NEW DELHI: Internet of Things (IoT) applications are set to be a critical part of the next level of growth for the IT industry, experts told Indian IT firms on Wednesday at a National Association of Software and Services Companies (NASSCOM) event.
“In India, while the industry is at a nascent stage industrial applications of IoT primarily in manufacturing, automotive and transportation & logistics are expected to drive IoT revenues by 2020,” said R Chandrasekhar, President, NASSCOM. Experts analysed the role that IoT will play in creating digital utilities, especially in the areas of design and engineering, that will drive the growth of future technologies in the country.
“IoT as a concept has seen vested interests from across industries globally and is set to become a major differentiator in driving the next generation of services and products,” said Chandrasekhar. Focusing on the rise and evolution of IoT across industries in India, the Eighth edition of NASSCOM Design and Engineering Summit focused on the theme of,’Imagineering for the Digital Future’.
A report on ‘IoT – Revolution in the Making’ developed jointly by both NASSCOM and Deloitte was also launched at the event. “IoT has started being incorporated into both consumer and industrial applications being utilized in critical verticals like Healthcare, Automotive and Manufacturing… and is set to be a critical part of the next level of growth for the IT industry.”said Kevin Ashton, Inventor of the Internet of Things and Author.
