Impact of IoT on Startup and Technology Industry
Under internet of things various devices will be connected with internet that will automatically share data among concerned person.
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We interact with countless things each day that support us as we sleep, eat, work and play -- the bed, we get out of in the morning, the shower head, your toothbrush, the car steering wheel, your watch and your lunch box. Your stove, blender and refrigerator -- you get the picture. What if these objects, on which we rarely spare a second thought, had intelligence of their own?
The Internet of Things is exactly that “what if” put into action. As Internet connectivity gets embedded into everything from baby monitors to industrial sensors, investors, entrepreneurs and engineers are rushing to cash in. It is physical objects, embedded and enhanced with sensors and wireless capability, sending signals to each other and data to our phones. Once upon a time, computers were pretty much the only devices that connected to the internet. These days, that idea is a fairy tale. As IoT will grow in the next few years, more and more devices will join the list.
Under internet of things various devices will be connected with internet that will automatically share data among concerned person. Wearable devices like Smart watches, fitness band, solar backpack, connected glucometers etc., have begun to create a big buzz. Globally, the growth of wearable devices and IoT applications are being largely driven by innovations in wireless technologies such Wi-Fi, Bluetooth Smart, NFC, and GPS. And, Broadcom, through its solutions, plays around these technologies. The wrist-worn wearables, including bands, bracelets, and watches, are expected to account for more than 80 per cent of all wearable device shipments by 2019.
The Internet of Things (IoT) is lauded by most as the next great revolution in technology. A world where every object we use has a sensor, enabling it to connect to the internet so it can communicate with each other and the user is a world that seems like something out of science-fiction. With the Internet of Things fast approaching, that world could become a reality very soon. Experts estimate that the IoT market could be worth as much as $1.7 trillion by 2020, with more than 50 billion devices connecting to the IoT by that time. But where will much of that growth come from? The U.S. is always near the forefront of technological developments, and China is in the middle of a massive economic expansion, but some are saying India will be the place to look for IoT growth, even becoming the largest consumer of IoT devices in five years. While some dispute the claims, it’s clear the future is bright for the IoT in India.
Businesses in India are more likely to take advantage of the benefits of the IoT, allowing for more industrial automation and efficient operations. Logistics are expected to get a real boost from IoT devices, as seen in how some companies have already used it to maximize their transportation. And some businesses are developing platforms designed to make the IoT more accessible to other organizations and, eventually, the rest of the population.
Though challenges still remain, the future of the IoT in India is a promising one. The government is fully backing the effort to develop better infrastructure, companies are coming out with innovative products, and industries understand the benefits the Internet of Things provides. With more time and resources, IoT progress could prove to be impressive on a large scale. If that progress continues, the prediction about IoT use in India may come true after all.
Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house
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