Published: 11 March 2015
As business models become clearer, the public and private sectors must invest in the Internet of Things in smart cities. Strategic planners within technology and service providers must identify and provide ecosystem solutions, while driving demand for both "things" and selective services.
Included in Full Research
- As the majority of IoT spending for smart cities will come from the private sector, TSP strategic planners will focus on how IoT data linked with analytics can generate business value for commercial partners and cities alike
- Commercial IoT implementations will be leveraged across multiple industries, such as smart energy, environmental services or journey planning, driving TSP strategists to build IoT-related service models
- City governments are fostering citizen and business innovation — by giving guidance for data governance and smart city objectives — leaving TSP strategists with opportunities to build engagement and risk models into their strategies