42_European business magazine autumn 2021

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overning Smart Cities, a report released today by the World Economic Forum, provides a benchmark for the ethical and responsible use of smart city technologies by looking into the inner workings of 36 Pioneer Cities. The authors of the report seek to help city leaders identify gaps, protect long-term interests and keep up with the pace of technology. According to the report, cities of all sizes, geographies and levels of development have serious governance gaps, such as the failure to designate a person accountable for cybersecurity or to assess privacy risks when procuring new technology systems. However, leaders can close these gaps and protect long-term interests by acting now. Written in partnership with Deloitte, the report follows the call to action from G20 ministers in 2019 that resulted in the creation of the G20 Global Smart Cities Alliance. The Alliance and its partners represent over 200,000 cities, local governments, leading companies, start-ups, research institutions and civil society communities. It acts as a platform to help cities strengthen their knowledge, expertise and governance of smart city technologies. The Forum is its secretariat. The 36 Pioneer Cities surveyed span six continents and 22 countries, and have populations ranging from 70,000 to over 15 million. Policy experts and government officials were interviewed from January to March 2021 to assess the implementation of a set of five essential policies identified by the G20 Alliance last year.

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Key findings • Nearly all the cities surveyed – including those that are generally regarded as leading global cities – have critical policy gaps related to their governance of smart city technologies • D e s p i t e a n u n p r e c e d e n t e d increase in global cybersecurity attacks, most cities have not designated a specific government official as ultimately accountable for cybersecurity. • While the majority of cities recognize the importance of protecting the privacy of their citizens, only 17% of cities surveyed carry out privacy impact assessments before deploying new technologies. • Less than half of the cities surveyed have processes in place to ensure that technologies they procure are accessible to elderly residents or individuals with limited physical abilities. • Open data policy is perhaps the only area in which most cities in the sample have achieved a level of basic implementation. Even here, only 15% of the Pioneer Cities have integrated their open data portals with their wider city data infrastructure, which is a necessary step towards making a city “open by default”. “Cities are continuing to invest heavily in new technologies to automate and improve city services and urban life. Yet our findings validate our fears that most cities are falling behind when it comes to ensuring effective oversight

and governance of these technologies,” said Jeff Merritt, Head of Internet of Things and Urban Transformation, World Economic Forum. “The G20 Global Smart Cities Alliance is working with cities across the globe to address this gap, beginning with more than 15 policy workshops with city officials this summer.” “Cities have an array of opportunities to become more resilient and sustainable. Technology is an enabler but, to fulfill its full potential, Cities need to revise their governance, operational, and financing models. Here lies the biggest challenge Cities face. Deloitte is proud to have worked with the Forum in this initiative. It is fundamental for us all to gain consciousness of the complexity of the issues and focus on how the moment we are all living can be a key opportunity”,


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Saint Lucia: Beyond the Beaches

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pages 90-91

Stealing Ideas – Prevention is Better than Cure

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pages 92-96

Can Bitcoin Even Be Regulated?

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What You Need to Know About Ad Fraud

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As cities fill tech gaps, power of smart cities unleashes, report finds

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AI In Banking - Hype Or Revolution

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Not all Intent Data is created equal

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Why is Skills Management important? And how can you succeed in your strategy?

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CEO Interview: Anders Hagberg

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Businesses Are Using Skills Management Software To Build For The Future

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Forget ChatBots – here’s why Conversational AI is the future of workplace training

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How to create a culture that unlocks growth

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Now is the time for finance leaders to take on a more strategic and valuable role

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The Circular Economy: Where We Are and Where We Will Be in Five Years

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Turning back the crypto clock and answering the ‘what ifs’

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Educating and Training The Next Generation Of Data Scientists, Lab Technicians, Cyber Defenders and Programmers

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Getting the start-up infrastructure right to support tech entrepreneurs

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The art(s) of data science: Advocating for storytellers in analytics

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How Search Engines Really Work

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DP WORLD at the forefront of sustainable industry efforts in Europe

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European Business Magazine Interviews OenoGroup Founders Michael Doerr and Daniel Walker

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Wine Investment: Diversifying and De-Risking Portfolios

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Sweden - A Fintech Mecca

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ASEAN Digital Generation Survey Calls for Joint Action for an Inclusive and Sustainable Digital Economy

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What Is Jewellery? Criss-cross through the Jewellery Museum’s collections

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IBM Unveils AI-Driven Software for Environmental Intelligence Helping Businesses Address Sustainability Objectives and Climate Risk

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The great “return to work” and why we need to look at office space differently

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Profile Interview: Thomas Johann Lorenz

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page 27

Uncapped Offers 1000 European Founders £50,000 in Fee-Free Capital

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Remote possibilities: can your organisation unlock greater ROI from hybrid working?

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How we stop the next petrol panic in its tracks?

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Bottomline Announces New Strategic Partnership With MRI Software

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Questionnaire

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How businesses should prepare for changes in the commercial real estate sector

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News

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Richard Ells explains what the ETN-Network future holds after the most exciting blockchain update yet!

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