skip to main content
10.1145/2740908.2743908acmotherconferencesArticle/Chapter ViewAbstractPublication PagesthewebconfConference Proceedingsconference-collections
research-article

Understanding Smart City Business Models: A Comparison

Published: 18 May 2015 Publication History

Abstract

Smart cities have attracted the international scientific and business attention and a niche market is being evolved, which engages almost all the business sectors. In their attempt to empower and promote urban competitive advantages, local governments have approached the smart city context and they target habitants, visitors and investments. However, engaging the smart city context is not free-of-charge and corresponding investments are extensive and of high risk without the appropriate management. Moreover, investing in the smart city domain does not secure corresponding mission success and both governments and vendors require more effective instruments. This paper performs an investigation on the smart city business models and is a work in progress. Modeling can illustrate where corresponding profit comes from and how it flows, while a significant business model portfolio is eligible for smart city stakeholders.

References

[1]
Alcatel-Lucent Market and Consumer Insight team, "Getting Smart about Smart Cities Understanding the market opportunity in the cities of tomorrow, " 2012. {Online}. Available: http://www2.alcatel-lucent.com/knowledge-center/admin/mci-files-1a2c3f/ma/Smart_Cities_Market_opportunity_MarketAnalysis.pdf, Oct. 2013
[2]
L. Anthopoulos, and P., Fitsilis, "Smart Cities and their Roles in City Competition: a Classification, " International Journal of Electronic Government Research (IJEGR), 10 (1), pp. 67--81, 2014.
[3]
L. Anthopoulos, and P., Fitsilis, "Exploring Architectural and Organizational Features in Smart Cities, " 16th International Conference on Advanced Communications Technology (ICACT2014), IEEE, 2014.
[4]
E. Bucherer, and D. Uckelmann, (2011). "Business Models for the Internet of Things, ". In Uckelmann et al. (Eds) Architecting the Internet of Things, Springer Heidelberg Dordrecht London New York.
[5]
CISCO "The City of The Future, " 2014, {Online}. Available: http://share.cisco.com/TheCityOfTheFuture/the-city-of-the-future.html?_ga=1.115393729.630037314.1415774790
[6]
H. Chourabi, T. Nam, S. Walker, J.R. Gil-Garcia, S. Mellouli, K. Nahon, T.A. Pardo, and H.J. Scholl, (2012). "Understanding smart cities: An Integrative Framework, ". In Proceedings of the 45th Hawaii International Conference on System Sciences.
[7]
S. Giles,"One Smart City business model is illusory, " 2012 {Online}. Available: http://www.smartcitiesineurope.com/2012/09/one-smart-city-business-model-is-illusory/
[8]
G. Falconer, and S. Mitchell, "Smart City Framework: A Systematic Process for Enabling Smart+Connected Communities, " 2012 {Online}. Available: http://www.cisco.com/web/about/ac79/docs/ps/motm/Smart-City-Framework.pdf
[9]
M. Janssen, G. Kuk, and R.W. Wagenaar, "A Survey of Web-based Business Models for e-Government in Netherlands, " Government Information Quarterly, 25(2), pp. 202--220, 2008.
[10]
G. Kuk, and M. Janssen, "The Business Models and Information Architectures of Smart Cities, " Journal of Urban Technology, 18(2), pp. 39--52, 2011.
[11]
M. Morris, M. Schindehutte, J. Richardson, J. and Allen, "Is the business model a useful strategic concept? Conceptual, theoretical, and empirical insights, " Journal of Small Business Strategy, 17, pp. 27--50, 2006.
[12]
A. Osterwalder, and Y. Pigneur, "Business Model Generation, " 2010. Hoboken, New Jersey: John Wiley & Sons, Inc.
[13]
O. Soderstrom, T. Paasche, and F. Klauser, "Smart cities as corporate storytelling, " City, 18(3), pp. 307 -- 320, 2014.
[14]
P. Timmers, "Business models for electronic markets, " Journal of Electronic Markets, 8, pp. 3--8m, 1998.
[15]
E. Turban, "Electronic Commerce: A Managerial Perspective, " London, UK: Prentice Hall, 2012.

Cited By

View all
  • (2024)Integration of Smart Cities and Building Information Modeling (BIM) for a Sustainability Oriented Business Model to Address Sustainable Development GoalsBuildings10.3390/buildings1405145814:5(1458)Online publication date: 17-May-2024
  • (2024)Unified Smart City Domain Model for Central EuropeNature of Computation and Communication10.1007/978-3-031-59462-5_7(98-110)Online publication date: 3-May-2024
  • (2023)The Role of Economic and Innovation Initiatives in Planning a Smart City Strategy in GreeceSustainability10.3390/su15201484215:20(14842)Online publication date: 13-Oct-2023
  • Show More Cited By

Index Terms

  1. Understanding Smart City Business Models: A Comparison

      Recommendations

      Comments

      Information & Contributors

      Information

      Published In

      cover image ACM Other conferences
      WWW '15 Companion: Proceedings of the 24th International Conference on World Wide Web
      May 2015
      1602 pages
      ISBN:9781450334730
      DOI:10.1145/2740908

      Sponsors

      • IW3C2: International World Wide Web Conference Committee

      In-Cooperation

      Publisher

      Association for Computing Machinery

      New York, NY, United States

      Publication History

      Published: 18 May 2015

      Permissions

      Request permissions for this article.

      Check for updates

      Author Tags

      1. business model
      2. e-government
      3. smart city
      4. value proposal

      Qualifiers

      • Research-article

      Conference

      WWW '15
      Sponsor:
      • IW3C2

      Acceptance Rates

      Overall Acceptance Rate 1,899 of 8,196 submissions, 23%

      Contributors

      Other Metrics

      Bibliometrics & Citations

      Bibliometrics

      Article Metrics

      • Downloads (Last 12 months)27
      • Downloads (Last 6 weeks)1
      Reflects downloads up to 05 Mar 2025

      Other Metrics

      Citations

      Cited By

      View all
      • (2024)Integration of Smart Cities and Building Information Modeling (BIM) for a Sustainability Oriented Business Model to Address Sustainable Development GoalsBuildings10.3390/buildings1405145814:5(1458)Online publication date: 17-May-2024
      • (2024)Unified Smart City Domain Model for Central EuropeNature of Computation and Communication10.1007/978-3-031-59462-5_7(98-110)Online publication date: 3-May-2024
      • (2023)The Role of Economic and Innovation Initiatives in Planning a Smart City Strategy in GreeceSustainability10.3390/su15201484215:20(14842)Online publication date: 13-Oct-2023
      • (2022)Smart Cities as Hybrid Spaces of Governance: Beyond the Hard/Soft Dichotomy in Cyber-UrbanizationSustainability10.3390/su14161008014:16(10080)Online publication date: 15-Aug-2022
      • (2022)A Contemporary Survey on IoT Based Smart Cities: Architecture, Applications, and Open IssuesWireless Personal Communications10.1007/s11277-022-09658-2125:3(2319-2367)Online publication date: 18-Mar-2022
      • (2021)Sustainable Smart City Business Model Framework2021 5th International Conference on Vision, Image and Signal Processing (ICVISP)10.1109/ICVISP54630.2021.00041(181-187)Online publication date: Dec-2021
      • (2021)Layer-Based Reference Model for Smart City ImplementationHandbook of Smart Cities10.1007/978-3-030-69698-6_88(1359-1383)Online publication date: 10-Jul-2021
      • (2021)Layer-Based Reference Model for Smart City ImplementationHandbook of Smart Cities10.1007/978-3-030-15145-4_88-1(1-25)Online publication date: 16-Feb-2021
      • (2019)The scientometrics of literature on smart citiesLibrary Hi Tech10.1108/LHT-12-2018-0203Online publication date: 26-Jun-2019
      • (2019)Smart lighting as basic building block of smart city: An energy performance comparative case studyMeasurement10.1016/j.measurement.2018.12.095136(466-477)Online publication date: Mar-2019
      • Show More Cited By

      View Options

      Login options

      View options

      PDF

      View or Download as a PDF file.

      PDF

      eReader

      View online with eReader.

      eReader

      Figures

      Tables

      Media

      Share

      Share

      Share this Publication link

      Share on social media