These are some of the most exciting times for India. It is going to connect 400 million people to a proposed IoT network. As per a study, the Indian IoT market will grow to $9 billion by 2020.
Wikipedia defines the Internet of Things to be the inter-networking of physical devices, vehicles (also referred to as “connected devices” and “smart devices”), buildings, and other items embedded with electronics, software, sensors, actuators, and network connectivity which enable these objects to collect and exchange data.
So, what’s the news ?
In a momentous announcement recently, India is going to see its first LoRaWAN™ (LoRa) based IoT network. It is going to connect applications and devices across a map of smart buildings, security and healthcare services. Currently, it is being used to connect top 4 city tiers of the country, amounting to 400 people.
Fruits of globalisation?
What we are seeing is an outcome of a globalised world where technology transcends borders and business is conducted at the speed of thought, something visualised by Bill Gates way back in 1999. By leveraging its technological infrastructure, India can ride the technology waves set in motion elsewhere in the world. For a clearer perspective about the momentum of IOT on a global scale, see what Gartner projected : “By 2020, Internet of Things Will Create $1.9 Trillion of Economic Value Add and over 30 Billion Connected Devices Will Be In Use”.
Supports a start-up ecosystem:
Gartner also suggested, “Half of this activity will be new start-ups and 80 percent will be in services rather than in products.” This is in line with what The Associated Chambers of Commerce & Industry of India said – that India is world’s third biggest tech start-up scene right after the US and the UK.
What do we see in the near future?
The possibilities are endless. It could be your Air-conditioner turning down the temperature by keeping a tab of your preferences. It could be your refrigerator turning up the temperature depending on the time of the day. Or, it could be your diagnostic centre talking to your heart-rate tracker. The Ghost In The Machine is now going to be your friendly household IoT device.
The big picture:
With the enormous amounts of data that is going to be collected, there is a huge scope for implementing machine learning and artificial intelligence on a large scale, creating further ripple effects. The time and money savings involved are unprecedented. IoT network in question is going to be rolled out in top tiers of the country, first. But sooner or later, the shift in cost structure will mean even the rural population will take advantage of the digital service ecosystem. Hopefully, this will help touch their lives like never before.