The document discusses the outlook of the Internet of Things (IoT) in India. It states that while IoT adoption is later in India than developed countries, India is expected to grow and mature at a faster rate. A joint report predicts a $12 billion IoT opportunity in India by 2020, with industrial IoT expected to surpass consumer IoT. The document also notes that IoT adoption in India's industrial sector, especially in manufacturing, automotive, and logistics, is far greater than the consumer sector. Finally, it argues that for IoT to realize its full potential in India, the government, businesses, and research and development must come together.
1. The Outlook of IoT in India
Looking back at the greatest inventions, the reasons for their success seem obvious but it is
now always so clear at the time. Similarly, emerging technologies like Artificial Intelligence (AI)
and the Internet of things (IoT) have the potential to transform our lives. The world is going
increasingly digital as the IoT revolution takes hold. It is now up to India to step up to the
challenge and deliver.
Movies, especially in science fiction, might portray a dystopian future, with talking robots and
enhanced humans. While this might seem a distant dream, reality may not be that far off,
especially when we consider the progression of technology and artificial intelligence.
Intelligent and connected devices have the potential to bring about a transformation in every
aspect of the life, society and ecosystem we live in. Through IoT, interactions between humans
and machines are unlocking possibilities as AI and machine learning (ML) enable our devices to
better anticipate, react and respond to us.
IoT in Smart India
Cloud computing and analytics are the primary forces driving IoT around the world, with factors
like an increase in growth and mobility, smarter lifestyles and better decision-making playing key
roles. India is not to be left behind, either. It might have taken to IoT later than most developed
countries, but is expected to grow and mature at a faster rate.
Consumers are becoming increasingly tech-savvy as smartphone usage and mobile penetration
grow. This is driving consumer IoT applications in India but even that pales in comparison to the
industrial IoT applications, largely due to the cost of the devices and security concerns. A joint
report by IAMAI (The Internet and Mobile Association of India) and Deloitte, predicts a $12
billion IoT opportunity with industrial IoT expected to surpass consumer IoT space in India by
2020. In the face of such promise, it is vital for us to transition from a knowledge economy to an
innovation economy.
Industry Outlook
Alongside AI, augmented and virtual reality are making their way into our everyday lives,
particularly in the verticals of Healthcare, fintech and more. As IoT becomes a bigger industry,
investors and organisations from around the world are eager to fund these technologies. Many
organisations have already adopted or plan on adopting IoT solutions.
The Microsoft report, IoT Signals, claims that almost 88% Internet of Things (IoT) decision-
makers feel the adoption of IoT-based technologies is becoming critical for business success.
Even more impressive, about 75% of the respondents said they have IoT projects in the
planning stages.
Demand for IoT
2. The Indian IoT ecosystem has a diverse set of stakeholders, ranging from hardware vendors to
system integrators. A large portion of these stakeholders are startups, a number of whom have
emerged in the past few years and attracting investor interest.
Organisations are thinking of more innovative ways to make life more comfortable with the
expectation that IoT will make automation more widespread and improve productivity. IoT
adoption in India is taking place with three broad applications - consumer, industrial and the
public sector. In India, the adoption of IoT in the industrial sector has far greater than the
consumer sector with the highest adoption levels are manufacturing, automotive transportation
and logistics.
Public and Consumer Applications
There is going to be a significant IoT application in the public sector. The potential for IoT,
especially in India, is expected to be driven by the Indian government’s focus on the smart cities
initiative. IoT is a key enabler for this, supporting transportation, improving traffic management,
energy efficiency and avoiding wastage. Consumer expectations from IoT include better access
to public services, lower levels of pollution, improved safety and security, more affordable
healthcare and reduced congestion.
On the consumer side, growth in the lifestyle and home automation segments has raised the
demand for smart appliances that improve the quality of their life. They are looking for
personalized experiences; with smart sensors, fitness trackers or smart homes triggering
growth. Most consumers are familiar with smartphones but might not be as well-versed in other
connected devices and IoT applications. Thus, most development activities are related to
industrial opportunities.
Industrial applications
Manufacturing can benefit from productivity tracking in real-time with smart tools, managing
manufacturing processes and product efficiency. The benefits even trickle down the supply
chain with process automation, connected robotics and tracking of goods sold. The healthcare
industry makes widespread use of AI, using machines to provide virtual assistance, remotely
monitor medical equipment and possibly reduce any downtime.
Healthcare is one of the most popular verticals with artificial intelligence used widely. Healthcare
startups use machine learning to improve diagnosis, reduce drug discovery time, and provide
virtual assistance. Portability has also played a defining role in convenient handheld devices
and smaller batteries.
Coming Together
Each new technology poses its fair share of challenges. Still in its infancy stage, each challenge
in IoT has not yet been fully explored. Cybersecurity risks prevail with numerous connected
devices and virtual and physical worlds interacting with each other. Organizations will have to
take security measures to protect consumers from such threats. As understanding about the
3. technology advancements grows and knowledge is shared between disciplines, regulations and
frameworks will need to be set up to enable IoT to function smoothly and realize its full potential.
The further we go down the path of a technological revolution, the more IoT’s potential can be
unlocked. The success of the Indian ecosystem depends upon the government, businesses and
research and development coming together to best use these technologies. If each of these
things come together, it will help India to jump into an innovative and cutting edge future that we
will be well prepared to take advantage of.