What is the Internet of Things and what does it mean for India?
You may have heard the term “Internet of Things,” being used lately, but do you truly understand the meaning behind it? It’s a developing area of technology that isn’t always easy to wrap your head around.
Broadly speaking, the Internet of Things (IoT) is a network of devices that can connect to the web, making normal machines “smart.”
For example, if your coffee maker connects to an app on your smartphone that allows you to begin brewing with a tap on your screen, that coffee maker becomes part of the Internet of Things.
This technology stretches to all sorts of appliances from household objects to industrial ones, with new applications being developed every day. In India, these advances are taking shape very rapidly, with Deloitte projecting that by 2020, there will be 1.9 billion IoT units in the country and that the market value of this sector will hit $9 billion.
So what do we have to look forward to with these developments? First we have to take a look at the current state of IoT in India. Read more…
