The future seems to have a lot in store for us.
India is one of the countries where a lot of the innovation around IoT is taking place. In 2017, Jaipur became the sixth smart cities in the world. It has over 2.5 lakh users that use over 50 free wifi hotspots in the city. It also has a smart Jaipur app, which guides its citizens about a bunch of things like available parking spaces and pollution rates in the city. The Government of India has recognized the potential of IoT and has decided to focus on the smart parking, intelligent transport system, smart grids, smart urban lighting and waste management while creating their own smart cities. This Government-assisted boost has encouraged many companies to invest in the IoT sector in India.
Bosch, for instance, has decided to invest around Rs. 1,300 crore to develop IoT in India by funding startups.
Hindustan Petroleum has installed sensors to capture information such as temperature and pressure to create real-time insights into their business.
Intel Capital is planning to invest $62 million in 16 technology startups working with IoT. They believe that India has the largest youth base in the world that deals with business and see a lot of potential in this market.
As far as health goes, Apollo hospital in India has started tracking the blood sugar of diabetes patients by using IoT enabled technology.
By 2020, it is expected that IoT would have connected around 28 billion devices to the Internet.