The Internet of Things - The Present and the Future

By CIOReview Team
ARM Holdings PLC (ARM NASDAQ: ARMH) is a British multinational semiconductor and software design company based in Cambridge with a market cap of Rs. 15224.4 crores.  Established in 1990 ,the company has its Indian offices stationed in Bangalore and Noida.
At the moment the internet connects us with information. The growth of the Internet of Things (IoT) will have the potential to connect us with almost everything on Earth. It will provide invisible links between people, animals, products, machines and infrastructure. It is something that could change society and we are already seeing evidence that this will be the case.
It is projected that in 2020 an average family of four will have 50 Internet-connected devices, up from an average of about 10 connected devices in 2012. 
Cost is an issue but the economics of scale will see rapidly decreasing hardware costs. In 2016 a GPS unit on a processor is expected to cost only half the price it costs today. This will not only bring down the cost of components but also bring down the price of the shipped product. The emergence of IoT connected devices and sensors will give rise to an entirely new breed of applications, which in turn will create an IoT-based app ecosystem. In the near future this ecosystem will enable apps to communicate with each other and create a plethora of features for users. Mobile Internet will be the base for the rapid growth of IoT, especially in developing countries where the adaptation of 3G is continuously increasing to a stage where 3G adaptation has surpassed the broadband adaptation.
IoT implementation in a house is sometimes incorrectly perceived as technology that only automates lights and music systems. To the contrary, an intelligent IoT system at home, with sensors, can identify potential problems and help resolve them before they become an issue, saving both money and time. A simple example is the use of sensors in water pipes to detect pressure and leaks in the system, allowing a resolution before the problem escalates. Another example might be security. A home motion sensor could detect a break-in attempt, send a message to the owner and the police while simultaneously triggering a camera to start recording and turn on the lights to scare the thief away. 
The key to making all of this work is interconnectivity, ensuring there are common standards so all sorts of devices are able to communicate.
Closer to home, in a city like Bangalore, the technology hub of India, it is possible that we will see the economy stimulated by the IoT technology sector, with plans adopted for Fab cluster set-ups and local manufacturing. This could potentially bring down the cost of adapting to the IoT. Recent news states that there are investment proposals in India for semiconductor and electronics manufacturing businesses, including investments in two silicon wafer foundries the country is looking to build.
This could be a key driver of IoT in India. One day it is feasible we may see an IoT-enabled city with automated multi-level parking lots, which save space, energy consumption and reduce the need for manual labour by being fully automated via the cloud. Intelligent street lights with sensors which switch on only when needed and use renewable energy could also bring down a city’s electricity bills. Sensors which can monitor water levels could help us save tons of water every year. Sensors combined with GPS and motions sensors that can reroute and manage traffic at peak hours may reduce man-hours wasted in road congestion.  These are utopian ideas but as technology advances and our cities grown and modernise the chance of possibility turning into reality becomes increasingly likely.
The estimated production in India is expected to reach $104 billion by the year 2020 with current conditions. However, the government recently approved the National Policy on Electronics (NPE) which involves an investment of about $100 billion and will provide employment to around 28 million people by 2020. Under the NPE, the government seeks a turnover of $400 billion by 2020, which includes $55 billion from chip design and embedded software industry and $80 billion from exports in the sector. The Policy proposes setting up of over 200 electronic manufacturing clusters.
The ESDM industry in India is expected to grow at a CAGR of 9.9 per cent to reach $94.2 billion by 2015. This is more than twice the growth rate of the global ESDM market and presents immense potential for the domestic market. Currently, 65 percent of demand for electronic products is met by imports in the country, and the balance which is produced in India is mainly "Low Value Added Manufacturing".
In the area of research and development, the IoT can help us to improve the way systems work by analyzing real-time data we are generating and using it cleverly. This will be across all sorts of sectors; health and well-being, energy, water and food production. We will be able to use the data to identify trends and model future scenarios, allowing us to mitigate problems and to find new opportunities. The Internet has changed us but I think the Internet of Things has the potential to have an even more profound effect.
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