Ecosystem functions of smart city public governance in the context of increasing risks and threats
TL;DR
The study substantiates the importance of maintaining a balance of interests among smart city ecosystem participants when making managerial decisions, both in the short and long term, and systematizes ecosystem functions implemented in smart city public governance.
Abstract
Aim. To systematize the ecosystem functions of smart city public governance in the context of increasing risks and threats. Objectives. To identify potential risks and threats accompanying urbanization as the digital society emerges; to systematize the ecosystem functions implemented in smart city public governance. Methods. The methodological foundation consists of logical analysis of existing scholarly publications by Russian and international authors addressing the research problem, as well as methods of generalization and analogy. Results. Within the framework of the study, ten ecosystem functions of smart city public governance are systematized, and their impact on reducing risks and threats to the development of urbanized territories is demonstrated. A certain tension is identified between the functions of public governance in the context of smart city development. In particular, a certain tension is observed between ensuring the security of ecosystem participants and the innovative development of the ecosystem. At the same time, excessive efforts in the area of security may reduce the innovative potential of the smart city ecosystem, which will also negatively affect participant security in the long term. Conclusions. The study substantiates the importance of maintaining a balance of interests among smart city ecosystem participants when making managerial decisions, both in the short and long term. Ensuring an unconditional priority in the area of security and risk and threat reduction for smart city ecosystem participants should not come at the expense of the territories’ innovative potential or their ability to attract resources for implementing innovative projects. In this regard, it is necessary to develop social institutions and implement best practices that increase trust in the public governance system, aimed at addressing both security objectives and the innovative development of territories.