ANALYSIS OF POTENTIAL RISKS IN IMPLEMENTING A SMART CITY DEVELOPMENT PROJECT

Abstract

The potential risks associated with the implementation of a smart city development project, utilizing integrated digital technologies and data processing, are analyzed in the article. The main problematic aspects identified include technical difficulties, cybersecurity issues, legislative instability in the field of smart technologies, and insufficient integration between different systems and platforms. The reliability of smart city systems in emergencies is also discussed in the article, where serious consequences for citizens and city infrastructure could result from inadequate response. Additionally, challenges related to the dependence of smart cities on information technologies are highlighted, addressing potential network bandwidth limitations and the need for solutions to ensure the efficiency and availability of services. Ethical aspects are recognized as an important factor in the development and implementation of smart cities, particularly in establishing ethical standards for data usage and interaction with the public. The concept of a smart city index to assess the level of intelligence and resilience of cities in Ukraine is proposed in the article. It is comprised of two evaluation stages: digitization and conceptualization. The second stage measures citizens' quality of life, relations with authorities, environmental impact, and the city's role in the global city system. The analysis of recent publications in the field of smart technologies is also incorporated in the article, unresolved issues are identified, and the need for further research and legislative improvement is emphasized. The complexity of tasks related to the implementation of the smart city concept is highlighted, and the necessity of a systematic risk management approach to ensure sustainable and secure urban development is underscored.