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
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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.