Our vision on Smart Cities by Elena Alfaro (Business Discovery Innovation BBVA)

A vision on Smart CitiesBBVA InnovationElena Alfaro, Smart Cities Framework Champion, BBVA GroupOutsmart - Future Internet PPP Pairs July 6th 2011

Who is BBVA

BBVA Group Europe (10) •  Spain •  France •  Germany •  Italy •  Portugal •  U.K. Noth America (2) •  Belgium •  USA •  Russia •  Mexico •  Switzerland •  Turkey Central America (3) •  Cuba •  Puerto Rico •  Panama South America (10) •  Argentina •  Bolivia •  Brazil •  Chile Asia - Paci ic (7) •  Australia •  Colombia •  South Korea •  Ecuador •  China •  Paraguay •  India •  Peru •  Japan •  Uruguay •  Singapore •  Venezuela •  Taiwan 32 countries, 48 million customers & 6,450 M$ Net Pro itSource: BBVA,

Our Smart Cities vision

For centuries, people have migrated to cities in a search for abetter life Cities are areas of Cities are the areas What prosperity, economic where people want was growth, innovation, & to live ﬁrst? creativity Gdansk (Poland) Lisbon (Portugal) Kuala Lumpur (Malaysia) Imaginary future city And for centuries, we have tried to transform them into better places lo live and to attract value creation

The transformation of the cities has been based onphysical changes ... Imaginary skyline ... and sometimes in the way they are managed

With diﬀerent results on diﬀerent aspects ... Tra ic jam in the USA Central Park New York

Now we have the chance to transform cities e iciently, by aﬀecting them physically and also virtually Singapore

In todays city, people, things, companies, governments, etc…generate digital data on almost anything they do 1 1 1 0 1 1 1 1 1 0 0 0 1 0 0 1 0 1 0 0 0 1 1 0 1 0 1 0 1 0 0 0 1 0 0 0 0 0 1 1 0 0 1 0 1 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 1 1 1 0 0 1 1 1 1 1 0 0 1 1 1 0 1 0 0 0 1 1 0 1 0 0 1 1 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Sao Paulo (Brazil)

But only 5% of the available digital information is currently being used* 1 0 1 0 0 0 0 1 1 1 1 Source: The Economist 2010 . Being used means understandable/treatable by a machine Sao Paulo (Brazil)

Information can be extracted, combined, analyzed, processed andfed back into the city for an intelligent use Real Time Data Exchange Pla5orm City Infrastructure City Management City life

From decisions (public & private) based on partial realities Historical Data Observations & Forecasts Opinions Feelings Recommendations Private Interests

To decisions based on facts, evidence and the whole picture Madrid (Spain)

A new business paradigm

What’s in it for them? citizens companies government London (UK) Dubai (Emirates) Washington (USA)The right decision E iciency A better place New demand management A better life New markets creation New behaviors

Opening up a new business paradigm: examples New services based on hibridation of companies information

Opening up a new business paradigm: examples New ways to approach a better informed customer

Opening up a new business paradigm: examples New markets based on the desired usage of resources

Opening up a new business paradigm: examples New actors on digital processing of information

Opening up a new business paradigm: examples A new type of public concessions

Opening up a new business paradigm: examples New ways to design the city

High Level Business Opportunities Smart Cities Technologies Data Exchange Platform Sensor Networks Other smart Improve Management services & New Smart Concessions internal behavior Services change processes Government Services Business Services

Why a Bank? Info management 1 Real time, secure, high volume data exchange capabilities Data generator 2 Access to real time economic behavior of millions of citizens Business actor 3 Customized end user service creation & access to millions of customers

We have a strong link to the city ... 48 million customers 7,500 Branches 17,500 ATMs 500,000 Point of 30M cards Sale Terminals Buenos Aires (Argentina) 24 mill transactions/daySource: BBVA Total number of transactions includes Internet banking

… which gives us key information to qualify a city, a street,a neighborhood or an activity and use it to generate newservices. We have access to the real time economy salary expenses products credit rela-onships loca:on income Age transfers status stock details job origin address preferences scoring language default transac-ons loans currency mortgage ATM -me payments e-‐banking deposits telephone date cards

In summary CITIZEN INSIGHT Quality of life and prosperity in the urban environment ECONOMICS GEODEMOGRAPHICS A new business The cities compete to paradigm rises attract people & companies TECHNOLOGY Everyone & everything generate digital information

A vision on Smart CitiesBBVA InnovationThank you!elena.alfaro@bbva.com @elenalfaro

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Our vision on Smart Cities by Elena Alfaro (Business Discovery Innovation BBVA)

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Our vision on Smart Cities by Elena Alfaro (Business Discovery Innovation BBVA) — Presentation Transcript