How can landowners increase the value of their land?
- They can seek agreement with stakeholders to share infrastructure, operations and data.
- They can add in their feasibility studies the use of new technology and collaboration between stakeholders, which would optimise the CAPEX and OPEX in the long-term, according to the INSEAD business school.
The master developers can:
- Focus on defining a detailed systemic urban strategy
- Deploy "Internet of Things" technology in the infrastructure
- By leveraging the data from the infrastructure, set up new revenue streams
Sub-developers could:
- Reduce duplication in data collection, in collaboration with the master developer
- Develop a collaborative concept of operations
Sub-developers could also generate new revenues through new services. They could then institute innovation business models bridging multiple areas such as transportation and commercial property. The end customers can also help by proposing new human-centred services.
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