Tremendous new opportunities are being created for technology vendors and service providers as cities around the world look to build out smart cities to reduce municipal costs, tap new sources of revenue, and improve the overall quality of urban life. The previous blog (Smart Cities Are a $7.5 Billion Annual Opportunity for Technology Providers) described all of the essential requirements of the smart city architecture and quantified the great opportunities for technology vendors and partners to help to create and operate these digitally smart cities of the future. The last question to address is what are the specific opportunities for SPs and where should they play to extract the most value from the deployment of smart cities?
The potential revenue opportunities available to SPs depend upon the strategic fit to their business. Specifically, we evaluated the opportunities across three strategic fit criteria:
Core Business – How closely is the solution or service aligned with the SP’s core business (e.g., using existing assets, leveraging current business operations and expertise, in regional footprint)
Stretch – To what extent would new investments or operations be required to deliver the solution or service (e.g., Capex for new assets, creation of new business operations, acquisition of new expertise, out of region play)
Deal Dependent – To what extent would the nature of the deal and the governance structure influence the potential revenues available? (e.g., vendor or lead, city investment or PPP)
Assessing the smart city revenue opportunities across these criteria reveals a number of strategic options for how SPs can think about approaching the smart city opportunity: Read More »
Just a few years ago, I’d go out for an occasional weekend drive to take in the splendor of Northern California, and leave my mobile phone and various gadgets behind.
Those days are long gone.
Over time, smart devices and connectivity have transformed my life – as I’m sure they have yours – and become essential to function in today’s modern world.
By 2020, there will be an estimated 50 billion objects connected to the Internet. Organizations and even individuals that effectively use these connections will achieve significant advantages, including more efficient and enjoyable experiences.
And service providers are in an enviable position, sitting at the center of the Internet of Everything (IoE), bringing together people, processes, data, and things to make networked connections more relevant and valuable than ever before. IoE is turning information into actions that create new capabilities, richer experiences, and unprecedented economic opportunity for businesses, individuals, and countries.
The stakes are high.
From smart grid and smart buildings to environmental sensors and mobile consumer experiences, Cisco predicts that between now and 2022, $19 trillion in value is at stake for organizations willing to take advantage of the immense IoE opportunity.
With telecom service providers (SP) increasingly using technology as a competitive differentiator, it is becoming important not only to acquire the right technology, but to acquire it in a way where it offers maximum benefit to the business.
Rapid technological advancements have made it necessary for service providers to be very nimble and frequently revise their offerings to suit customer requirements. Over the last four years, mobile service providers have exhibited cyclical—but, on average, declining—revenue growth patterns, according to a Cisco whitepaper ‘The Road to Cloud Nine’ published in February 2013. Overall, the momentum has Read More »
IBC 2014, the conference and exhibition hosted by the beautiful city of Amsterdam, in the generous confines of the RAI facility, came to a close last week. The exhibition, spread across 14 halls and spanning 5 days, attracted more than 55,000 attendees to see the latest offerings and technological advances of over 1500 exhibitors. It’s an exciting place to be… there is a tangible buzz generated from the proximity of so many industry experts and enthusiasts, from veteran business leaders to smart start-up engineers.
My overwhelming take-away from the event was of the continued pervasiveness of the cloud and the cloud services ecosystem. Media management in the cloud, transcoding in the cloud, metadata in the cloud, playout in the cloud, archive to the cloud, cloud DVR, cloud UI rendering, cloud collaborative editing and post-production… and more. The barrier to entry for service providers to launch new, cost-effective, value-add features has never been lower, leveraging the scalability, reliability and efficiency gains that cloud computing together with the SaaS model enables. The movement from hardware to software services is also a driving force behind a slower but inevitable transition, that is, the adoption of IP for the end-to-end video signal path from camera to cutting room to consumer.