IT Suppliers Losing Race to Build Smart Cities
IT suppliers risk falling behind in the $35bn IT market for high-tech smart cities, as developers, banks and construction firms muscle in on the sector. IT suppliers aim to draw on IT trends, including cloud computing, the internet of things and consumerisation, to create connected settlements that offer more intelligent services to citizens. While they have been pushing the idea of smart cities for five years, they lack the long-term financial commitment to make them a reality, according to research by analyst group Ovum.
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