How the Internet of Things Will Impact Governance and Business
V C Gopalratnam, President, IT and CIO - APJ&C, Chief of Strategy, Planning & Operations, Cisco
The article was published in the Economic Times: Corporate Dossier
The industry is experiencing a tectonic shift and getting increasingly competitive and complex. All of this is a result of the changes in consumer demographics and behaviour, leading to a change in the way services are consumed. Meanwhile concepts like the Internet of Everything (IoE) which Cisco defines as the convergence of people, process, data and things, are bringing about unprecedented disruption.
IoE, also known as the digital revolution, is expected to generate new business models & jobs, and become the biggest opportunity of mankind in the next 30 to 40 years. The Internet of Things (IoT), a subset of IoE, contains embedded technologies that interact with internal states or the externa environment, through which objects can sense and communicate. This is changing how and where decisions are made and by whom.
IoT: What it means in India
With the advent of IoT, the need to share data between applications, sensors, infrastructure and people becomes imperative. The proliferation of things - systems, machines, equipment and devices - connected to the internet, will need greater data management.
According to the IoT Policy document issued by Department of Electronics and Information (DeitY), the "industry" is a key stakeholder and industry collaboration is essential for driving innovation and building well designed, cost effective and scalable solutions for managing the data deluge
As IoT gains momentum, it will impact a number of industry sectors including healthcare, agriculture, education, infrastructure, public services, utilities, manufacturing and more. Some of the areas where we can see results are:
Smart Cities: These wil leverage a range of "smart" services to improve the standard of living of citizens like intelligent traffic and parking management, automated building resource management, public safety and surveillance, and Wi-Fi services.
Smart Environment: Where programmes like solid waste management using sensor intelligence and location tracking, smart energy and water management, actionable monitoring of water and air quality and industry waste and pollution will help create a cleaner, greener environment.
Smart Health: Health services delivered to remote populations via a network that supports voice, video and intelligent medical devices will enable actionable monitoring of patient vitals in various settings (hospitals, dementia centres, old-age homes), and provide specialist consultations to hospitals and health centres that lack local medical talent.
Smart Agriculture: Precision farming based on data (temperature, moisture, pests) from field sensors can be used to maximize crop production. Storage facilities can also be controlled for these parameters to minimize spoilage. Real time agricultural and weather updates to mobile devices will keep farmers informed of critical and actionable information.
Smart Production and Logistics: Continuous monitoring of plant and industrial operations, automated analysis and control automation over a secure network will allow manufacturing units to stay lean and profitable by using data driven decisions to adjust to evolving market demand.