MOUNTAIN VIEW, Calif., Sept. 2, 2014 /PRNewswire/ -- Based on its recent analysis, Frost & Sullivan recognizes Living PlanIT as a pioneer in Internet of Things (IoT) and smart city technology and enabling models, awarding the company the 2013 Award for Smart City Projects in Europe. Frost & Sullivan is excited to celebrate Living PlanIT's continued growth and rapid expansion into new markets around the world.
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Living PlanIT is improving critical infrastructure through three principals: systems thinking, new business models and enabling platforms.
"As attention on smart cities and communities grows rapidly in Europe, city councils are looking at solutions for complex projects that not only require a variety of expertise, but also innovative ideas and technologies designed for intricate city systems," said Frost & Sullivan Research Director Adrian Drozd. "Living PlanIT has swiftly positioned itself as a capable player to address difficult projects."
Living PlanIT's strategic partners have invested significant resources into researching various city models and critical systems in order to understand the common approaches to design, construction, operations and the resulting resilience of various systems over time. This work is carried out in close collaboration with an extensive ecosystem of partners from industry, government and academia to ensure the broadest and most holistic analysis. As a result, Living PlanIT has created its own approach to urban development that first identifies the types of problems a particular government, city, or community aims to overcome, and then identifies the best technological solutions to respond. PlanIT OS(TM) reduces capital expenditure and operational expenditure, while increasing net operating income and the value of underlying assets.
Living PlanIT also offers PlanIT Assurance(TM) services to its partners and customers to identify strategic goals, find the corresponding methodologies and technologies required to achieve these goals, and enable smooth implementation of PlanIT OS(TM) infrastructure.
Living PlanIT has applied its methodologies and products to urban developments around the world. The company is building a strategic ecosystem of players--from large and well-known enterprises such as IBM and Hitachi, to SMEs--that can jointly address different projects with varying complexities. The company's strong partnership strategy includes city councils, governments, and other public and multi-lateral organizations such as the United Nations.
Additionally, Living PlanIT is a member of the UK government's Smart City Ministerial Forum, advises the Clinton Global Initiative on Smart Cities and Infrastructure, and is advisor to the Singapore government's Internet of Things Board. Living PlanIT's business model is taught at Harvard Business School and is included in numerous international and independent research papers and publications.
About Living PlanIT
Living PlanIT is a software company recognized globally for its leading research and development of technologies synonymous with the industrialization of the Internet.
The PlanIT OS(TM) is the standards-based middleware product that provides real-time sensing, control, spatial analytics, data integration, security, support, and provisioning of ubiquitous context-relevant applications for the Internet of Things. The PlanIT OS(TM) provides the infrastructure for solutions across a broad range of vertical markets from manufacturing through mining exploration.
The PlanIT Urban Operating System(TM) is the implementation of the PlanIT OS(TM) for smart city and urban development market.
About Frost & Sullivan
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