The technical requirements of various Smart City projects in the Asia/Pacific region can be addressed by strategic technology sourcing, according to IDC Government Insights.
A new report by the research firm indicates that this type of sourcing can address the ICT funding and solution requirements of the Asia/Pacific Smart City region.
Most projects in this initiative were created based on innovative and outcome-based strategic objectives and these can be successful if Smart City executives are unambiguous in their outcome-based strategic objectives
All participating stakeholders in this initiative should be able to design solutions that will provide benefits to the Smart City project in a measurable way.
"Partnerships across the Smart City ecosystem will become paramount for cities to successfully implement transformative solutions that meet strategic goals," said Ruthbea Yesner Clarke, research director of the Smart Cities Strategies, IDC Government Insights. "The procurement model is a key consideration within these government-supplier partnerships."
Project executives should ensure the initiative is sustainable and all issues pertaining to the political nature of strategic ICT sourcing in the Asia/Pacific have to be addressed in an effective manner.
Chances for success can be increased by focusing on several factors including having a strong public sector presence, team continuity, and enhanced project management competency.
Solution providers should be prepared to commit both funding and resources where required as per the report, "Best Practices: Strategic ICT Sourcing for Critical Infrastructure and Management Competencies in Asia/Pacific Smart Cities - Through the Lenses of Regional Case Studies."
Gerald Wang, research manager, IDC Government Insights recommends city planners and government leaders to evaluate ICT 'build or buy' decisions meticulously and strategically.
"While strategic ICT sourcing techniques can be used to ensure clarity with the expected outcomes, enact new innovative ways of sourcing partnerships as well as secure long-term funding commitments, it is critical to constantly exercise prudent considerations," said Wang.