Each and every day, along with the use of IoT devices, both in wearable and non-wearable the world turns more and more digital. Needless to mention, the value has unlocked so far with its enormous potential to change our daily life as we know it today. If the technology keeps on changing in the near future, we are going to evidence a lot of change that we hardly can imagine now. Change is coming but in various ways due to dynamic geography, culture, economics and politics.
The Internet of Things (IoT) offers a huge opportunity to transform society by establishing a new ecosystem connected with IoT devices. The main reason behind this technical shift to make our living easier, better and more affordable. Society will be benefited from personalized services and gradually remove negative environmental impact.
The new behavior and cultural manifestation are considered as a by-product of IoT enabled society and termed as the new Civic Operating System (Civic OS). In this report, special emphasis was given to discover developments and understanding that individuals expect to face in the near future. The Tata Communication team went to 12 different metropolitan cities of the nation and also spoke to more than 2000 respondents to understand the recent scenario in the consumer field and how things are going. Their responses reveal a lot of things about current awareness and knowledge of IoT. Those data also say a lot about the future IoT scenario in India. The team has worked hand in hand with a few third-party vendors to get the approximate data in the different research fields and to validate the research.
The primary idea of Civic OS is to define the ability of humans and machines to coexist by bridging the gap with the use of technology. It represents a fundamental change in norms and other fields of application. The IoT connectivity expands the connectivity and helps marketers to evolve along with the technological interaction with each other. It goes without saying, this new civic OS is powdered by data and optimized by a series of machines connected with each other by means of the internet.
The major findings of the Tata Communication Inaugural India IoT Report are:
If we let the data talk, currently, around 7.6 billion people on Earth are connected to the internet and with each other. Among the mentioned number, more than 50% are from Asia, and if we go for a little more precision, 24% of them lives in India. The IoT field is expected to grow the number of users in the near future, for that they want to ensure there is enough investment to advance its path towards socio-economic progress.
The report finds another interesting data which is, by the end of 2020, the market potential of IoT in India is expected to approach $9 billion. According to the investors, India’s large population and growing economic scenario poised large scale implementation of the IoT projects, which is also creating a path to set new standards.
The research team has come up with ways how IoT will benefit individuals of our society:
India has experienced huge growth in wearable technology with dynamic IoT applications applied in various sectors like fitness, healthcare, education, lifestyle and many more. Several Market Report shows the IoT sectors are expected to grow exponentially in the coming years. India has gone far with IoT, but people’s perception and understanding yet not reflect those.
Tanaya is a Senior Content Developer at IoT Avenue who helped to build the content of the site along with several other sites with her compassionate SEO driven content. She is also a HubSpot, certified Content Marketer. She brings her five years of experience to her current role, where she is dedicated to developing the content of different websites.
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