Answer to Question #255176 in Accounting for darshana shewale

Question

3. The concept of the “smart city” has recently been introduced as a strategic device to 

encompass modern urban production factors in a common framework and, in particular, 

to highlight the importance of Information and Communication Technologies (ICTs) in 

the last 20 years for enhancing the competitive profile of a city. The demand for smart 

cities has increased in recent years. 

 

a. In order to meet the demand of a smart city project in a country like India, with the help 

of any smart city project, describe some of the key elements for such smart cities. 

(5 Marks)

b. Mention the importance of smart cities and challenges in managing smart cities.

Answer 1

Solution:

a.). An example of a smart city project in India is the Indore smart city. In order to meet the demand of a smart city project in a country like India, the key elements that must be present include the following:

·        Adequate water supply.

·        Solid waste management.

·        Built-heritage conservation and heritage street development.

·        Efficient public transport and urban mobility.

·        Robust IT connectivity and digitization.

·        Affordable housing.

·        Efficient and adequate electricity supply.

 

b.). The importance of smart cities includes the following:

·        Efficient distribution of resources.

·        Seamless communication.

·        Speed of implementation of policies and decisions.

·        Preservation of the environment.

·        Improved energy efficiency and health.

·        Enhancement of a safe city.

·        Better citizens collaboration and feedback.

 

Challenges in managing a smart city are as follows:

·        It requires a complicated and costly infrastructure.

·        Security challenges due to its vulnerability to hackers.

·        It requires smart citizens who are actively engaged and taking advantage of new technologies.

·        Privacy concerns.