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Many young Internet businesses have embraced the lean start-up principles of beginning small and getting products into the marketplace quickly in pursuit of paying customers.
Boyd Cohen says smart cities should be more like lean start-ups: "Lean start-up principles suggest that innovators should develop a hypothesis about likely reactions to a minimum viable product and be prepared to rigorously measure the results.
Perhaps it is online retailer and web services provider Amazon that best exemplifies lean start-up principles in action.
Kassir Hussain, director of connected homes at British Gas, says Hive was founded on the "lean start-up principles" espoused by Eric Ries in his book The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com