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IBM named top city solution provider

Nov 26
Tags: IBM
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IBM named top city solution provider

IBM has been named as the top company for smart city solutions in Frost and Sullivan's latest report.

Strategic Opportunity Analysis of the Global Smart City Market looked at smart cities as a trend that will drive urban development for the next decade.

These developments will create plenty of opportunities for businesses, with a market value of $1.565 trillion (£967 billion) by 2020.

Frost and Sullivan undertook a comparative analysis of competition in the smart city landscape and discovered that IBM is proving to be a game changer for the market.

The company leads the way when it comes to combining state-of-the-art hardware, software and services. This requires it to combat the complex smart city value chain.

Michael J Dixon, general manager, IBM Smarter Cities, said: "Frost and Sullivan points out the massive opportunity for cities who choose to take bold steps toward becoming smarter.

"IBM’s proven experience in helping cities adopt cloud-based connectivity and industry solutions specific to water, public safety, transportation, sustainability and healthcare is helping cities reinvent themselves and change the way they work."

Speaking about the concept,  Archana Amarnath, program manager of the Visionary Innovation Research Group at Frost & Sullivan, explained that smart cities emphasise creating connections and systems between devices, businesses, public sector, knowledge institutions and inhabitants of a city.

Ms Amarnath added, however, that deploying these solutions will depend on how quickly companies can work together to tap into their respective industry value chains. This will in turn allow them to occupy multiple roles in the eco-system.

"Large integrators such as IBM with their expertise in big data analytics, cloud-based services, and mobile technologies will be best equipped to offer intelligent real-time solutions or services for smart cities," she said.

By 2025 more than 26 global cities will be considered smart. More than 50 per cent of these will be located in Europe and North America.

Frost and Sullivan adds that these cities will find new funding mechanisms essential. This will include public/private partnerships.

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