Multi Business Model Innovation in a World of Smart Cities with Future Wireless Technologies

Abstract

Future wireless technologies are reshaping the cities from the original to an integrated physical, digital and virtual smart city. The inherent and forthcoming challenge is to high-grade people’s way of living in cities in this context. The idea of digitalization and urbanization is inaugurating an innovative horizon for sustainable infrastructure and stable economic development for the global cities. Global cities digitalization is however putting some new humane and business questions, and dilemmas concerning privacy, safety, health and security on the agenda. There is in this context a need for a clearer vision at the global level for the development of smart cities related to sustainable business, business modelling and competition throughout the different smart cities business model ecosystems. This address a real challenge, but also great potential of increasing urbanization to experience shared accomplishment and exterminate poverty. The critical barrier here is to find a collective negotiation among stakeholders, local population and business associations for developing transparency in policies, communication, mutual partnerships and business modelling. The paper address these challenges and potentials in the context of future wireless technologies bridged to multi business model innovation and business model ecosystems.