Sustainable Smart City Business Model Framework

Integration of Smart Cities and Building Information Modeling (BIM) for a Sustainability Oriented Business Model to Address Sustainable Development Goals

“…The studies on the application of business models in the field of integration of smart cities and BIM are closely related to SDG 8.1, as shown in Table 3. Relevant research started in the year 2013, mainly adopting case studies [3,[29][30][31][32][33], literature reviews [34][35][36][37], and taxonomies [35] as research methods, of which the research topics were associated with smart cities with the perspectives of different smart city participants [38], and were conducted within the dimensions of the business model framework [36], business model canvas [34], and theory of business model logic [33]. Due to the widespread adoption of cutting-edge technologies such as BIM, the services offered by cities have expanded as studies have continued to grow with respect to smart cities.…”

“…Based on intelligent models supported by a remote platform, structured and multi-domain data are integrated to generate digital representations of assets throughout their life cycles, providing an enabling environment for resource consolidation and efficient project completion [41]. In addition, numerous studies have looked at business models from the logic [33], framework [32,36], and canvas [34] perspectives to achieve wisdom-oriented value creation. Business model logic describes how building blocks for business models are created, arranged, and reconfigured to support the development of smart cities [33].…”

“…Business model logic describes how building blocks for business models are created, arranged, and reconfigured to support the development of smart cities [33]. Additionally, by defining the financial and non-financial components of the company, the sustainable smart city business model framework can assist potential investors in addressing the ESG (environmental, social, and governance) aspects of the business model [36], whilst the smart city business model canvas provides a helpful framework for developing and communicating a comprehensive, integrated vision of smart city business models, fostering innovative thinking for sustainable value creation [34].…”

“…As such, this paper focuses on stakeholder interactions in the functioning of urban business models. As shown in Table 7, the use of business models in the field of BIM and smart city integration directly related to stakeholder relationships are listed, which began in the year 2013, mainly adopting the research methods of case studies [3,29,30,43,50,54,55,75], literature reviews [35][36][37]56], interviews [79,80], and action designs [81] for investigation. According to the governance perspective, the development of smart cities depends on the relationships among urban stakeholders, which are valued more highly than other urban notions [56].…”