The convergence of information and communication technologies became a determining factor for the increasing importance of smart cities technology implementation in city management. In this article the distinctive characteristics of the smart city concept, problems and new opportunities for urban governance are analyzed. The importance of smart city technology and the complexity of its implementation are highlighted. The network approach and analysis of the most successful global practices in the use of information technologies in urban governance are the benefits of this study and laid the foundation for proposing the desirable conditions for the smart city technology implementation in order to provide its efficiency. As a result these conditions can lay the basis for comparative analysis of the effectiveness of smart city projects implementation in different countries and can be used by local authorities as a strategy for smart city technologies practical application.