Analysts say that the government and industry should invest in Internet of Things (IoT) as that would give immense benefit to the Indian economy, where agriculture is the key driver of growth.
As over 70 per cent of rural households are dependent on agriculture, and most of the techniques used in farming are archaic and vulnerable to the vagaries of nature, IoT might just be the answer to this sector’s needs.
It can be deployed for soil and plant monitoring, tracking of temperature and humidity, precision agriculture and more.
Another area where LoT can help is healthcare. Imagine millions of Indians receiving consultation and treatment through smartphone and tablet “mHealth” apps, teleconferencing apps.
Global surveys have shown that transition to IoT is well underway for global manufacturers. About 10 per cent have said they already have established IoT projects, with 22 per cent either running a pilot or planning a project this year.
Today, IoT has become the single biggest business priority for one in 10 manufacturers worldwide, with 28 per cent putting it in their top three.
IoT radically trims operating costs, improves efficiency and brings new product innovations to market faster than ever.
Low-cost sensors and connectivity technologies will help analyse factory, utility and inventory for optimum use.
India’s plans to connect more than 250,000 gram panchayats to the Internet will give a boost to LoT. In the meanwhile, IT security and privacy challenges will need to be addressed.