Will smart devices order their own replacement?

There is a huge gap between operational technology and information technology, and IoT is trying to reduce that gap. In the beginning, there will be some initial hurdles that we will need to overcome, but later we are going to experience the new era of Industrialization, and for a market link India IoT is an unmissable growth opportunity

Tracking warranties with IoT:

The idea is brilliant but sounds a bit far-fetched. Once implemented it can reduce all that efforts to track product warranty. The customer gets automatically scheduled notifications thus increasing brand loyalty and active customer engagement. Smart devices will be sending back their health data and will be able to predict when they need replacement, and will order their own replacement.

Smart Manufacturing and India Advantage:

Highly skilled young professionals can be trained on new technologies. Any green field new manufacturing plant in India can take advantage of IoT use in the plant and evolve in this digital business model of digital industrialization.

Bosch India is implementing industry 4.0 projects in all plants. Adaptation to latest IoT technology and upgrading our existing machinery is a continuous process for us striving to achieve the best results in the world. We want to set an example of the best IoT infrastructure in the country and continue to churn out leading quality products.

Already In: Telematics with remote monitoring:

JCB Live Links

LiveLink collects important information about your machines such as its health, location, and numerous other vital data through built-in sensors. This data is then transmitted to a secure server and from there it is sent out to you. You can then use this data to make critical decisions about your business or the machine

Vodafone claims to maintain over 10 billion SIMs and plans to expand to the healthcare and automobile segments, and currently helping JCB’s customers to manage idle time, fuel usage and identify small problems leading to unscheduled downtime of their construction equipment

IT firms going IoT way:

IoT is a huge market for the manufacturers but also a big IT service market for Indian IT service providers. HCL, IBM, Tech Mahindra, TCS, and Accenture; all have started creating intellectual properties (IPs). There have been a lot of partnerships happening in last few months

IoT Academic Institutions

Intel is going to setup 100 Internet of Things (IoT) centers as academic institutions across India. These centers will help students, trainers and do-it-yourself geeks. There will be Ph.D. fellowship also.

Kumud Srinivasan, President, Intel India; say:

“Innovation is in Intel’s DNA. For over 15 years, Intel has been building an ecosystem in India, which enables innovation, research and skill development. Intel’s India Academic Forum is a platform for fostering insights on technology trends and for triggering collaboration opportunities between academia, government and industry, thereby enabling impactful innovation and research,”

IoT and New Partnerships

After predicting the next wave of industrial innovation Infosys is developing solutions for IoT in collaboration with GE (General Electric). This will help traditional companies break the barriers of technology silos, and will be a good opportunity to connect their current analog world with the new revolutionary digital world

Talking about the partnership, Vishal Sikka, Chief Executive Officer, Infosys, said

"The value comes from bringing intelligence directly to the end-points, and in doing this we can completely reimagine the notion of industrial manufacturing, and every industry, and we look forward to doing much more in our work with GE in these areas."

IoT and the most impacted vertical market

Each of the following markets is seeing significant investment and movement in realm of IoT

• Automotive & Transportation
• Asset Management & Logistics
• Consumer Electronics & Home Automation
• Energy & Utilities
• Healthcare
• Intelligent Buildings & Infrastructure
• Public Safety, Security & Surveillance
• Retail & Vending

Other Key Research Findings:

• SNS Research estimates that global spending on M2M and IoT technologies will reach nearly $250 Billion by 2020, driven by a host of vertical market applications including but not limited to connected car services, remote asset tracking, healthcare monitoring, smart metering, digital signage, home automation and intelligent buildings
• The installed base of M2M connections will grow at a CAGR of nearly 30% between 2015 and 2020, eventually accounting for over 10 Billion connections worldwide
• SNS Research estimates that multimedia and video applications will account for more than 20% of the revenue generated by M2M and IoT services by 2020, amid growing incorporation of LTE in M2M modules and gateways

The future X network explains that the evolutions that we are going through is defining a new phase of human existence, shaped by digitization, and connecting everything with and everyone, hence creating automation layer around our life. Eventually, that will expedite and optimizes decision-making and everyday routines and processes.