Business models for developing smart cities. A fuzzy set qualitative comparative analysis of an IoT platform

Abbate, Tindara; Césaroni, Fabrizio; Cinici, Maria Cristina; Villari, Massimo

doi:10.1016/j.techfore.2018.07.031

Cited by 44 publications

(23 citation statements)

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“…The literature provides us with several well-elaborated and verified frameworks for characterizing business models, design methods, and tools to develop, evaluate [7], and enhance a business model [8]. Although studies revealed different types of smart cities business models, these models have limited transferability [9]. This limited transferability is because a successful business model built on specific context conditions may not fit the economic, environmental, technological, and social context conditions of different cities [10].…”

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confidence: 99%

The Smart City Business Model Canvas—A Smart City Business Modeling Framework and Practical Tool

et al. 2019

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Cities are challenged with increasing population growth and need to implement smart solutions to become more resilient to economic, environmental, and social challenges posed by ongoing urbanization. This study reviewed business model development frameworks and developed a practical tool to help cities assess business models by adapting components of the Business Model Canvas (BMC) and adding new ones that operationalize the smart city dimensions. The Smart City BMC (SC-BMC) proposed provides a practical framework that supports developing and communicating a more holistic and integrated view of a smart city business model. It also supports creatively innovating toward more sustainable value creation. As a framework, the SC-BMC bridges sustainable value creation for business model development and smart city innovation.

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The Smart City Business Model Canvas—A Smart City Business Modeling Framework and Practical Tool

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“…We extrapolated the results collected from the workshops to other utility supplies where we assume a situation similar to that in the energy supply industry (Abbate et al, 2019).…”

Section: Methodsmentioning

confidence: 99%

The Application of Internet of Things in Metering the Consumption of Utilities in the Czech Republic

et al. 2020

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Purpose: This article proposes and analyses the potential use of IoT solutions for detecting water consumption not only from technical, but also from the business and financial points of view. This topic is important because by solving this problem, companies may save a lot of money and this paper provides financial analysis, which answers question, if the implementation is or is not meaningful.Methodology/Approach: Source data used in this paper come from an extensive survey among fifty experts from the energy supply industry in the Czech Republic during two-round workshops. One of the most attractive application has been appointed “monitoring of utility consumption” – for this article the water metering.Findings: We have reached the conclusion that an isolated implementation of IoT technologies is much more expensive than the current solution that are based on human labour, periodical inspections of meters by people. This is caused mainly by high prices of the sonic/mechanical metering devices supporting IoT functionality.Research Limitation/implication: Workshops and research work were realised in conditions in the Czech Republic. Principles of application opportunities and of its implementation are general, but the final decisions about their importance can be influenced by the specifics and situation in the Czech Republic.Originality/Value of paper: The value of the paper comes from the workshops where were defined important application opportunities for definition of the priority for each of defined application opportunities.

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“…nineteen) can be grouped into four clusters labeled as follows: business models for smart cities (Abbate et al, 2018;Brock et al, 2018;Schiavone et al, 2018;Van den Buuse and Kolk, 2018); applications to tackle specific smart cities challenges (Amer et al, 2018;Grimaldi et al, 2018;Hopkins and McKay, 2018;Lex et al, 2018;Moustaka et al, 2018;Tanguy and Kumar, 2018); actions and roles of stakeholders of the smart cities triple/quadruple helix (Ardito et al, 2018;Corsini et al, 2018;Dupont et al, 2018;Engelbert et al, 2018;Lindkvist et al, 2018;Van der Graaf and Ballon, 2018); policies for smart cities (Caragliu and Del Bo, 2018;Contreras and Platania, 2018;Hamidi et al, 2018). Concerning the first cluster -business models for smart cities - Abbate et al (2018) explore the activities and strategic goals of twentyone small and medium enterprises (SMEs) operating in eight different European countries that took part to FrontierCities, one of the nine FIWARE (Future Internet-ware) Accelerators focused on smart cities. The aim is understanding what type of business models they can adopt when exploiting the technological potential of an IoT platform.…”

Section: Reviewing the Contentmentioning

confidence: 99%

Understanding Smart Cities: Innovation ecosystems, technological advancements, and societal challenges

Appio

Lima

Paroutis

2019

Technological Forecasting and Social Change

462

219

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Business models for developing smart cities. A fuzzy set qualitative comparative analysis of an IoT platform

Cited by 44 publications

References 42 publications

The Smart City Business Model Canvas—A Smart City Business Modeling Framework and Practical Tool

The Smart City Business Model Canvas—A Smart City Business Modeling Framework and Practical Tool

The Application of Internet of Things in Metering the Consumption of Utilities in the Czech Republic

Understanding Smart Cities: Innovation ecosystems, technological advancements, and societal challenges

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