Internet of Things (IoT) is the next big thing that is expected to completely change the way humans live, just the way internet did a few decades back. Gartner predicts that there will be about 8.4 billion connected devices by the end of this year, a figure which is up by a whopping 31% in 2016. In fact, according to a recent report by F5 Networks, this figure will rise to reach 20.4 billion by 2020.
So, it comes as no surprise that if the technology grows and its users swells in number, so will the jobs in the field. In a recent interview with ETTelecom, Rishi Mohan Bhatnagar, President, Aeris Communications highlighted that IoT is expected to generate huge amount of jobs in India with about 60-65% startups in India currently working on the technology.
He further added, “There’s a different kind of skill-set required which will generate huge amount of jobs. On one side IoT will reduce certain jobs but it will increase so many other jobs which are required for future.”
A while back, India’s telecom secretary Aruna Sundararajan also voiced similar opinion and stated that new technologies such as IoT have the latent potential of giving birth to 10–15 million jobs in the country even though currently the IT services sector is finding it hard to open any new job avenues for the Indian workforce.
Speaking at the recently held IoT India Congress 2017, Sundararajan took the podium and said, “In other places including Bengaluru, there have been worries about how IT sector in India will deal with new technologies and new challenges. We think, or rather it is guessed, that India can receive 10–15 Million new jobs made in IoT alone.”
Talking about IoT and Trends, Aeris’ Bhatnagar in his interview shared that IoT trends are currently on the improvement side and the current major investor and user of this technology is the central government. He believes, if the government gets behind the technology, the trends can witness a much faster adoption.
For the uninitiated, Aeris is an IoT solutions provider with a complete technology stack—from an online management portal to an application enablement platform. They expertise with the technology and services needs of IoT / M2M helps improve business dramatically by reducing costs, improving operational efficiency, reducing time-to-market, and enabling new revenue streams.
In his interview, Bhatnagar also talked about the need for IoT policy in the country. He shared that once the IoT technology gets matured, then there will be a need to regulate and see what is not required to be done and what is required to be done. He believes that the government should provide a policy which will help in accelerating the growth of that particular technology.
Industry players wants a policy that can make adoption of IoT much faster. Not only this, they also want the policy makers to work on reducing the licensing fee for M2M kind of services which can act as an encouragement for the industry, and if not, then it might be a hindrance.
Worldwide IoT market spend is expected to grow to USD 1.29 trillion in 2020, says an IDC-Aeris report. A key factor driving its adoption is the increasing realisation of the value that IoT brings along improving customer experience.
In addition, most businesses today are either at a starting point in their IoT journey or are at some stage considering an IoT deployment which in turn will lead to significant uptrend in the adoption of IoT.
While IoT is slowly coming out of its cocoon, the one thing that has got everyone worried are the recent cases that have emerged regarding IoT devices security and privacy. For example, last year, Mirai, the malware, had single-handedly caused one of the worst distributed denial of service (DDoS) cyberattacks that the world had experienced in the last few years, and had managed to spread and infect internet-connected devices in over 177 countries all around the world.
According to a report by American firm F5 Networks, while Spain comes at the top with 25.5 million attacks, the Indian subcontinent occupies the second position globally in the top 20 IoT attacks source countries of 2017.
[Image: IoT India Congress]