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Forgot to turn off the geyser again, and you are on your way to the office? Chill, you better focus on the presentation due at 10. The smart sensors will take care of it. Automated homes and offices in India are fast growing in number. Today we have smart homes with fully computerized lighting and security management system. Organizations now opt for smart offices with automatic water management or power saving devices. And, you know what? A good number of these automated solutions are coming from startups or smaller players in IoT, which is reason enough to explain the widespread acceptance in Indian homes.
Connected Living According to a NASSCOM report published in 2017, the IoT landscape in India is expected to reach $15 Billion by 2020, making up 5% of the global market. The last three years have seen over 100 Indian startups in IoT. Investors are showing interest in startups offering innovative IoT solutions and a whopping $60 million has been invested in the last two years. Among the leading verticals, healthcare and manufacturing are hot for investment.
IoT Implementations Talking about IOT applications, we may divide them into two broad categories: Industrial and Consumer segments. The industrial segment includes industrial and retail automation, contributing to the development of smart offices and smart cities. In the coming years, more organizations shift towards IoT will for improved and efficient businesses for higher productivity and better business returns. The manufacturing industry is using smart machines to improve the overall manufacturing process and to produce better goods.
The consumer segment, on the other hand, covers smart lifestyle, home, health, and fitness automation. IoT-based lighting system (with in-built sensors), remotely controlled air conditioners or smart security systems are already in use. Smart water management solutions from IoT Solutionz (an initiative by Pixel Solutionz with smart monitoring and automatic pump control services, helps you cut down on power bills, save water for later use. Wearable technology is largely in use for monitoring critical health conditions. Sensors are collecting data and at the same time, the data is made available for doctors. Now doctors can monitor crucial patients, closely, all the time, even when working from a far-off location.
Bigger players in the fray On a larger scale, IoT-based surveillance systems with LoRaWAN (Long Range Wide Area Network), is used to solve the problem of chlorination plant chlorine leakage along with chlorine cylinder temperature in India, has already been implemented. Google’s Project Brillo, which includes familiar tools such as Android Studio, the Android SDK, Google Play Services, and Google Cloud Platform, allows developers to build smart devices with Android APIs and Google services while staying highly secure with updates direct from Google. IoT is one of the biggest game changers of the century.
The Indian consumers have already realized the potential of smarts and market experts predict a steady growth for IoT-based solutions. The coming years will see more companies with better offerings, making life simpler for us. The IoT landscape in India looks bright and promising.
