- Global Opportunity in Smart City Market to Total
The briefing will provide insights into the competitive landscape highlighting the next game changers in the market throwing light on the growing complexity of the smart city value chain and the multiple roles key strategic partners can take within the eco-system.
The session will look into how utility providers, infrastructure companies, system integrators and telecom operators are actively pursuing this market adding more layers of intelligence as either integrators offering pre-packaged bundled solutions or as product vendors offering intelligent hardware and infrastructure. The briefing will also look into opportunities in managed services as management / operation of smart solutions / services become equally important for long-term sustainability.
New business models and funding mechanisms will also be discussed. While public-private partnerships, government budgets and grants have been the most preferred city project model, the smart city market has warranted a need for new partnership models and more private-sector involvement. In this context, non-grant based funding tools such as debt / equity funds and performance-based contracting have all emerged as ways to attract inward investment and manage city projects.
"The penetration of smart city market for service providers will depend on how quickly these companies converge and tap into each other's industry value chains and assume multiple roles in the eco-system," says Ms. Amarnath. "Big data analytics, cloud-based services, and M2M enabled services that intelligently provide real-time inputs hold the potential to adequately provide smart solutions. Converged business models between utility and technology providers are in a unique position to offer these integrated services."
"Smart cities will be measured on the level of intelligence and integration of infrastructure. Modern cities are hubs for smart devices such as the internet, smart phones, cloud computing, social networks and iPads. What makes a Smart City differ is its emphasis on creating connections and systems, not only between millions of smart devices, but also between businesses, public sector, knowledge institutions, and inhabitants of the city," adds Ms. Vidyasekar.
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