The business models framework

The business models framework

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Data as Infrastructure for Smart Cities — Recommend this title to your library

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Understanding of smart cities and their business models are important in studying how one can best provide value to its stakeholders. Our approach provided through a data infrastructure proposes to improve innovation, development, user engagement and stakeholders'collaboration of smart cities services. Service innovation is directly related to the business models that support these services. We argue that a one-size-fits-all approach to city data management transformation and simplistic approaches to engage stakeholders of city data are unlikely to work. Rather, we focus on the enabling processes and activities by which innovative use of technology and data in the context use of a city's inhabitants, alongside governance strategies supported by a strong value network of partners, can help deliver the various visions of data strategies for cities in more efficient, aligned and effective ways. Embracing the technology and non-technology components of data infrastructures will ensure that standards are adhered to, interoperability is guaranteed, smart governance is in place, a strong value network of partners are built, and feedback is facilitated. The use of our framework will help transform current data management practices and facilitate the creation of a data marketplace within both the public and private sectors facilitating the exploitation of city data in smart cities.

Chapter Contents:

  • 6.1 Introduction
  • 6.2 Service design
  • 6.2.1 Comparative advantage of the service innovation
  • 6.2.2 Service's neutrality, fairness and accountability
  • 6.2.3 Formulating a service strategy
  • 6.3 Technology design
  • 6.3.1 The 9 v's of city data
  • 6.3.2 Formulating a technology strategy
  • 6.4 Value network design
  • 6.4.1 Data-driven value network
  • 6.4.2 Formulating a value network strategy
  • 6.5 Value design
  • 6.5.1 Formulating a value strategy
  • 6.6 Governance design
  • 6.6.1 Formulating a governance strategy

Inspec keywords: government data processing; critical infrastructures; innovation management; government policies; information management; smart cities

Other keywords: city data management; user engagement; data marketplace; innovation; smart cities; governance strategies; stakeholder collaboration; interoperability; public sectors; private sectors; business models framework; data infrastructure

Subjects: Economic, social and political aspects of computing; Public administration; Information services and centres

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