India Electronics & Semiconductor Association (IESA), in association with The Indus Entrepreneurs (TiE), Bangalore, is organizing the third edition of IoT Next Themed “Beyond the Hype: Pilots to Scale”, aimed at IoT (Internet of Things) leaders, practitioners and ecosystem enablers. The Global Summit scheduled on November 8 – 9, 2017 at Park Plaza, Bangalore.
In connection with this “IoTNext” Event, we had interacted with IESA Chairman, Sri Ashwini K Aggarwal. The Conversation regarding IoT is being followed hereunder.
Ashwini K Aggarwal
Chairman, India Electronics & Semiconductor Association (IESA) 2017-18
What is IoT (Internet of Things)?
As “everything”, every “device” around us gets “intelligent” with a built in sensor/microprocessor, these “things” start networking on the internet – creating a new set of user services for the humans in the future. This ecosystem of “things with built in sensor and intelligence, internet and cloud” is called the “internet of things”. It is a network in itself, connecting anything and everything via internet. Therefore, it is imperative to have an overview of the entire ecosystem and the limitless possibilities of what can be expected in the near future. The first edition of our flagship Summit IoT Next started on the emerging possibilities of Digital Transformation with Internet of Things (IoT). In the second edition, we embarked to establish the realities on ground, pilots and go beyond just the connected devices. Furthermore, security concerns in partnership with the CISO platforms were also highlighted. This, year, we have IoT leaders, practitioners and ecosystem enablers to come together on a single platform to focus on how automation is creating waves of disruption across industries be it manufacturing, industrial, healthcare or defence.
What are the opportunities & benefits of IoT? How Society & Public will use or gain from IoT?
Digitization of the real world is proceeding at an astounding pace. IoT sensors are starting to generate this immense dataset which is the fodder for Artificial Intelligence and Machine Analytics to reach new heights. Contextual data based on ambient knowledge is transforming and optimizing all facets of life, be it self-driven car, self-optimizing supply chain or a completely automated factory. Further, with big data being the buzz word these days, especially after automation having a dominant impact on the overall economy, there is a lot of scope of developing the expectations in the IoT space. We have a detailed session dedicated specifically on IoT Artificial Intelligence & Analytics at this year’s event.
What are the biggest challenges with respect to the IoT?What is the Future of IoT?
Security is always a key area of thereat for any digital evolution. So it is for IoT, any connected IoT device, be it a gadget, building or a city exposes itself to hackers and cybersecurity threats are growing exponentially both globally and locally.
For India to benefit and be at par with the Western world, it must accept a thoughtful policy to drive IoT and AI innovation, adaptation, and proliferation in sectors outside consumer goods and information technology services.The IoT industry would cross the USD 400 billion mark and the number of connected devices is expected to be more than 30 billion by 2020, globally. Government of India The government should recognise public sector applications like spotting tax fraud, averting subsidy leakage, and targeting beneficiaries, where current advances in AI could make a substantial influence. India needs to view machine intelligence as a critical element of its state security strategy and gauge models which expresses research in collaboration with the private sector and universities
The objective is to create an IoT industry in India of USD 15 billion by 2020, which will lead to an increase in the connected devices from around 250 million+ to over 2.7 billion by 2020.
How will IoT change the way companies do business?
There is a plethora of opportunities in this space, be it organisations (small, large, new or old), industry bodies, partners, customers or even individuals. Several industries are being transformed with IoT, business models are changing from capex to opex and Product-as-a-Service (PaaS) is the new business model today rather than just an equipment sale.
What are the opportunities for Startups in IoT?
There is still a gap exisiting between industry requirements and the current academic curriculum in IoT, IT and ITeS sectors. Additionally, there is a lack of hands-on experience. A doable solution is to upskill the new hires with the required technical skills and also ensure that new hires are the right fit for the organization’s needs. To retain talent and grow them, organizations can conduct certification and training programs to equip employees with relevant skills and make sure they meet their true potential from the first day itself.
It is predicted that startups will create the maximum amount of jobs through IoT. The IoTNext Awards aims to promote and support start-ups and entrepreneurs in fabless semiconductor and electronic products in the IoT or connected devices space. Last but not the least, this year the event will also have a hackfest edition, which is a 24 hour challenge to help startups think about security proactively. Top notch white hat hackers will explore vulnerabilities in IoT products and also provide with solutions to fix the identified loopholes. IESA Innovation initiative (13 program) is now touching thousands of students for a unique hand-on teaching pedagogy for electronics. We are looking at creating an ecosystem of tinkering labs, open labs and shared manufacturing facilities to create a huge ideation energy, rapid prototyping and cost effective, capex-light go-to-market for our young talent.
Mr. Ashwini K Aggarwal
Director-Government Affairs, Applied Materials India
Chairman, India Electronics & Semiconductor Association (IESA) 2017-18
An M.Sc. in Physics and Electronics with distinction from St. Stephens College and an MBA from FMS, University of Delhi, Ashwini has rich and diverse experience in handling Enterprise and Government segment for the tech intensive ESDM sector.
At Applied Materials, Ashwini handles the government affairs which covers the public policy, programs and market development initiatives relating to hightech electronics including semiconductor electronics and solar. Ashwini is an industry veteran of 30+ year experience including, 18 years in Hewlett-Packard in several important and developmental roles. He has also worked with Omnicom Media Group, in their group company, CPM India as Vice-President, Strategic initiatives.
As Chairperson at IESA, he is handling a range of advocacy and ESDM industry development initiatives. He is the co-chair/Executive Committee member for key committees in IESA, ESSC, USIBC, CII, FICCI, ELCINA & IEEMA.
Ashwini is well known in the industry for his creative and breakthrough market development initiatives at HP & at MAIT– is a well-known industry speaker -and was the IT Channels ‘Most Favorite Marketing Manager’ for the year 2006. Ashwini has authored a book on Novell Netware & another on Rooftop Solar. He has a number of industry white papers to his credit.
His thought papers “Financial Enablers for the Solar Sector” and “Making the Indian Solar industry shine” were placed by the MNRE on the industry comments section for the 12th Plan inputs. His work on “smart manufacturing program for India” is a recipe framework for building a globally competitive, profitable Indian industry. He is currently pursuing a PhD in Management from Faculty of Management Studies & Research, Aligarh Muslim University.