The 2nd Edition of IoTNext Summit Highlights The Changing Landscape of IoT In India

Must Read

Not too long ago when Internet-of-Things (IoT) started creating abuzz in the market, little did we know how promising the solutions would be and how exactly the Indian consumers would be responding to IoT enabled products/solutions. Fast forward 2017, It’s clear that IoT is the future of economic development in the country. Consequently, The IoT market in India is estimated worth $9 billion by 2020.

To push the envelope further, prominent bodies, both government and private, have come together. Indian Electronics and Semiconductor Association (IESA) and The Industry Entrepreneurs (TiE), Bangalore has successfully conducted the second edition of IoTNext 2017 summit. An ongoing two-day summit is focused on Security in IoT space to win the confidence of consumers on the large scale.

Targeting 1,000 participants this year, IoTNext 2017 is focused on fostering startup ecosystem in IoT space. Startups which are especially operating in IoT space would are believed to be benefited from the gathering of the thought leaders, including Ravi Gururaj, President – TiE, Akhilur Rahman, CTO – ABB India, Dileep Mangsuli, CTO – GE Healthcare, who are instrumental in shaping various successful IoT companies in India and abroad.

Advertisements

Besides all the actions by participating startups and thought leaders, the new startup IoT directory is launched with IoT Forums. The 2nd edition of IoT directory contains the details of 900 startups operating in the field of IoT across the country. Last year, the directory was containing the details of 500 IoT startups.

“IESA Innovation Initiative – leveraging Industry CSR and Best-in-class models from the world – is looking at direct industry intervention at academia-incubator-startup level to enable the Indian IoT hardware ecosystem. We would like to take this to at least another 100 percent growth that it is currently witnessing,” says Ashwini K Aggarwal, Chairman, IESA

The discussions at the summit will revolve around Connected Life and Artificial Intelligence & Analytics. 

During the summit, IESA emphasised its commitment to strengthen the manufacturing capabilities of semiconductors and electronics in India itself. Mr. Aggarwal informed the media that the association has already submitted a memorandum to expand the manufacturing capabilities at Chandigarh based fab-facility to the government.

Mr. Agaarwal, however, accepted that local manufacturing is the top priority for the government and the IESA in order to push the IoT envelope further. To ease out the procurement process of hardware the IESA is continuously engaging various bodies of investment firms and forums.

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Advertisements

Latest News

TikTok Oracle Deal: Confusion, Contradictions and Quest for Control

Another day Another verbal volley. TikTok Oracle deal saga continues. The tug-of-war with the...

5 Common IT Infrastructure Management Issues You Must Resolve Today!

Your IT infrastructure supports your entire operation, but there are many struggles departments have difficulty identifying and overcoming. One of the biggest...

TikTok Oracle Deal: No Technology Transfer, No Ownership, Rest All Is Fine

The brouhaha around TikTok and the US administration simply refuses to subside. In the ensuing see-saw of developments, ByteDance...

Tesla in Making Moves To Have Presence In India: Scope Of Electric Vehicles In The Country

The wait for seeing Tesla in India may get over soon. Indian citizens can now brace themselves for soon being able to...

Android Users Beware: Your 2FA Code Can Be Stolen By Hackers Now

If you are someone who makes use of two-factor authentication, aka 2FA, to add that extra layer of security on logins and...

Ajit Doval Bears Down On Digital Payment Platforms in India

The grass really isn’t always greener on the other side. With the hoopla and convenience that Digital Payment platforms in India have...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

More Articles Like This