisational silos will be needed to achieve their longer-term goals such as economic growth and development of an indigenous tech sector.

      Photo - http://photos.prnewswire.com/prnh/20150623/224928

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      Frost & Sullivan

      New analysis from Frost & Sullivan, "Real-Time Cities Survey" (http://www.frost.com/mb02), finds that municipalities aim to do much more than simply make existing information and transactions accessible online. They are embracing open innovation and experimenting with advanced applications such as 3D mapping and Virtual Reality (VR) to reduce the cost of urban planning functions.

      The survey asked leading real-time cities about their data-centric strategies and initiatives. Responses from 27 cities in East and West Europe are represented in a Heat Map that highlights longer-term progress towards commercialization.

      For complimentary access to more information on this research, please visit: http://owl.li/OBTqs

      "Public sector information (PSI) is being published on open portals and used internally to improve the efficiency of public sector services," says Principal Analyst for Information & Communication Technologies Europe, Sheridan Nye. "Cities are also collaborating with academic partners and ICT vendors to build governance best practice into data transactions. This is the necessary foundation for commercialisation of data-enabled services in the near future."

      In a related report, "Open Data Strategies of Real-time Cities" (http://www.frost.com/mad2), Frost & Sullivan profiles four leading European cities – Milton Keynes, Grand Lyon, Helsinki and Dublin.

      Each sees an opportunity to stimulate economic growth by opening up their substantial sources of data to digital services innovators. In return, applications developers and Information and Communication Technologies (ICT) suppliers benefit from access to the city as a live test bed, both for R&D and as a high-profile, proof of concept.

      "Cities are saying they want suppliers to engage with local priorities rather than promote one-size-fits-all, end-to-end solutions," says Nye. "However, the danger is that the market fragments and vendors struggle to build the economies of scale."

      Longer term, multiple opportunities exist for vendors as cities prepare to integrate ICT into core operations. "Early investors can get a head-start in developing these data-centric solutions to try to become the Google of real-time cities," adds Nye. "As projects reach the end of their funding, typically 3 to 5 years, managed services providers will tender for a lucrative and wide-ranging role that will be central to the city's development."

      Frost & Sullivan's Real-Time Cities Survey addresses the following questions to respondents:

      • What are the goals of real-time city initiatives?
      • How are cities using big or open data to improve public service delivery?
      • Who are the providers and consumers of data?
      • How are cities adopting open source software?
      • How are cities financing their digital services projects? 
      • How are cities collaborating?

      About Frost & Sullivan

      Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

      Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

      • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
      • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

      For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

      Contact Us:     Start the discussion

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      Register:         Gain access to visionary innovation

      Contact:
      Edyta Grabowska
      Corporate Communications – Europe
      P: +48-22-481-62-03
      E: edyta.grabowska@frost.com

      http://owl.li/OBVgo 
      http://www.frost.com 

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