Conquer IoT Complexity
Today smartphones and tablets are everywhere and social networking apps such as WhatsApp and Snapchat are booming. In the next phase, everyday objects will connect and become part of information systems and end-user applications. Our daily lives will change as machines and humans interact to make our society safer, greener and healthier. Connected wearables and telemedicine will help improve people’s health, homes will be safer and there will be fewer road fatalities.
This convergence of machine-to-machine (M2M) communications, big data analytics and the growth in connected devices is enabling a highly connected world known as the Internet of Things (IoT). The coming decades will be characterized by billions of smart devices, trillions of dollars in economic growth and cost savings and exabytes of sensor-generated data. In this environment, the IoT is emerging as an unprecedented business opportunity for many players in the telecoms, IT and consumer electronics industries.
The worldwide Internet of Things (IoT) market is expected to be a USD 328 billion market by 2020. The IoT market in India is poised to reach USD 15 billion by 2020 accounting for nearly 5 percent of the total global market. Indian government has committed over USD 1 billion investment in building 100 smart cities every year for next 5 years. With nearly 120 firms offering solutions in the IoT segment, there are tremendous opportunities for further growth. Approximately 70% of IOT start-ups have emerged since 2010. Primary factors driving Indian firms to deploy IoT are: Instant & real time decision making Rise of big data analytics Increasing smart phone and mobile internet penetration
Changing lifestyles of the consumer becoming more tech savvy
Need for maintaining a secure and safe working environment to avoid cyber threats
Cost effectiveness and high ROI One of the key initiatives of the Indian government is to build smart cities across the country. Major aspects of a smart city government is focusing on are: Smart parking Intelligent transport system Tele-care Woman Safety Smart grids Smart urban lighting Waste management Smart city maintenance Digital-signage Water Management
Strategy to create better opportunities in IoT
IoT has a transformational impact on all sectors because it is fundamentally changing products, business models, processes and customer interaction. Nokia’s 3-layer approach towards a Programmable World is helping organizations to become more efficient, agile and real-time.
Scalability, coverage, availability, latency, interoperability, and security are key requirements for IoT connectivity and some of the solutions to address this are
networks will support standard cellular protocols (EC-GSM, NB-IOT, eMTC,) as well as Wi-Fi, LoRa and MuLTEfire, while LTE enables mission critical public safety and first responder services.
mobile core which is IoT optimized to help reduce signalling traffic, optimizing resources, and reducing power consumption, enabling operators to offer SLA-based connectivity.