Analysis of Smart City Opportunities in Latin America

Nov 24, 2015, 12:38 ET from ReportBuyer

LONDON, Nov. 24, 2015 /PRNewswire/ -- Analysis of Smart City Opportunities in Latin America : Case Studies Indicate the Concept is Slowly Gaining Traction in the Region

Executive Summary

-As cities grow and become metropolises or megalopolises, they must confront challenges related to energy and water availability, general infrastructure, sanitation, health, and other basic services.

- While many cities want to become smart cities, most of their initiatives center on green concepts only. Smart cities apply technology to become more efficient in the use of resources, saving energy, improving services, and promoting sustainable development.

- The goal of a smart city is to solve major problems that citizens face daily through modernized management that encourages greater interaction between citizens and institutions to achieve better quality of life.

- The smart city concept is still developing in Latin America as many cities confront problems such as drug trafficking, pollution, and congestion. Management is not known for efficiency, and there is much less transparency than in cities located in more developed regions.

Frost & Sullivan analysts reviewed numerous smart city projects and initiatives being undertaken globally and found 8 parameters that were indicative of what constitutes a smart city. Frost & Sullivan has defined smart cities as those that are built on "smart" and "intelligent" solutions and technology that will lead to adoption of at least out of parameters: smart governance and smart education, smart energy, smart building, smart mobility, smart infrastructure, smart technology, smart healthcare, and smart citizen.

- This study identifies key smart cities in Latin America, what has been done in their development, and the long path to follow. It details the most relevant initiatives in the region.


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