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Smart City Business Model Canvas

Smart Cities Definition:

An urban center that harnesses technologies, such as IT, to improve the quality of life of residents, manage available resources such as roads and water in economically sustainable manner.

Prediction(s): Industry Worth- $27.5B by 2023/ 88 smart cities by 2025 as per the NJ Institute of Technologies. Example of smart cities Dubque and water consumption savings of 7%. Spain Santander cut energy by 25% and waste by 20% San Fran I-80 smart corridor.

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Back End of the Business

Key Partners

Municipalities and respective government, city, state and local officials. Smart Technology product companies, Legal

Key Activities

Marketing, Development, Accounting, Identifying key players, extended team, host meetings, advertise/ market

Key Resources

Capital, Intellectual Property, Talent, Professional Network. Cost Structure: Bundled pricing, consulting price/ project, online, checks, bank wire

Revenue Streams

Project based Consulting, sales of products Cost Structure: HR, R&D, and Overhead (OH), Legal

Front End of the Business

Customer Segments

City Government, Federal Government , State government, Individual Agencies, Residents


Customer Relationships

Professional, prompt, Proficient (deliver on-time, within budget) government officials, end users, federal government, citizens, international


Channels

B2B, B2C, direct and indirect, customer segment. Delivering-Informational Knowledge Strategy & Consulting, Road mapping, Architectural Design and Execution


Value Proposition - Citizens:

  • • Better city planning & Development
  • • Faster & Lower Operating expense government services
  • • Local economic development
  • • Improved productivity & service
  • • Reduction of waste
I.e., Smart meters leads to leakage of identification and prevention, improved water quality, Renewable sources of energy. Mobility smart parking, intelligent traffic management and integrated multi-model

 

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Authority Benefits
• Analyze data to produce city insights that authorities could use to improve road and rail transport reduce crime improve healthcare improve public service delivery Reduce wastage of financial resources. I.e. water supply systems fitted with IOT sensors to measure water pressure, chemical composition and flow when undesirable changes occur, relevant authorities can take corrective measure immediately aided by real time data.


Returns on Investments:

Cities that invest in smart grid technology and infrastructure experience annual GDP growth rate .7% higher and 1% lower unemployment rate, office occupancy 2.5% higher
• Make transportation more efficient
• Increase Labor productivity
• Increase in discretionary spending
• Multi-pronged approach because the problems are drivers

Draw Backs:
Cyber threat exposure, Big Data can be a weapon for oppressors to use the subjugate their people

Why 5D?
Because we provide wild success to our clients and partners alike.