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1.7.1 Fundings

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Web-based market models match the trends described above. These findings suggest that the open pattern “conquers” web-based models, though there are still unbundling instances. Except in web-based situations, contemporary business models remain and the city acts as a direct information and service provider to its residents and businesses, on the other side, published on different smart city market models. While market models are not to be followed in public institutions (i.e., Masdar and Gdansk) [24], even in these ways the municipality uses smart cities to draw tourists, inhabitants, and investment. These studies also named members to two contemporary business model classes:

1 E-Service market model.

2 Openness in ownership of the private enterprise and the ICT network.

A specific provider (or stakeholder groups) was treated as provided in each service category. The network owner creates value for people and businesses. A significant result of this assignment process is the appointment of business model trends in cases that have no relevant network-related business models. This is fair because all of these municipal types need different resources (networks and grids, sensors, etc.). The unbundled trend is still in effect even though these facilities are leased for service provision. When the IoT is used as the main resource that results in the IoT market models involved, circumstances change [24, 25]. In the above-mentioned situations, though, cities have still not capitalized IoT, which helps start-ups and other vendors to build value.

Machine Learning Paradigm for Internet of Things Applications

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