India is advancing towards a world of smart devices. Internet of Things (IoT) is the next revolution that will touch the lives of millions in the country.
IoT is the collaboration of advanced technologies like robotics, sensors, analytics and artificial intelligence. It connects the devices, which communicate with each other with the help of the internet. The outcome of this is customized choices and timely solutions for the users. IoT will connect devices like your phone with your car, home lights, security system at the door, and more. These devices will have built-in sensors which will help them perform and react smartly without any external instructions.
Future of IoT in India
IoT is at the nascent stage in India. It will soon transform the way we live. Companies across the country will make use of smart devices, cloud technology, sensors, high-speed data and analytics software to offer optimum solutions to the customers.
Experts suggest that around 26 million smart devices will be connected through IoT. Besides, the products and services are expected to earn $300 billion in revenue and $1.9 trillion in value for India Inc.
Previous technological revolutions
Earlier, India had failed to participate in technology revolutions of mainframes, desktops, minicomputers, laptops and smartphones, on which countries like the USA, China and South Korea have embarked upon. But now, India cannot miss participation in the innovation of IoT.
The computer revolution let companies like Google, Dell, Yahoo, Microsoft and IBM establish an indelible presence in the Information Technology (IT) world. Similarly, the smartphone revolution made companies such as Facebook, Twitter, Apple, Samsung, Xiaomi, globally popular. The upcoming IoT revolution opens up greater opportunities for Indian companies to carve out their names globally. Tikona broadband is all set be one of the leading names in this revolution.
Opportunities for India
Since the past 20 years, India has been developing technology in the fields of IT and engineering services. But now, the country is backed with solid resources and can pay attention to innovative products along with manufacturing and services. There are untapped opportunities for the country to come up with new devices, systems, software analytics, data centers, and more.
To lead this revolution, Indian companies will have to work at product level innovation and create the right ecosystem. This may also be triggered with the right kind of support from the government and policies. The ‘Make in India’ initiative should not be restricted to manufacturing companies alone but should also be extended to making tech products. A strong collaboration among all will offer customers the choice of innovative products, services and solutions and let India lead the revolution.