Perspective Chapter: Data Monetization Model for Sustaining Smart City Initiatives
This chapter aims to create a G2B business model framework for data monetization under Smart City Mission (SCM) in India. It sets a premise to understand the urgency of a data monetizing model as a revenue option for sustaining the smart city initiatives. The sustainability of smart city makes it in...
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| Autores principales: | , |
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| Formato: | Capítulo de libro |
| Lenguaje: | inglés |
| Publicado: |
IntechOpen
2022
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| Materias: | |
| Acceso en línea: | https://www.intechopen.com/chapters/84608 |
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| Sumario: | This chapter aims to create a G2B business model framework for data monetization under Smart City Mission (SCM) in India. It sets a premise to understand the urgency of a data monetizing model as a revenue option for sustaining the smart city initiatives. The sustainability of smart city makes it inevitable to look for a separate revenue stream for cities to fund the operations & maintenance of smart city infrastructure created under SCM. The chapter explores few attempts made by other ministries in India towards data monetization and the role of data privacy and sharing policy for protection from data exploitation. The first approach to the research includes analysis of cases of other smart cities and data monetization initiatives around the world. Further the paper also explores the kind of data generated under Smart City Mission India to understand the possibility of monetization and its value for different stakeholders. The limitation of this study is that data monetization has not yet been rigorously tested in practice in the government sector. Hence the current study attempts to explore the potential of the same as a financing option for sustaining smart city initiatives in India. |
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| ISBN: | 978-1-80356-572-9 |
| DOI: | 10.5772/intechopen.108345 |