Other high ranking cities on Juniper’s list include Barcelona, London was third, San Francisco came in fourth and Oslo, Norway fifth.
Juniper Research conducted an extensive study of cities globally. The firm’s metrics to evaluate highest ranking cities include technology, transport, energy, open data and economy – among some other 40 metrics.
According to a company release, rapid urbanisation, limited resources and the desire to remain competitive has resulted in smart cities becoming a global phenomenon.
[quote] Accelerating Singapore’s position to first place was its smart mobility policies and technology. The city’s fixed and cellular broadband services, city apps and strong open data policy led to it taking the top spot for 2016.
Steffen Sorrell, research author, said: “Congestion and mobility are almost universal issues for cities to address. When addressed effectively, the impacts are substantial: higher economic productivity, potential for new revenue streams and services as well as a measurable benefit in reduced healthcare costs.”
Global smart cities development
Second in the running for the smartest city in the world is Barcelona, which was 2016’s Global Smart City. According to Juniper Research, Barcelona was particularly strong with regards to its energy and sustainability policies. The firm added that London’s score suffered as a result of weak renewable energy sourcing and relatively poor energy use reduction initiatives.
Smart grid technology uptake is on the rise globally says Juniper, “Additionally, the research found that deployment of smart grid technologies has found its way onto the agenda for cities across the globe.
“Alongside increased pressure on resources from urban migration, this common goal is driven, in large part, by a shift towards ‘new renewable’ energy sources such as solar power and wind generation. North America and parts of Asia in particular, are showing strong investment in renewable energy technologies.”
Juniper Research expects that the smart grid technology deployment will deliver US$18.8 billion in cost savings in 2021 – through reduced energy use and avoided economic costs from emissions.
The savings in emissions would be equivalent to the emissions produced by nearly 15 million homes annually.