-By Mr. Amit Singh, CEO& Founder, Teliolabs
We could be totally wrong, but we are fairly sure that you can’t eat bits, burn them to stay warm, or put them in your fuel tank. We are physical and so is our environment, our society, and its survival isn’t just based on things. And that’s the big deal. The problem is, people have limited time and accuracy, all of which means that they are not very good at capturing data about things in a realistic world.
This is where the Internet of things (IoT) came into play where the Internet is connected to the physical world via ubiquitous sensors to provided remote insights on the health, status, efficiency, quality, and location of objects, people, places, and processes.
The emergence of IoT solution providers and their evolution could be understood through a time when technology conglomerate Cisco and Qualcomm Venture invested $43.3 million in a Hyderabad-based system-on-chip design company ‘Ineda’ in the year 2013.
This was the largest investment a company in India has received which had been working on IoT technologies. With its success, the government of India saw IoT as a tremendous value add to the development of the country and its digitalization efforts. Various campaigns like Digital India, Smart Cities Mission, and Make in India seen a major transformation leveraging this cutting-edge technology.
With the world advancing towards more advanced concepts such as artificial intelligence (AI), big data, predictive analytics, and machine learning (ML), which are already making a significant impact on the industry processes; IoT is all set to steer innovation and development across the industries. As the current ecosystem of connected devices expands to its potential the Internet of Things (IoT) has advanced business digitalization in India.
Today, we have evolved as a world where humans and machines live in a symbiotic relationship. A world where we constantly empowering computers with their own means of gathering information. So, they can see, hear, smell, and tell the world for themselves in all its random glory.
Idea and information are important but things matter much more. But still, today’s IT industry is significantly dependent on data originated by people that our computers know more about the idea than things. If computers knew everything they were to know about things, using data they gathered without any help from us, we would be able to track and count everything and greatly reduce waste, loss, and cost.
Despite its limitations and the challenges such as privacy, security, regulations, compatibility, bandwidth, and customer expectation. The Internet of things (IoT) is an existing sector that shows us the huge potential to change the way we live, work, and play. But the technology space, government, and consumer alike must get on the same page about issues of security and performance to ensure that the IoT solutions remain safe and productive to us.
In India IoT not only can assist Improving railroad safety through connected operations but can also reshape our outworn supply chain systems to smart logistics. The pro-active safety controls in railways can be deployed with the situation-aware integration and secure transmission of information collected by IoT sensors. IoT in intelligent transportation not only assists in improving road safety but can also help the world by easing traffic congestion and averting road accidents. On the other hand types of IoT sensors used in facilities management, and smart buildings automation that connects building operations through IoT are only limited only by your imagination. To simplify, tasks like; controlling building temperature, climate control, security, fire, water monitoring, and predictive maintenance.
Over the last few years, India has seen a great shift and deployment in IoT and other supporting technologies such as advanced big data analytics, AI/ML, and predictive analysis, Moving from pilots to real commercial deployments. IoT and its advancements in India can be exemplified as India’s target of reaching 5 billion connected devices by 2022 cannot happen without the efforts taking place in Smart Cities.
Also with the digital transformation initiatives and programs India is seeing an increase in the demand for smart street lighting solutions. In terms of revenue, the Indian smart lighting market was valued at INR 7.63 billion in 2018, which is expected to leapfrog up to 80.56 billion by 2024, expanding at a CAGR of 48.87% during the forecast period.
In accordance to Press Information Bureau, India generates more than 62 million tons of waste every year of which less than 60% is collected and 14% is processed. Due to the high rate of wastage accumulation, Indian landfills are unable to process the waste mounting in landfills. By leveraging IoT and data analysis waste management processing, and its monitoring is improving slowly.
One example which uses smart sensors, things, wireless connectivity, and data analytics is mart bins. Smart bins untangle the process of waste management by providing alerts when bins have too much-accumulated waste, by reducing operational costs such as fuel and manpower.
What we see in today’s India can be simplified and stated as a technological phenomenon. The government of India has implemented programs to support digital transformation in India. Asserting the philosophies of technology that deal with a phenomenon that most likely to decide the survival of the human race. The erroneous decision or judgment on the nature of technology could have fatal consequences.
Despite this fatal familiarity improvement in the processing of big data, cloud services, communication protocols, AI/ML, and the Internet of Things (IoT) is witnessing a new age of technological achievements. And no business can’t neglect the benefits IoT and other existing technologies adds to their daily operations neither they can afford to sit back and stay complacent
