The movement to make cities smarter is transforming municipal governments worldwide. But that’s only one side of the story. For companies, smart cities represent major business opportunities — and not only for tech firms selling systems to government agencies.
Is Your Company Ready for the Rise of Smart Cities?
A number of industries will have to adapt their offerings.
June 12, 2018
Summary.
The movement to make cities smarter is transforming municipal governments worldwide. But that’s only one side of the story. For companies, smart cities represent major business opportunities — and not only for tech firms selling systems to government agencies. Companies must ask: How do we need to adapt our current offerings? How might smart cities shift value in our industry? What does it take to be a successful smart cities provider? Companies have to consider not only how their offerings perform but also how they affect the public sphere in order to win a mandate to operate. That mandate is worth keeping. After all, some of the world’s urban markets are larger than entire nations.