IoT - Beyond the obvious

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NASSCOM-PwC report titled IoT Beyond the Obvious discusses how a confluence of new-age technologies such as Augmented Reality/Virtual Reality (AR/VR), Drones, Artificial Intelligence (AI) and Machine Learning (ML) can be leveraged to create use cases that go beyond the obvious ones.

 

Key Highlights:

 

IoT Landscape

  • 30 billion connected devices by 2020 ; economic value of IoT would be ~USD 1.46 trillion
  • 73% of respondents have already deployed IoT solutions or plan to do so in near future - IoT Decision Maker Survey]

 

IoT Beyond the Obvious (BtO)

  • Economic and social value created by IoT due to emerging technologies such as AR/VR, Drones, AI and ML
  • Comparison of triggering events and associated actions for IoT vs. triggering events and associated actions for IoT BoT

 

Use Cases for IoT BtO

  • Leveraging AR to control billboard revenue leakage
  • For public infrastructure assessment
  • For combating vector-borne diseases
  • In government departments such as Tourism, Education and Logistics & Transportation

 

Way Forward

  • Threats pertaining to cyber security and lack of standardized communication protocols need to be addressed
  • IoT BtO implementation is a tightrope walk; organizations have to strike a balance between blue-sky thinking and excessive optimism

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