In recent years, we have witnessed a rapid and profound growth of urban population. The challenge to improve the quality of the urban environment is becoming increasingly important. Competition among the cities for highly skilled workforce, companies, investors, and even international events is also growing. With the advancement in modern technologies, especially IT, the Internet of things and big data, the creation of a "smart city" seems to be an excellent opportunity for the urban

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... . More and more cities are striving to follow this path, and Novosibirsk – the third largest city in Russia – is not an exception. This article analyzes the concept of a smart city, the advantages and barriers that impede the creation of a "smart city", and considers the prospects of Novosibirsk as a "smart city". The article suggests possible ways for Novosibirsk development as a "smart city".