The world’s next big disruptor- IoT, is already taking shape. Technology giants are already working on how to tap this new innovative opportunity.
Recently, Telecom Secretary Aruna Sundararajan in a conference at the IoT India Congress 2017 said, Internet of Things (IoT), has potential to create 10-15 million jobs.
Sundararajan was quoted saying, “In Bengaluru and other places, there have been concerns about how Indian IT will cope with new challenges and new technologies. We believe, or rather it is estimated, that India can have 10-15 million new jobs created in IoT alone.”
Sundararajan also shared in the conference that IoT has an enormous potential for job creation and most of these will not be caused by large companies but by startups.
According to a study, Indian IoT landscape can be classified across three broad categories based on their use cases, which are Consumer IoT, Enterprise IoT, and Industrial IoT. While the Consumer IoT group boasts of having 47 percent of the Indian IoT Startups, Enterprise IoT at 40 percent share takes the second place, and Industrial IoT comes in at the third position with 27 percent of the IoT share. The report also shares Bengaluru has appeared as the prime destination for IoT (Internet of Things) start-ups to set up a base, as it accounts for 52% of the total IoT start-ups in India. Bengaluru is followed by Delhi NCR with 12%, Mumbai 11%, Hyderabad 4%, Chennai 2%, and others together accounting for 19%.
Sachin Khurana, Director-People Practices at Happiest Minds Technologies shares, “IoT has an enormous potential both from the technological landscape and job opportunities perspectives. There is considerable traction in the IoT space and the way it is integrating with the complete digital and customer experience offerings; the momentum is only going up. There is a skill gap, and the Indian workforce is getting ready for it, and along with companies, engineers themselves are taking responsibility of upskilling themselves.”
Happiest Minds recently acquired Cupola Technologies, an Internet of things based startup and the U.S. based digital transformation company OSSCube. Sachin further adds, “IoT as space is maturing, with huge interest coming from established IT companies, telecom, and startups in building platforms and ecosystems. But, the real game changer is not the size of the IoT team or number of platforms built, but what is the problem that it is solving, its ease of use and cost efficiency. At Happiest Minds, we have invested in creating focused Centers of Excellence (CoE) for IoT, which has a sharp focus on industrial IoT, smart homes, renewable energy, transportation, and logistics, which is committed to solving real business problems.”