The internet of things (IoT) seems to be gaining huge popularity in India. From insurance companies looking out to offer better premiums to the transportation based companies to various state governments looking to control the theft of iron ores from the mines, the internet of things seems to be increasing its ground in the country day by day.
The Government of India came out with its very first Internet of things policy document in the earlier part of this year. According to the document, the government plans on creating a $15 billion internet of things market in the country by next five years (2020). The initial steps towards the fulfillment of this plan have already been taken both in the private and public sector.
The term ‘internet of things’ (IoT) is basically used to describe a world in which sensors are put on machines and then the resulting data from these sensors is used to track and improve their performance.
The objectives of the draft IoT policy document by the Department of Electronics and Information are as follows:
1) To create an IoT industry in India of USD 15 billion by 2020. It has been assumed that India would have a share of 5-6% of global IoT industry.
2) To undertake capacity development (Human and Technology) for IoT specific skill sets for domestic and international markets.
3) To undertake Research and development for all the assisting technologies.
4) To develop IoT products specific to Indian needs in all possible domains.
Tata Motors, which is the largest manufacturer of commercial vehicles in India, has already started putting sensors into its trucks. The company has also come up with a service model which will help owners having large fleet of trucks get a better insight into the functioning and usage of their vehicles and even predict any potential breakdown. Tata has a large and efficient analytics team that will crunch the data from the vehicles and then present it to its customers.
“You can monitor driver behavior or fuel theft- so while the fuel level is constantly being monitored, any sudden move up or down is tracked. Sudden breaking can also be detected, so you can build algorithms inside the black box in the vehicle or you can build that as part of your system, which makes sense of this data”, said Jagdish Belwal, chief information officer, Tata Motors in a statement to the Economic Times.
Advertisements