Tech media has covered and re-covered the Internet of Things (IoT) advances happening in the consumer electronics segments so extensively that it is no longernews. However, there is another more lucrative segment where IoT is making quite a splash.
Follow EFY’s Abhishek Mutha, as he speaks with S. Natarajan, Senior Program Manager – India Strategy & Planning, Intel India, to see what’s happening with IoT and the industrial segment.
Q. What are some interesting real world examples of Internet of Things in industrial settings?
A. Smart Home is really coming up in a big way. Here, we are talking about multiple functionalities at home like ability to manage gadgets like refrigerator, air conditioner, washing machine, etc. It could also be the entertainment devices such as a television or music system. Also, the ability to manage your energy consumption giving information on the device consuming the most energy for instance would be another instance. Many of the residential complexes are installed with cameras to monitor certain areas remotely. This is another upcoming usage model where there is a lot of scope. The volumes of such products are low but it has a good scope to become standard.
Q. What kind of businesses, you think, will expand and, what kind of businesses will disappear with the advent of IoT?
A. The current trend is of smart devices. Considering the consumer side, the simple devices without intelligence will see a downfall. The trend of smartphones, as we already see, is booming when compared to feature phones. In terms of the non-consumer industry, the solutions available today will undergo an evolution because higher the availability of connectivity options, the solution will have to keep that particular trend in mind and evolve. Today, if there is a technology company defining a solution where they are not keeping up with the trend of the IoT concept, their solutions would not be relevant and therefore they would disappear. Hence, most of the solutions in these verticals will have to absorb the concept of IoT and then evolve in terms of features.