Aeris & IIT BHU Collaborate to Launch ‘Internet of Things – Centre of Excellence’ to Make India an Innovation Destination
NOIDA, India, July 18, 2018 (GLOBE NEWSWIRE) — Aeris, a technology leader in the Internet of Things (IoT), today said it has collaborated with Malaviya Centre for Incubation, Innovation and Entrepreneurship (MCIIE) and Indian Institute of Technology (BHU), Varanasi to establish a state-of-the-art ‘Internet of Things – Centre of Excellence’ (CoE) on the IIT BHU campus. All entities aim to jointly address the pressing need in India to develop workers’ skills, accelerate innovation and increase entrepreneurship in emerging technologies like IoT.
The global IoT market is expected to cross $200 billion by 2020, according to the McKinsey Global Institute. India now accounts for 43 percent or USD $1.5 billion of the global $3.5 billion IoT market, according to Zinnov Zones. This is expected to grow to $15 billion, with 5.6 billion devices in India by 2020, according to Nasscom and Deloitte. This presents a significant opportunity for Indian technologists, startups and service providers to help advance IoT technology adoption.