-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
New Smart Cities Funding and Deployment Strategies to Boost GovTech Sector
April 4, 2017 | ABI ResearchEstimated reading time: 1 minute
Local governments face the twin challenges of funding and deploying smart city technologies to guarantee the continuous provision of mobility, communication, energy, water, accommodation, healthcare, education, and security services while ensuring livable, affordable, and sustainable environments for citizens in the wake of fast global urbanization. New paradigms like citizen participation, data capitalization through mobile sensors in smartphones and vehicles for informational services, holistic approaches that leverage vertical adjacencies, and acceptance of the overall sharing economy will allow governments to adopt smart city technologies at minimum costs.
Unlocking underutilized private resources through car sharing, micro-grid home energy networks, charging stations, private parking, and accommodation sharing will allow governments to meet surging demands for services in a cost-effective way while avoiding expensive physical infrastructure extension projects. Such smart funding and deployment approaches will equal fast Return on Investment (ROI), critical for obtaining additional private and/or public funding for more structural smart city platform approaches in the long term.
“This is creating a reversal of fortune for suppliers so far frustrated with dealing with city governments’ complex procurement processes, opaque sales cycles, long decision and implementation trajectories, and the overall lack of smart city technology business development opportunities,” says Dominique Bonte, Managing Director and Vice President at ABI Research. “We see the GovTech industry starting to gain momentum, especially in the U.S. The city tech start-up scene is also developing clout, and venture capital is finding its way into public sectors.”
ABI Research finds that Urbantech, Civictech, and GovTech are quickly becoming established terms for designating the overall smart city ecosystem, technology, and investment environment. Key smart city venture capital players include Fontinalis Partners, General Catalyst Partners, Goldman Sachs, GovTech Fund, Lightspeed Venture Partners, Motorola Solutions Venture Capital, New York Angels, and Vista Equity Partners. The groups invest in technology vendors like law enforcement information management software vendor Mark43 and smart communication solutions provider Avaya. GovTech merger and acquisition activity is also ramping up, as evident through OpenGov’s acquisition of Open Data and Ontodia.
Suggested Items
Real Time with… IPC APEX EXPO 2024: The Latest Advancements in Dry Storage
04/30/2024 | Real Time with...IPC APEX EXPOEditor Marcy LaRont and Super Dry Totech's Jordan Mandel discuss the latest developments in dry storage solutions, the J standard, and the ongoing challenge of moisture management while highlighting the industry's shift toward smart solutions and the importance of seeking expert help for moisture mitigation.
Real Time with… IPC APEX EXPO 2024: Operational Excellence and Smart Factory Initiatives
04/30/2024 | Real Time with...IPC APEX EXPOOperational excellence and operational efficiency are defined in this interview with Koh Young General Manager Joel Scutchfield. He touches on automation, AI, and collaboration as solutions to resource limitations. Koh Young's data-driven approach uses AI for process adjustments, data analytics, and supply chain enhancements. The discussion underscores the shift toward smart factory initiatives and the future of manufacturing, with a focus on reshoring, nearshoring, and technology utilization.
ViTrox Pioneering the Future of Smart Manufacturing at NEPCON China 2024
04/18/2024 | ViTroxViTrox, which aims to be the World’s Most Trusted Technology Company, is pleased to announce its participation in the NEPCON China 2024 at Booth #1H27 at Shanghai World Expo Exhibition & Convention Center from 24-26 April 2024.
Synaptics Astra AI-Native IoT Platform Launches with SL-Series Embedded Processors and Machina Foundation Series Development Kit
04/08/2024 | SynapticsSynaptics® Incorporated launched the Synaptics Astra platform with the SL-Series of embedded AI-native Internet of Things (IoT) processors and the Astra MachinaTM Foundation Series development kit.
Klika Tech Announces Strategic Partnership with Espressif Systems to Revolutionize IOT and Smart Home Technology
04/02/2024 | PRNewswireKlika Tech, a global technology solutions and consulting leader delivering innovative Cloud and Smart City solutions, is proud to announce a new strategic partnership with Espressif Systems, a renowned provider of IoT technology and innovative platform solutions.