Industry-wide collaboration will be the driving force behind a global adoption of the Internet of Things (IoT), according to IoT organisations and stakeholders who gathered in Bengaluru, India at the third oneM2M Industry Day, which was hosted by Telecommunications Standards Development Society India (TSDSI) in September.
The conference engaged global and Indian organisations in discussions about how a standards-based approach is crucial for interoperability and how such an approach will help to accelerate IoT deployments in India and worldwide. Region-specific hurdles such as modest power availability, diverse digital traffic distribution and ways to overcome them were also highlighted.
“The Indian IoT market is a vibrant one because it has all the ingredients for success, from use cases all the way to policy and government vision,” said Dr. Omar Elloumi, of Nokia, chairman of oneM2M’s Technical Plenary. “The combined talents and passion of start-ups, larger companies, related industries and research centres make a strong case for a mutually beneficial approach to data economy, where the role of a federating standard such as oneM2M is essential. By sharing initiatives at the Industry Day, we can jointly overcome remaining market inhibitors and pave the way for growth, be it for domestic or international IoT markets.”
India’s IoT market is predicted to grow from $1.3 billion (€1.10 billion) in 2016 to $9 billion (€7.61 billion) in 2020, according to Deloitte. According to TSDSI’s director general, Ms. Pamela Kumar, IoT and M2M technologies are key enablers for the national priority missions ‘Digital India’, ‘Smart Cities’, and ‘Smart Villages.’
“Adoption of a standards-driven approach is essential for economies of scale, interoperability and inclusive innovation,”Kumar added.
Participants deliberated on key deployment aspects, including value proposition, device lifecycle management, security privacy, and safety, and testing and certification, among other considerations which are essential for nation-wide deployments.
oneM2M experts from Nokia, Huawei, Qualcomm, British Telecom, iconectiv, InterDigital, Gemalto, ETSI, and CDOT exchanged information and ideas with Indian IoT experts from the industrial sector, government bodies, Research and Development and Academia. The event was sponsored by India – EU Delegation.