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Frost & Sullivan to Present Siemens Infrastructure and Cities Sector with the Unique 2012 Global Frost & Sullivan Company of the Year Award for Leveraging on "City as a Customer"

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3 Pages
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Frost & Sullivan to Present Siemens Infrastructure and Cities Sector with the Unique 2012 Global Frost & Sullivan Company of the Year Award for Leveraging on "City as a Customer" PR Newswire LONDON, Sept. 20, 2012 - Siemens is among the first to take cognizance of the tremendous opportunities cities offer as customers LONDON, Sept. 20, 2012 /PRNewswire/ -- Frost & Sullivan is proud to present the 2012 Global Award for Company of the Year in the "City as a Customer" market to Siemens Infrastructure and Cities Sector. This prestigious award recognizes a company's best practices in identifying global Mega Trends and their implications, and subsequently pioneering products and services to take a competitive lead in servicing this new client base and its unmet needs. The Visionary Innovation Research group of Frost & Sullivan conducts cutting- edge visionary research by tracking the most important global Mega Trends, potential scenarios of specific trends in 2020 and beyond, and the macro to micro implications of these trends. The Visionary Innovation Research teams have conducted extensive work on urbanization, smart as well as sustainable cities, and have identified "City as a Customer" as a New Mega Trend that will force companies to re-organize their organization structure and strategy and create new white space market opportunities.

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Frost & Sullivan to Present Siemens
Infrastructure and Cities Sector with the Unique
2012 Global Frost & Sullivan Company of the
Year Award for Leveraging on "City as a
Customer"
PR Newswire
LONDON, Sept. 20, 2012
- Siemens is among the first to take cognizance of the tremendous
opportunities cities offer as customers
LONDON
,
Sept. 20, 2012
/PRNewswire/ -- Frost & Sullivan is proud to present
the 2012 Global Award for Company of the Year in the "City as a Customer"
market to Siemens Infrastructure and Cities Sector. This prestigious award
recognizes a company's best practices in identifying global Mega Trends and
their implications, and subsequently pioneering products and services to take a
competitive lead in servicing this new client base and its unmet needs.
The Visionary Innovation Research group of Frost & Sullivan conducts cutting-
edge visionary research by tracking the most important global Mega Trends,
potential scenarios of specific trends in 2020 and beyond, and the macro to
micro implications of these trends.
The Visionary Innovation Research teams have conducted extensive work on
urbanization, smart as well as sustainable cities, and have identified "City as a
Customer" as a New Mega Trend that will force companies to re-organize their
organization structure and strategy and create new white space market
opportunities. This award category is to recognize best practices of those
companies who have rightly identified "this trend and its implications and have
accordingly pioneered products and services to take a competitive lead in
servicing their existing and new client base with their unmet needs."
Cities in the future would have transformed from being a mere hub of
economic activity and growth to being full-fledged customers, demanding
highly customized, unique and innovative city concepts and infrastructure
solutions. With 60 percent of population in urban areas, 35 Mega Cities, 21
Mega Regions, and 21 Mega Corridors by 2025 globally, Frost & Sullivan expects
companies to be in a serious scramble to capitalize on the opportunities offered
by burgeoning populace and global city infrastructure spending.
Visionary companies will try to meet that demand either by revamping their
divisions or by partnering with companies that boast of "city infrastructure"
capabilities. Frost & Sullivan's recent research shows that Siemens is one
company that is setting a precedent to win the urban race for city
opportunities.
The company has adopted a simple yet effective strategy. Already an
integrated technology company with business areas (known as Sectors) in
industry, energy and healthcare, Siemens AG has unveiled a strategic move to
create a fourth Sector called Infrastructure and Cities (IC) to exploit the future
city infrastructure spending and compete with its rivals that sell city
infrastructure solutions in the urban sector.