3 . CO-CREATION AND SHARED KNOWLEDGE VIA DISTRICTS AND CONFERENCES
“ Deploying a range of applications to the best reasonable extent could cut emissions by 10 to 15 %, lower water consumption by 20 to 30 %, and reduce the volume of solid waste per capita by 10 to 20 %”
— McKinsey
3 . CO-CREATION AND SHARED KNOWLEDGE VIA DISTRICTS AND CONFERENCES
“ We have observed a ready willingness for many of the top-ranked cities in our study to accept that they may not have all the answers ,” comments the Eden Strategy Institute . In order to really drive innovation and ensure that the city is striving to connect , protect , and enhance the lives of its citizens , cities should look to involving outside stakeholders - businesses , startups , students and the public - to develop a larger variety , volume , and quality of insights , ideas , and feedback to establish the most cost-effectively and functional smart city .
Currently , “ cities around the world are increasingly experimenting with geographically-concentrated innovation ecosystems .” This approach develops an ecosystem of shared knowledge and well connected capabilities to drive innovation that is tailored to local needs . Smart district models have been successfully developed in two ways : top-down strategies , which are decided and led by the government or local authorities , or bottom-up ones that are
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