IoT enables the connection of various gadgets and devices via a single, remotely accessible network. It has the ability to replace thousands of mid-tier jobs and thereby increasing productivity and slash costs.
Discussing the potential of this technology, we spoke to Sauvik Banerjje, who is currently the Chief of Technology and Architecture for Omni Channel commerce, IoT and Artifical intelligence with other next generation innovations at SAP.
Sauvik’s clear focus at SAP is to grow the innovation vertical with the best usage, and value contribution for SAP’s technology platform adhering to the board’s digital business framework vision.
Where does India stand in terms of adoption of this technology?
IoT is emerging at a much accelerated mode, with a lot of velocity in the emerging economy.
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The reason of such accelerated growth in these three economies, especially in India, is because when you have a hardware-software move into an object driven by internet, there is a smoother transition versus a technology and engineering perspective.
Who are the immediate adopters of this technology?
When we have warehouses driving enterprise stores, dealer distributor models and kirana stores one will come across a lot of delivery fulfilment logistics taken care by the brands directly or via PLs. Hence, warehouse and shipment providers are using IoT companies to track, tag and chase real-time using the GSM technology of airwaves.
The second domain where I see adoption of this technology is healthcare technology. A large number of the premier hospitals are now using IoT to digitize connected thermometers and device-based patient registers.
What should start-ups, prying this space, really keep in mind?
Startups are working on asset tracking, wearables, digital signage and traffic monitoring, which are fundamentally app-based models, while opting trying to procure Chinese sensors and fundamentally tag assets like parking, road tolls, smart buildings, wearable and other things.
For every physical object which could broadcast data in an electronic format where a physical internet cable can be plugged in and that can broadcast data and can be received on the other end by an app, is the three-problem strategy
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