The 4th industrial revolution is here. The foundation of it has been built from the technological innovations born out of the third revolution. While spearheading across the 21st century on the horizon we can see a fusion of Machines interacting with Man using their own self-aware responsive state.
Nasscom Officially said on last Saturday that Internet of things will be the most emerging sector in India worth $300 Billion and the aim is to achieve about 20 percent of market share globally by 2020. With about a billion people on its land India can house billions of internet connected devices including smart phones computers etc.
The Indian digital space now has many active Hubs for nurturing Internet of things concepts and states within the country are competing to show full Co-operation. Recently the Andra Pradesh cabinet approved policies to push IoT and technology to promote active participation in this sector. With the State and central governments trying to create such an ecosystem, there has a lot of interest to accelerate R&D and innovation.
The Nasscom IoT Centre of Excellence had Mr.Vishwanathan speaking about joint initiative of Department of Electronics and Information Technology (DeitY), involving tech giants like Intel, TCS and AMAZON with Government of India.
With these drivers accelerating the new era of technological revolution India can move itself to a better hierarchy position across many countries in the list of most Internet of things (IoT) savy.