A report by Deloitte revealed that IoT adoption in India is still in niche stage Tech challenges like connectivity, compatibility, interoperability and cybersecurity are holding back IoT adoption. A lot of firms, worrying about RoI, do not invest in this crucial tech of Industry 4.0. However, Deloitte suggests firms to invest in such techs during the time of downturns (like this one) as it helps in leapfrogging competition after the recession subsides.
Smarterhomes’ IoT water meter called ‘WaterOn’ measures water consumption in real-time. Thus, in large apartments, each flat can know their water consumption, paying accordingly. It detects leakages and enables the user to remotely control it. It uses positive displacement tech and is very accurate. The meter’s data is transmitted to analytical, billing engine. Users can access it via internet-connected smartphones. Anomalies in consumption can also be detected.
FT’s Digital Blanket Enterprise IoT, Smart Building OS platform ensure indoor social distancing, contact tracing, safe seating, improve productivity etc. It provides Space Management, Energy Management, Visitor Management etc. The mobile app can control meeting room HVAC, lighting. IoT, Sensor tech is used for cafeteria ordering, occupancy control, meeting room occupancy count etc. They are working on using ML, AI to predict energy usage, HVAC fault detection, etc.
Tata Communications is witnessing an exponential rise in demand for IoT workplace solutions from the manufacturing sector. The company expects that the service sector will soon follow the trend. There is also a demand for enabling IoT for facility and vehicle tracking for monitoring and control. Demand for IoT solutions, before COVID-19 outbreak, was 100 to 200 devices from an organisation, but now it’s going beyond thousands of devices.
1. Smartphones-controlled contactless access solutions will be highly used, mainly in hospitals to ensure patients’ safety. 2. Demand for a contactless elevator will be very high. 3. IoT-based BLE tech will be used in occupancy management, contract tracing, location tracking etc. 4. BLE-mesh for smart building solutions. 5. LoRa, NB-IoT for smart city infra – smart dustbins, metering etc.
6. NFC – cashless payment without internet.
1. Regulating life by govt’s distance monitorisation using IoT-based mobile workforce.2. Ensuring stock availability by investing in e-com and IoT apps. 3. Blockchain-based apps for online education, conducting tests, providing digital certification. 4. Using AI, smartphones to maintain compliance with social distancing 5. Bringing back the economy on track. 6. Improving WFH system using platforms like TrackOlap to assign tasks, attendance, virtual meetings.
1. Exoskeletons – robotic suits to ease laborious tasks will become the manufacturing industries’ norm. 2. Intelligent prosthetic limbs (neural networks) will allow robotic operations using human intuitions. 3. Labs will be capable of developing working human organs. 4. Companies like Facebook and Elon Musk’s Neuralink are working to develop brain-controlled devices. 5. Technology causes data intrusion which can pose immense cyber threats.
Indian organisations filed around 6,000 IoT patents during 2009-2019, of which over 5,000 were filed in the last five years, said NASSCOM. The IT industry body said that 40% of the patents filed have been granted. Over 80% of the patient were related to Industry 4.0 apps, lead by healthcare and automobile industry. MNC filed 70% of the patents, while start-ups filed 7%. Besides, 95% of these patients were hardware components having some connectivity.
1) Before investing in IoT, take a step back and revisit your business strategy. Find out what you are trying to achieve and evaluate how IoT could help you to. 2) A product company shall think of making an intelligent product using IoT, while a service-based company can use it to deliver more intelligent service. 3) Think about the data involved i.e storing data, analysing data, sharing data with those who need it, securing data.