The Huge Potential for IoT in India

The Government of India’s Digital India program aims at “transforming India into digital empowered society and knowledge economy”. It could well provide the required impetus for developing an IoT ecosystem in the country. The Department of Electronics and Information Technology’s (DeiTY) draft IoT policy document that was released in 2016 focuses on creating an IoT industry in India of $15 billion by 2020 and assumes India will have a share of 5-6% of global IoT industry. It also looks at manpower and technology capacity development of IoT specific skill-sets for domestic and international markets, undertaking research and development for all assisting technologies, developing IoT products specific to Indian needs in all possible domains.

This IoT policy framework is to be implemented by five vertical pillars (demonstration centers, capacity building and Incubation, research and development and innovation, incentives and engagements, human resource development), and two horizontal supports (standards and governance structure).

The IoT Opportunity for Traditional Indian IT Companies

The Government of India’s Digital India program aims at “transforming India into digital empowered society and knowledge economy”. It could well provide the required impetus for developing an IoT ecosystem in the country. The Department of Electronics and Information Technology’s (DeiTY) draft IoT policy document that was released in 2016 focuses on creating an IoT industry in India of $15 billion by 2020 and assumes India will have a share of 5-6% of global IoT industry. It also looks at manpower and technology capacity development of IoT specific skill-sets for domestic and international markets, undertaking research and development for all assisting technologies, developing IoT products specific to Indian needs in all possible domains.

This IoT policy framework is to be implemented by five vertical pillars (demonstration centers, capacity building and Incubation, research and development and innovation, incentives and engagements, human resource development), and two horizontal supports (standards and governance structure).

IoT Policy

The Internet of Things (IoT) fed by sensors soon to number in the trillions, working with intelligent systems in the billions, and involving millions of applications, the Internet of Things will drive new consumer and business behavior that will demand increasingly intelligent industry solutions, which, in turn, will drive trillions of dollars in opportunity for IT industry and even more for the companies that take advantage of the IoT. The number of Internet-connected devices (12.5 billion) surpassed the number of human beings (7 billion) on the planet in 2011, and by 2020, Internet-connected devices are expected to number between 26 billion and 50 billion globally.