IoT has potential to brighten up east

A study sees tremondous growth of inter of things industry in eastern India

GN Bureau | August 10, 2015


#est   #india   #inter of things   #iot   #it   #ites  

The 'Internet of Things (IoT)' can spice up the the east.

According to a joint report from PriceWaterhouseCoopers and Confederation of Indian Industries, West Bengal with Kolkata, is the most likely candidate to make the most from the IoT.

"Considering that West Bengal's share in the country's IT and ITeS revenue is around 4 percent, we can assume that the share of the eastern Indian states in the country's IoT revenue will be approximately 5 percent. This will mean potential revenue in the range of $750-900 million (roughly Rs. 4,781 crore - Rs. 5,737 crore) to be tapped from the region," the report said.

The recent IoT policy drafted by the department of electronics and information technology has aimed to create an IoT industry in the country worth $15 billion (roughly Rs. 95,631 crore) by 2020.

The study said the five east Indian states are fast evolving as lucrative destinations for the information technology (IT) and information technology enabled service (ITeS) sectors.

"While these regions were traditionally regarded as rich in terms of skilled resources and fostered academia through seminal educational institutions, they have been given a further boost through steps that are being taken by the respective governments for their digitization," it said.

The IOT enables objects to send and receive data at all times and communicate with each other using sensors and other micro devices. The report said IoT can help consumers achieve goals by greatly improving their decision-making capacity by leveraging on the augmented intelligence embedded within the smart devices and help companies achieve enhanced process optimisation and efficiencies.

Companies in the home and building, education, manufacturing, transportation, consumer electronics, retail, healthcare and other verticals are the key sectors which are investing in IoT, it said.

According to the industry association the allocation of Rs.7,060 crore for the smart cities project will lead to massive expansion of the IoT sector in the country.

Full Report:

https://www.mycii.in/KmResourceApplication/48069.EasternIndiaapotentialIoThubPwCCIIReportDesignedv23.pdf

Comments

 

Other News

70 words that define India, why Doklam stand-off won’t lead to a war, and more

As India celebrates 70 years of freedom, Governance Now looks back and picks 70 words – or phrases, buzzwords, slogans, events – that best define this ancient nation and young democracy. Here, you will find much to be proud of, much tinged with pangs of nostalgia. Then there are entries that

A dose of PPP in healthcare is what the doctor recommends

Dr Kenneth E Thorpe, a professor of health policy and management at Emory University in the US and also the executive director of Partnership to Fight Chronic Diseases (PFCD), says that the government alone cannot do everything. “They don’t have the resources and capacity. So we have to fin

EESL signs MoU with oil companies for energy saving appliances

Energy Efficiency Services Limited (EESL), a joint venture company of PSUs of ministry of power, signed an agreement with oil marketing companies (OMCs) of ministry of petroleum and natural gas for distribution of energy efficient appliances under the flagship Unnat Jeevan by Affordable LEDs and applianc

Jammu airport’s upgraded terminal building inaugurated

Union minister for civil aviation, P Ashok Gajapathi Raju inaugurated the upgraded passenger terminal building of Jammu airport.   Notably, Jammu airport belongs to the Indian Air Force, and airports authority of India (AAI) maintains a civil enclave for civil aircraft operat

Election Commission shows it has spine

The election commission has become increasingly assertive in the past few months, showing its mettle in times of electoral challenges.   Weeks after rooting from EVMs and just days after the poll panel declared votes cast by two rebel Congress legislators in the Rajya Sabha e

Is Amit Shah`s blueprint for 350-plus seats in 2019 Lok Sabha elections achievable?

Is Amit Shah`s blueprint for 350-plus seats in 2019 Lok Sabha elections achievable?



Video

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter