Is IoT really next to us? Let us explore the Indian IoT market and number of growing start-ups under the IoTNext 2017 event. IoTNext 2017 with atheme“Beyond the Hype: Pilots to Scale”, IoTNext 2017 will focus on the opportunities and challenges from practitioners’ viewpoint, learning from the pilots and challenges in terms of full scale deployment. Ashwini K Aggarwal, the Chairman of IESA shares his insights on number of related area of Indian IoT scenario and start-ups.Excrepts
EM: Market of IoT in India is improving with expansion. While being still in early stage what opportunities and benefits will IoTNext bring for start-ups?
Ashwini K Aggarwal: Digitization of the real world is proceeding at an astounding pace. IoT sensors are starting to generate this immense dataset which is the fodder for Artificial Intelligence and Machine Analytics to reach new heights. Contextual data based on ambient knowledge is transforming and optimizing all facets of life, be it self-driven car, self-optimizing supply chain or a completely automated factory. Further, with big data being the buzz word these days, especially after automation having a dominant impact on the overall economy, there is a lot of scope of developing the expectations in the IoT space. We have a detailed session dedicated specifically on IoT Artificial Intelligence & Analytics at this year’s event.
EM: Internet connectivity is still a big challenge at some places so with reference to Indian start-up what do you think about Indian IoT market?
Ashwini K Aggarwal: There is a plethora of opportunities in this space, be it organisations (small, large, new or old), industry bodies, partners, customers or even individuals. Several industries are being transformed with IoT, business models are changing from capex to opex and Product-as-a-Service (PaaS) is the new business model today rather than just an equipment sale.
For India to benefit and be at par with the Western world, it must accept a thoughtful policy to drive IoT and AI innovation, adaptation, and proliferation in sectors outside consumer goods and information technology services. The IoT industry would cross the USD 400 billion mark and the number of connected devices is expected to be more than 30 billion by 2020, globally. Government of India The government should recognise public sector applications like spotting tax fraud, averting subsidy leakage, and targeting beneficiaries, where current advances in AI could make a substantial influence. India needs to view machine intelligence as a critical element of its state security strategy and gauge models which expresses research in collaboration with the private sector and universities
The objective is to create an IoT industry in India of USD 15 billion by 2020, which will lead to an increase in the connected devices from around 250 million+ to over 2.7 billion by 2020.
EM: Security in IoT network is the next big challenge for IoT developers. How will this event help startups to develop a secure solution?
Ashwini K Aggarwal: Any connected IoT device, be it a gadget, building or a city exposes itself to hackers and cybersecurity threats are growing exponentially globally. There are different ways of attacking the problem – use existing cybersecurity frameworks and approaches to secure the IoT end nodes, or think like the hackers and get more offensive in terms of going after them to shut down their networks more akin to how security in the physical world works. Machine detection, anomaly detection and machine level co-relation are areas of active experimentation ongoing to secure, identify and quarantine IoT devices. IoT Security CIG is working out various technical and policy elements to address and create a robot environment for our evolving IoT landscape.
We have an exclusive session at the event which will lay stress on the IoT Security and Transportation. The experts will lay stress on the latest hacks and how companies are trying to address and plug the threats. Debate and discuss how ‘IoT Security’ needs a fresh thinking which will be discussed in partnership with the CISO Platform.
EM: India’s aim to become 100% E-vehicles nation by 2030. How do you think this event will help to fulfill this dream of our government?
Ashwini K Aggarwal: Investments are happening globally to make transportation, mobility and logistics more efficient and effective. India’s creaky logistics ecosystem which has been fuelled recently by ecommerce has made rapid technology enablement to match demand and supply to improve efficiency and several well-funded IoT start-ups have emerged. Improving efficiency in mass transportation, be it with GPS enabled buses and Apps or bringing Hyperloop in select cities is the future of India. E-Mobility is chartering an aggressive course in many countries with India now on a national mission to go all electric vehicles by 2030.
We have another exclusive session at the event that will highlight the new wave of technology enabled mass transportation like Hyperloop, how India plans to chart its course on 2030 E-Mobility mission and IoT enabled Logistics that would be making cities Greener, more Productive and Safer, the ultimate goal for smart cities.
EM: As the Chairman of IESA, what is your insight on the future of IoT market in India?
Ashwini K Aggarwal: There is a plethora of opportunities in this space, be it organisations (small, large, new or old), industry bodies, partners, customers or even individuals. Several industries are being transformed with IoT, business models are changing from capex to opex and Product-as-a-Service (PaaS) is the new business model today rather than just an equipment sale.
For India to benefit and be at par with the Western world, it must accept a thoughtful policy to drive IoT and AI innovation, adaptation, and proliferation in sectors outside consumer goods and information technology services. The IoT industry would cross the USD 400 billion mark and the number of connected devices is expected to be more than 30 billion by 2020, globally. Government of India The government should recognise public sector applications like spotting tax fraud, averting subsidy leakage, and targeting beneficiaries, where current advances in AI could make a substantial influence. India needs to view machine intelligence as a critical element of its state security strategy and gauge models which expresses research in collaboration with the private sector and universities
The objective is to create an IoT industry in India of USD 15 billion by 2020, which will lead to an increase in the connected devices from around 250 million+ to over 2.7 billion by 2020.
