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

How Covid-19 can be a boon to slash tobacco disease burden

 The two-month Covid-19 lockdown has been both a bane and a boon for India’s 27 crore tobacco users. With tobacco not included in the list of essential goods and many states explicitly banning chewing tobacco over concerns of spitting, the sharp drop in availability has forced them to undergo wi

Maharshtra braces to face Cyclone Nisarga

 Even as Mumbai fights challenges posed by COVID-19 on multiple fronts and as the  coronavirus cases continue to rise daily, the city now faces a double whammy with the cyclone ‘Nisarga’ slated to make the landfall in Maharashtra Wednesday. A state-wide alert has been issued for Mumba

Harnessing the demographic capital: how effective are skilling programmes?

Probing data concerning increased job creation and the decline in unemployment has been holding the attention of economists and been subject of discussions in several think tanks in the preceding months. The NITI Aayog reports that 3.53 million new jobs were created between September 2017 and February 2018

It`s time to Unlock now, with economic focus

With Lockdown 4 ending Sunday, the home ministry has issued new guidelines to fight COVID-19 and for phased re-opening of areas outside the Containment Zones. The guidelines, issued based on extensive consultations held with states and UTs, will be effective from June 1 till June 30. The first phase of reo

Small kitchen gardens turn saviours for Gujarat tribal families

When the whole world is fighting COVID-19, food and nutrition security has become a major issue. The pandemic has aggravated the existing food crisis in India, especially in rural and tribal regions. There has been less availability of fresh foods in most parts of the country, and the tribal community has

India will set example of post-Covid-19 economic revival: Modi

India is determined to “set an example” for the rest of the word in the post-pandemic economic revival, prime minister Narendra Modi has said, underling the need to become self-reliant. “There is also a widespread debate on how the economies of various countries, including



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter