At the Ovum Digital Futures 2018 event, Carrie Pawsey, senior analyst in the IoT Practice for Ovum, took to the stage to speak about the role of IoT in the development of Smart Cities. Her presentation titled “The Road to 2022: Transforming the Smart City with IoT” starts off with the recognition that there is business opportunity for carriers and other industry players with regards to smart city development.
She cautioned, however, that while technology will play an important in the development, rollout and management of smart cities, technology should not lead any discussion but help city developers identify the problems and develop solutions to these. She also warned that not everyone will succeed as there are significant barriers to success.
Finally, successful suppliers to smart city developments must come to the table with creative business models.