Subject The study delves into the development of smart cities whose socio-economic systems operate efficiently through advanced digital technologies. Objectives We prioritize a sequence of actions to develop smart cities through the institutional modeling of development phases of the digital society. Methods Research is based on the logic systems analysis of previous studies, pointing out development priorities of smart cities and referring to our own findings on the institutional modeling of business operations. Results The article presents our model of priorities we propose to follow in order to develop a smart city (7I model). We enlist priorities underlying the development of smart cities, such as engineering infrastructure, institutions, communications and connection, data integration, interaction of users and technological systems, innovation, use of innovations in the smart city components. The priorities are determined to rely upon advanced digital technologies and their applications, such as Big Data processing, cloud technology, digital platforms, Blockchain technology, equity economy procedures, crowdsourcing, Internet of Things, etc. Conclusions and Relevance The development of smart cities echoes national interests of States as they strive to create the digital society and ensure the security of life in the era of digital technologies.
Keywords: smart city, digital society, modeling, economic institution, digital platform
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