How is IoT poised to transform the way people work, play, and interact with products and services?
We live in a connected world today. This has been made possible by the proliferation of IoT. According to a NASSCOM report, the number of IoT devices in India is expected to increase significantly from roughly 200 million units in 2016 to 2.7 billion units by 2020. India is well poised to be a leader in this space.
IoT is disrupting multiple sectors in the way people interact with products and deliver services. Some new business models emerge, like 100% uptime product warrantees or consumption based pricing. For instance, in a workplace, it helps streamline business processes and manage the facility utilization more effectively. Utilization based rental for services will emerge. Healthcare sector is awaiting a complete transformation. Patient care delivery model will undergo substantial change. Staff safety, guest management, disaster recovery services will be revolutionized. Connected equipments will not only monitor equipment health but also help track patient status. All in all IoT enabled services offer hospitals greater amount of data to analyze future insights and remote diagnosis.
Similarly manufacturing, logistics and many more sectors are deriving advantages that enable business become more productive and cost efficient.
What are the challenges to deploy IoT in the security ecosystem?
While the advantages of IoT implementation are many, the security ecosystem presents its own set of challenges that must be overcome. An IHS market survey estimates that IoT devices will increase from 80 billion currently to reach 125 billion by 2030, making the focus on these challenges an important element of IoT implementation.
It begins with defining the correct problem statement as that has direct bearing on the success of the implementation. As the number of connected devices expands, opportunities arise to exploit security vulnerabilities. Poor device design represents one of the vulnerabilities that the industry must contend with. Such flaws expose user data to theft by leaving data streams inadequately protected and in some cases people’s health and safety (implanted, Internet-enabled medical devices and hackable cars) can be put at risk.
The homogeneity of IoT devices presents another problem to the industry. Many IoT deployments consist of collections of identical or near identical devices. This magnifies the potential impact of any single security vulnerability by the sheer number of devices that all have the same characteristics. Other challenges include data encryption, data authentication, data connectivity, hardware compatibility Issues, hardware testing and managing updates.
What is the future of IoT in Smart City projects?
The Indian IoT market is expected to grow from $1.3 billion in 2016 to $9 billion by 2020 across industries such as telecom services, healthcare, automotive, residences, entire cities and manufacturing floors and computers, according to the IoT India Congress 2018—India’s largest Platform of Platforms for the Internet of Things. The consequence of this growth is the rise in importance of Big Data analytics and supplementary IoT services that have the potential to make futuristic projects like smart cities a reality.
IoT enables the transformation of cities through redefining both citizen services and city administration. Essential aspects will undergo a positive change such as infrastructure, transportation systems, reducing traffic congestion and waste management. The offerings provide equal advantages to both citizen by improving their quality of life as well as to city administrators by reducing operational costs. Major offerings include smart lighting, waste and water management. For instance, smart IoT modules can be deployed within grid stations, homes and work-places for distributing and consuming energy efﬁciently.
Our IoT based security solution that is successfully implemented in the smart cities projects.
IoT is driving impetus in India, and positively impacting our day to day activities such as saving electricity, predictive healthcare, city safety and more. There are many active IoT projects by Terrier in different sectors. For instance, in a city, Terrier has set up a unique GPS vehicle tracking solution that has brought down the customer’s cost by 1.17 lakh per year per vehicle. In a smart city in Gujarat we have deployed passenger information systems, smart IoT integrated security architecture. Every action is monitored through Command Center 24×7 to ensure real time monitoring.
Outside Smart city Terrier has deployed video analytics based first of its kind integrated security for a leading Solar company of India.
The path breaking one is the first digital hospital in the country which has revolutionized patient care through the help of a 24X7 command center. This incident command center is the nerve center of this 1000 bed government hospital which manages a host of patient care and hospital services.
Other live executions include Predictive Energy Optimization and management solution, deployed for a leading telecom company and leading BFSI.
Smart cities aim to integrate plethora of services leading to efficiency and sustainability which form the backbone of these cities and support future sustainably. Terrier is comfortably poised to cater to the future challenges of fast changing world where city & facilities management practices have become outdated.