IoT is on a roll everywhere, and India is no exception. IoT adoption in India has increased from 12% in 2013 to 29% in 2017. The number of IoT connected devices has touched 50,000, which is double the 2016 levels. IoT development shows no signs of abating either, with the total IoT market in India poised to reach USD 9 billion by 2020.
More-and-more enterprises now seek to embed IoT within their business processes, rather than treat it as a distinct add-on functionality. About 46% of IoT adopters in India have already integrated various IoT-based technology to their core systems, such as Enterprise Resource Planning (ERP). About 49% of IoT adopters power up their analytics through IoT, to improve business decision-making. IoT outsourcing has also caught on big time.
IoT in Action in India
The spread of IoT cuts across sectors.
About one in every five manufacturing companies in India use IoT based applications to increase production and/or reduce costs. IoT enables process automation, actualize quality control, facilitate real-time tracking of inventory and raw materials, aids pollution control, and more. For instance, TVS Motors applies IoT to achieve process automation, enforce traceability in shop floor, pollution, optimize power consumption, and measure water flow. Hindustan Petroleum captures information from field based sensors to capture temperature, pressure, and other site information, to improve process efficiency and safety.
Various stakeholders of automobile industries use IoT to install stolen vehicle tracking (SVT) and intelligent emergency calling (eCall) capabilities in vehicles, and actualize usage-based insurance (UBI). Volkswagen’s IoT powered SAP system keeps track of the supply pipeline. Hero MotoCorp uses IoT to keeps tabs on vehicles available in different locations, to optimize sales and marketing efforts.
Healthcare has embraced IoT in a big way. Several IoT applications enhance in-patient care, post-discharge care, outpatient care, and also preventive healthcare. SUGAR, the diabetes management initiative of Apollo Hospitals, leverages IoT enabled technology, to monitor specific blood sugar levels on a constant basis.
The telecommunication is another big adopter of IoT. Bharti Infratel uses IoT to manage and monitor in real time fuel management, energy distribution, site surveillance of towers, and more.
The government is also now a big player, thanks to the initiative to build smart cities across the country. Such smart cities would co-opt futuristic trends such as intelligent transportation system, smart grids, digital signages, digitally optimized waste management system, intelligent water management capabilities, and more.
Why Adopt IoT?
IoT gains widespread popularity on account of the real and tangible benefits on offer. IoT has increased revenue, or opened up new revenue streams for more than 51% of IoT adopters. Companies invested in IoT have already received 19% returns on their IoT investment, per year, on average. There is also a positive correlation between the scale of adoption and return on investment (ROI), which greater adoption leading to better returns.
Overall, IoT adopters improve efficiency, reduce risks, cut costs, and increase market share or revenue. Vodafone’s Fifth Annual IoT Barometer Report reveals 81% of Indian enterprises holding IoT as the key to digital transformation.
Challenges and Solutions
The benefits and potential notwithstanding, the IoT marketplace is complex, with multiple vendors and multiple platforms offering piece-meal solutions. Worse, even when enterprises conjure up a configurable stack, it is rarely scalable.
In such a state of affairs, “SuperIoT,” Vodafone’s new IoT platform is noteworthy. It offers an end-to-end solution, bringing together all aspects of IoT. This industry-first solution enables end-to-end management of device and applications, offering connectivity, service, support, and security. Embracing SuperIoT promises a host of benefits such as rapid application development, seamless device management, and embedded analytics. The platform also offers a host of IoT solutions such as vehicle and asset tracking, tracking school students and employees, and more.
Such secure end-to-end, secure solutions spare enterprises from the complexities and hassles IoT deployment. Free of the complexities of infrastructure or managing multiple suppliers and providers, enterprises could focus their energies on innovation and business outcomes, with faster-time-to-market and unprecedented value.
Multiple vendors launch several other solutions, to further the cause of IoT in India. Two new offerings, which stand out are IBM’s “Bluemix” and MediaTek’s “LinkIT ONE.” Bluemix, a cloud-based platform, offers a viable application infrastructure and databases for connected devices. LinkIT ONE is a development platform to design and prototype IoT devices and wearables.
There is a consensus the Internet of Things (IoT) is the next big thing in computing, and that IoT would disrupt on a large-scale. However, the application of IoT requires specialized skills and expertise, rarely available in-house. IoT adopters actively seek IoT development companies as partners to fill skill gaps. About 75% of them use partners on an extensive scale to deliver or manage IoT projects.
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