India has evolved as an Information Technology Hub. The Internet of Things (IoT) is lauded as the next big revolution in Technology. Internet of Things refers to the art of communicating with day to day objects by connecting it to network which enables sending and receiving information. IoT transforms the way we think, the way we live and the way we perform. It is estimated that market could be as worth as $1.7 Trillion by 2020 with more than 50 billion devices connecting using IoT.
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| Internet of Things |
A lot of innovation is happening in IoT in India. USD billlion15 for smart city development project is set to be developed by end of 2020 by Indian Government. The various key initiatives in smart city project includes Smart City Maintenance, Intelligent Transport, Tele-care, Smart grids, Smart Parking, Women safety, Smart Parking, Smart lighting,Water management and Waste Management.
Government is also planning to promote IoT innovation through Center of Excellence in all major cities like smart water, smart health and smart environment. IoT has strong power to transform functions with full fledged technology that increases the production and reduces the cost.
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| IoT Future |
Several Startups which have localized and generalized the Internet of Things Technology are also playing a crucial role in the development. They are seeking to harness the potential of Internet of Things. The Future for Internet of Things is a promising one and certainly looks bright.In near future every device will be connected to chip through machine interaction. The biggest challenge for government lies in with complete integration of technology and language.
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