IoT industry all set to create a new history by 2020!

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Tuesday, October 28, 2014: The central government of India is working on a plan to create a $15-billion ‘Internet of Things’ industry within next six years. The industry is on a boom expanding the network of inter-connected devices, accessible through Internet.

This industry enables automatic switching off street lights to save power and connected smartband can automatically alert doctors if any patient is suffering from immense abnormalities in a remote location. It means this industry offers all kinds of automatic solutions to our daily-life problems across sectors like agriculture, health services, energy, security, disaster management and so on. The new policy proposes development of tools which can supervise quality of water for daily usage, quality of air and changes in body parts, so that alerts can be sent automatically to hospitals. If the industry is made to its full potential then human intervention will be set at a certain limit.

In 2011 Internet-connected devices amount has already crossed the number of human beings globally and by 2020, the industry is set to create a new benchmark, by reaching between 26 billion to 50 billion. In order to boost the sector, the government has planned to sponsor to create resource centres to conduct experiments. Incubation centres will also be set up as National Centre of Excellence in partnership with IT industry body Nasscom and other industry associations. A project called ‘International IoT Research Collaboration scheme (IIRC)’ is also due to be set up and the government is expected to make collaborations with other countries to initiate joint projects in the industry.

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