Sustainable, smart cities enable progress when the integration of technology is directed into a strategic approach to sustainable development and For smart cities to thrive, we need to establish sustainable commerce models that facilitate the success of all ecosystem players. The software must be woven into the fabric of IoT solutions so that all ecosystem contributors benefit; this includes OEMs, developers, integrators, governments, Each member’s intellectual property needs to be valued and rewarded.Subscription software capabilities enable new business models that allow each contributor to extract value from their contribution to the ecosystem.
Subscription-based models offer a way to monetize hardware and software used to build smart infrastructures and spread out expenses moving away from a huge one time CAPEX spend. Expensive medical equipment like MRI scanners, for example, can be sold at a cost-per-scan basis rather than as a one-time upfront expense for hospitals. This creates a win-win situation for hospitals and suppliers alike.And one day soon, cities will offer affordable subscriptions to fleets of vehicles shared between owners who may choose from an array of custom options. This move could radically reduce traffic and optimize traffic patterns and ride-sharing.
As urban areas continue to expand and grow, smart city technology is developing alongside to enhance sustainability and better serve humanity. By leveraging pervasive connectivity, open data, end-to-end security, and software monetization solutions, we can align evolving smart city needs for a much-improved experience for all partners in the ecosystem.
Our goal is to achieve sustainable, smart cities with strategies that focus on connectivity, intelligence, and securityconcerns and fear of security breaches have far outweighed the perceived value of sharing information.
a key enabler of sustainable smart cities is that all participants in the complex ecosystem
to achieve better, sustainable outcomes through the analysis of real-time contextual information