CIO Insider

CIOInsider India Magazine


Connected Technologies Reviving The Business Realm

Sujith Vasudevan, Assistant Editor

We have learned our lesson. The organizations, regardless of the industries they belong to, have learned that the connected technologies are no more the business accelerants; they are in fact the drivers of the business. Remember, on this day last year, IoT was only running on the tracks of luxurious home automation, while Industrial automation was only lacing up its boots.

A year later, here we are, with even the industries like healthcare and manufacturing, wherein traditional physical operations and human trust-factor almost stone-walled the penetration of

technologies like IoT, are embracing the change and trusting the connected technologies that save stakeholders from stepping out of their homes as well as keeping the workmen at minimum.

It’s a sure bet that the IoT boom is here to stay. A recent study by Zinnov sheds light on dramatic statistics. The report estimates that the IoT investments in India were close to $5 billion in 2019, and are expected to triple to cross $15 billion by 2021 across both technology products and services. The number of connected devices in the country, which was clocked at 200-250 million last year, is on course to grow a whopping tenfold to become 2 billion by next year, indicating an exponential market growth ahead of us.

While it’s a great omen that the organizations, especially homegrown startups, are striving hard to block the flood of mediocre Chinese devices, organizations like Globus Eight are endeavoring to create a common IoT Platform to connect any IoT device. The combination of great homegrown applications and amazing products will definitely have the final say in the matters like combating China in manufacturing, developing Smart Cities, and the ultimate goal of Atmanirbhar Bharat. With around 30-40K professionals dedicatedly working on core IoT, which makes India one of the richest talent ecosystems for IoT, the future looks really promising. In this issue of ‘10 Most Recommended IoT Solutions Providers - 2020’ we are featuring some of the unique organizations that are shaping the future of IoT in India.

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