India Electronics and Semiconductor Association (IESA), the premier trade body, representing the Indian Electronics System Design and Manufacturing (ESDM) with The Indus Entreprenuers (TiE) Bangalore, commenced the first edition of IoT Next 2015 in Bangalore.
This year, with the theme “Innovating Digital Economy with IoT Solutions & Services”, the platform has attempted to address the convergence of multi-disciplinary facets of the technology ecosystem with IoT- hardware, IT, Big Data, Cloud and Connectivity, enabling an agile, efficient and cost effective solutions and services with industry collaborations and partnerships.
The theme address delivered by Vikram Kirloskar, Vice Chairman, Toyota Kirloskar Motor Ltd stressed on the increasing adoption of IoT in the automotive space. He has indicated that the automotive electronics production is expected to grow at a strong average annual rate of 7.0% worldwide, and it will reach € 179 billion by 2017.
Naganand Doraswamy, TiE – Bangalore, said, “With aggressive focus by Indian Government on ‘Digital India’, ‘Smart Cities’ and ‘Make in India’ to drive the growth and development of the nation, with a rapidly maturing multi-disciplinary talent base and accelerating startup ecosystem, this growth momentum would provide an impetus for driving digital economy innovation with IoT, not just in India but all around the world. Understanding the role of start-ups, IoT Next offers a foundation to them to showcase their capabilities and get the desired recognition and attention from the world.”
IoTNext 2015 has identified and shortlisted 20 Innovative IoT start-ups in the space of intelligent healthcare, intelligent gaming, smart cities etc.
Impressed with the standards, Sharad Sharma, Co-founder, iSPIRT and Chairman, IoT Innofest – on IoT Startups, said, “The quality showcased by the Indian start-ups exhibited their success appetite and we are confident that each and every start-up participated in IoT Next 2015 have the capabilities to emerge as a tech giant in the next 5-7 years. The nation awaits another technology revolution, in the form of IoT and this time the start-ups will lead the movement with their dexterity, flexibility and hunger for success.”
This Global IoT summit has focused on tracks like ‘Industry 4.0 and #MakeinIndia’, ‘Smart Cities’, ‘Smart Agriculture and Water’, ‘Driving Innovation’ and ‘Healthcare Product Showcase’] The ‘Healthcare Product Showcase’ will showcase innovative and impactful next-age IoT enabled Healthcare products.