I have been out of action for a few days and took the time to read an excellent book by Jeremy Rifkin - "The Third Industrial Revolution - How Lateral Power is Transforming Energy, the Economy, and the World".
The message that Rifkin is providing in this book is incredibly compelling. In short, the world is entering its next revolution based on collaboration, renewable & sustainable energy, open data and looking for more than a simple profit statement.
The first Industrial revolution based on coal and steam power, then was taken over by the second industrial revolution based on Oil and Automobile. The Third industrial Revolution (TIR) is based on the premise that sustainable outcomes are the end game and that means renewable and sustainable energy coupled with open and collaborative data. This will allow smart grids & collective switching. But this is not just about technology this is also about society, economics and politics.
I have always thought that the sustainable approach to a smarter city construct would mean that the old measures of profit-loss and win-lose as they are no longer adequate in explaining why being smart is good needed to be added to.
Being sustainable does mean being smart. Therefore, being smart leads to a different set of measurements and motivations being required. Capturing what is measured and how that measure performs over time and against its peers will be an interesting study. These early studies will shape our thinking and the pace of change. We are right at the start of this journey. How cool is that!
In short, I recommend that you add this book to your reading lists. The Third Industrial Revolution is now on!