Friday, February 22, 2019
News

India poised to lead IoT industry, says IT Secretary (Lead)

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Wednesday, 2017 4:45:04 PM IST
India understands the potential of technology and should aspire for nothing less than a leadership role when it comes to adopting Internet of Things (IoT) ecosystem to improve efficiencies across sectors, a senior bureaucrat said here on Wednesday.

Launching the second edition of the 'IoT India Congress 2017', Information Technology Secretary Aruna Sundararajan said with the two largest industries -- information technology (IT) and telecom -- that power the IoT industry, India is poised to become a winner in this space.

"The capabilities in entrepreneurship in different sectors, the aspirational and second-to-none startup community in India and the young demographics makes me optimistic that India can forge ahead in this direction," Sundarajan told reporters here.

Conceptualised, designed and organised by the Institution of Engineering and Technology (IET) India, the IoT India Congress is country's largest platform for accelerating business outcomes in IoT.

The global IoT market is set to exceed $300 billion by 2020 and with almost 1.9 billion devices to be connected to the internet in India by 2023, Indian IoT market is forcast to secure 20 per cent of the global IoT business ecosystem to reach nearly $15 billion in next three years.

Dr Rishi Bhatnagar, Chairman IET-IoT Panel and Organising Committee, IoT India Congress 2017, mentioned a Gartner report, informing that 8.4 million devices will be connected in 2017 -- 31 per cent more than last year.

"This is a phenomenal pace of growth of IoT devices and the current need is for industries to be technologically equipped to ride on this wave to be able to gain maximum out of it," said Bhatnagar during one of the panel discussions.

Shekhar Sanyal, Director and country head of the IET, said that the IET India IoT panel understands the need to create sentience and increase participation from the stakeholders in the IoT value chain.

"Led by the volunteers, the IET India IoT Panel is working to influence the future of IoT, which will change the way we interact and do business," Sanyal added.

--IANS sku/na/vt

( 348 Words)

2017-05-17-16:04:09 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
US-China trade talks resume in Washingto...
Jammu-Srinagar highway remains closed...
China, Saudi to boost financial cooperat...
Trump, Kim to meet one-on-one during sum...
Norwegians are favourite targets of cybe...
Kesoram arm expects to cross Rs 400 cr r...
More...
 
INDIA WORLD ASIA
Vice-president Venkaiah Naidu inaugurate...
Two companies, one platoon of PAC, 168 p...
'Saudi Arabia recognises India's positio...
Famers call off stir after assurance by ...
Over 6 lakh saved by beggar donated to f...
Time will come when people's sentiments ...
More...    
 
 Top Stories
Samsung Galaxy 'S10' smartphones in... 
Cardi B supports Khloe Kardashian a... 
2,600 foreign journalists to cover ... 
Michael B. Jordan to be directed by... 
Japanese spacecraft lands on astero... 
Congress leader Rashid Alvi's meet ... 
Turkish Women’s Cup a good challeng... 
'Space Jam 2' gets 2021 release dat...