Renil Paramel

Resume

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	Name	Renil Paramel
	Company	Strategy of Things
	Company Position	Co-founder and CEO
	City, State	San Francisco CA
	Country	United States
	Sectors
Consulting: {{{skill}}}

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Activities

		Responding to the COVID-19 pandemic - A collaboration framework for cities and solutions providers
		The coronavirus COVID-19 pandemic has disrupted cities and communities worldwide. Although cities have emergency and disaster response plans, the scale of the outbreak has strained their resources and capabilities. “Smart City” technologies, with their innovative digital approaches and capabilities, offer the potential to facilitate city responses to COVID-19. As a result, municipalities have turned to technology companies for help.

		Benefit, Value and Return on Investment (ROI) Considerations
		Smart buildings are one “bottom up” component of a smart city. They incorporate advanced and integrated digital technologies, algorithms and analytics, to bring new and significant value to tenants, building owners and operators. These benefits range from increased tenant productivity, comfort, a safe and healthy environment, lower operating costs, and higher satisfaction. While the benefits and Return on Investment (ROI) of smart buildings are well documented for tenants, occupants, and building owners and operators, similar information for cities is limited at best.
		Benefits and Cybersecurity and Privacy Risks
		Cities and communities stand to harvest unprecedented benefits from advances in information and communications technologies (ICT), in general, and Internet of Things (IoT) and Artificial Intelligence (AI), in particular. Smart cities inevitably introduce new or heighten existing cyber risks, which demand proper consideration in design to ensure the optimal realization of intended Smart City outcomes.
		Internet of Things
		The scope of this Blueprint will be on the IoT networks themselves – the physical and logical layers, not necessarily the software applications and data generated therefrom.
		Key Smart City Risk Management Considerations
		Operationalizing and standardizing risk management across the organization is critical for minimizing cybersecurity and privacy risks during the development and operation of Smart City capabilities and solutions. It will be up to cities and their partners to determine the appropriate risk management policies and processes to adopt and implement based on their current risk management practices, risk posture, and their risk management strategy. While aspects of risk management may seem daunting and challenging, there are certainly opportunities that cities can leverage to their advantage.
		Trustworthy Smart Cities through Risk Management
		Organizations participating in the Smart City environment – whether as municipalities, critical infrastructure operators, product or service providers, or citizens – already consider at least some aspects of risk (e.g., business risk, reputational risk) in the development and deployment of Smart City capabilities and solutions. And one growing area of risk is cybersecurity and privacy risk.