ARMONK, N.Y., March 31, 2014 /PRNewswire/ -- Frost & Sullivan announced today that IBM (NYSE: IBM) received the 2014 Global Visionary Innovation Leadership Award as Best-in-Class Smart City Integrator.
An independent analysis from the Visionary Innovation Research Group at Frost & Sullivan has named IBM the leading Smart City integrator, recognizing its deep expertise in working with thousands of cities of all sizes on Smart City initiatives. The award cites IBM for its innovative solutions designed to help cities better manage resources through the use of Big Data analytics and cloud computing. IBM provides cloud-based solutions to help cities transform all aspects of city operations, manage traffic, improve public safety and improve sustainability.
"This Frost & Sullivan award acknowledges IBM's accomplishments in helping cities around the world become smarter," said Michael J Dixon, Ph.D., general manager, IBM Smarter Cities. "IBM's proven experience in helping cities adopt cloud-based connectivity and industry solutions specific to water, public safety, transportation, sustainability and healthcare is helping cities reinvent themselves and change the way they work."
The Visionary Innovation Leadership Award recognizes the frontrunners who have demonstrated a deep understanding of global Mega Trends and their implications to the future. Offering best-in-class smart solutions for cities to tackle the Mega Trends of urbanization and changing demographics is one such strategic opportunity. According to a Frost & Sullivan estimate, the Smart City market is likely to be worth a total opportunity of $1.565 trillion to stakeholders by 2020.By creating a systematic flow of information and effective management of resources, IBM has created one of the most comprehensive integrated solutions in the Smart City market landscape. It has also emerged as a key enabler for smart city projects, integrating and converging with organizations and local authorities to provide solutions for the development of a smarter city.