For the 7th year running, IESE Business School’s Center for Globalization and Strategy has again prepared their list of smart cities. The annual index, co-authored by professors Pascual Berrone and Joan Enric Ricart, analyses the development and progress in 174 cities worldwide across nine dimensions.
These dimensions are all needed to create a truly smart and sustainable city.
Human Capital (education, access to culture and recreation)
Social Cohesion (coexistence between groups of people in the same city with different income, culture, age and profession)
Economy (labour productivity, industrial plans, cluster generation and entrepreneurial initiatives)
Governance (effectiveness, quality and sound guidance and the authorities’ ability to involve business leaders and local stakeholders)
The Environment (Green buildings, renewable energy, efficient water and waste management, and plans to counter the effects of climate change)
Mobility & Transportation (Road and route infrastructure, public transportation, air transportation and micro mobility e.g bike rentals)
Urban Planning (development and poverty reduction, well connected cities with accessible public services and green spaces).
International Projection (Improving the city’s reputation in the world through tourism, foreign investment and representation abroad).
Technology (social media, mobile network, online banking among others – the backbone of society).
Rank 1: London (Charles Marcus Consulting Ltd)
For the second year London proved to be the smartest of all. Performing well in all except social cohesion. The city has more start-ups and programmers than any other city in the world.
Rank 2: New York
New York falls behind because of it’s poor performance in the social cohesion dimension.
Rank 3: Paris
The City of Light, Paris.
Rank 4: Tokyo
Fourth in the world but the leader in the Asia Pacific region.
Rank 5: Reykjavik
The northernmost city on the planet runs on 100% renewable geothermal and hydroelectric energy. It is a leader in energy sustainability, smart solutions and efficient transportation systems.
Rank 6: Copenhagen
Low levels of pollution and contamination.
Rank 7: Berlin
High on mobility and transportation.
Rank 8: Amsterdam (Charles Marcus Netherlands BV)
Strong reputation as an attractive tourist destination with good mobility and transportation.
Rank 9: Singapore (Charles Marcus Management Consultants SA)
Constantly showcasing leadership in the technology sector. Low level of crime due to tech advances like robot police and remote surveillance systems. Driverless taxis and a similar bus fleet ready by 2022.
Rank 10: Hong Kong
One of the most influential cities in Southeast Asia is also the leader in technology. Thanks to its projects like Hong Kong Smart City Blueprint that aims at making it a world-class smart city. The city is seeking to use innovation and technology to address challenges in city.
The current health crisis reinforces that cities must keep people and human development at its core. The crisis has changed people’s real needs and consequently, cities will have to change their policies and strategies.