The second stakeholder meeting was held on the 10th of April in Budapest, Hungary. Once again, a cluster of urban development professionals, representatives of municipal departments dedicated to city management, urban planning, the environment, and technology providers have engaged in discussing the practical challenges of smart city transition. The goal of the second workshop was to introduce and refine the possible business models for SmartCEPS, and to identify the practical pitfalls a market entry could entail. In particular, since the values of smart cities would ultimately precipitate at cities, their capabilities to support and uptake a smart city framework was in focus. Issues ranging from data collection capacities, limitations and opportunities, the quality of public databases, to the administrative processes within municipalities were discussed. Outputs of the meeting will be applied to further develop the business case for SmartCEPS, clarifying what role each stakeholder can and cannot fulfil, how could they get the most value out of SmartCEPS services and what are the best channels of implementation.
According to the participants, a key obstacle any smart city development faces, is the scarcity of data, which cannot be adequately collected by public data managers, and are distributed at an array of sectoral data owners, such as utility operators. Another challenge is the tight room for manoeuvre for municipalities, burdened with rigid, siloed administrative structure, lack of smart city-related expertise, and lack of funding to lead the way in smart city transition. A key lesson learned is that no single actor in the smart city nexus is well equipped to drive smart transition of cities, but municipalities, citizens, technology providers, and consulting bodies have the potential to combine their distinct, complementary values to do so.