We are amidst exciting times as we experience machines thinking, talking and adding value to how individuals engage with the world in their daily lives.
With over 20 billion internet-connected devices expected to run by 2020, the deluge of data streams from these devices would warrant the use of edge computing, sophisticated analytics and AI. Innovative interplay of such technologies to produce desirable use cases is egging on the growth of Internet of Things (IoT) today.
Globally, countries are fast-adopting IoT in spaces such as retail, consumer wearables, commerce and smart infrastructure. Currently a relatively small market for IoT, India aims to clinch at least 20 percent market share in the next 5 years. The Indian government’s efforts in modeling a ‘Digital India’ highlight the indispensable role of IoT and cloud technologies to usher in a digital revolution for growth in India. In the 2016-17 Union Budget, the government promised an outlay of Rs. 7296 crores as part of its AMRUT and Mission to build 100 Smart Cities, the success of which is contingent on adaptive use of sensors, smart devices, connectivity, cloud and Big Data technologies.