Feature

Technology Trends and Market Growth Predictions for 2017

Key Trends for 2017:

Continued momentum toward the public cloud
Accelerated adoption of software as a service (SaaS)
Rise of technologies like software-defined storage
Information governance as a competitive advantage

IoT (11)

Internet of Things has been radically transforming how business is done. As the technology evolves, adoption has skyrocketed among enterprises. IoT has revolutionized and redefined processes across Industry verticals. New technological disruption, Blockchain has achieved high levels of maturity and is being adopted not just by banks; but retailers, oil and gas companies, and telecoms to support their digital transactions. With IoT, It is possible to automate the just-in-time supply chain management process, traffic management systems etc. for faster delivery.
2016 can be adjudged as a phenomenal year for IoT from an awareness perspective. The year saw IoT entrench itself in verticals such as health-care and heavy equipment industry. The top 3 potential economic impacts of IoT applications have been in manufacturing, healthcare & productivity verticals. IoT is expected to make inroads into newer verticals in 2017. There is an expected push from the domestic startup landscape, with a number of IoT projects moving from labs to field. Increasing IoT deployment and its convergence with big data will lead to enterprises placing more emphasis on streamlined data onboarding and analysis.
IDC predicts 22 billion connected devices to be installed by 2018. With 2017, connected machines and devices will define the way we live, produce goods and consume services. IoT in manufacturing is expected to revolutionize the segment through breakthrough technologies like 3D printing, intelligent robots and precision engineering. A number of organizations are expected to commence enterprise wide adoption requiring an increased focus on operationalizing IoT. This is expected to bring down production costs and enable personalizing of manufactured goods. Precision agriculture is already in full force, optimizing yield across the country.
Innovations triggered by IoT and Industrial IoT waves are introducing disruptive concepts such as Smart Vehicles, Smart factories, Smart Lighting, Smart Education and healthcare. The IT industry expects this to be further complemented by the machine learning capabilities brought about by Big Data, eventually incorporating an automated ecosystem and doing away with vulnerabilities to enterprises, machines and employees. Smart Manufacturing including Industries 4.0 will bring together modern technologies such as cyber physical, collaborative robotics, augmented reality, and cloud computing & engineering analytics.
Top Trends for 2017

  1. Collaborative Robotics
  2. Artificial Intelligence
  3. Augmented Reality
  4. Block chain & Cryptocurrency
  5. Cloud Computing
  6. Engineering Analytics

“IoT requires data scientists & researchers with deep domain expertise and most projects are in POC stage. In 2017, we will have the recipe for IoT projects, like train-as-a-service or industry 4.0.”

Hu Yoshida
Global CTO
Hitachi Data Systems

 

“Smart Manufacturing including Industries 4.0 will bring together modern technologies such as cyber physical, collaborative robotics, augmented reality, cloud computing, & engineering analytics.”

Dr. Keshab Panda
CEO & MD
L&T Technology Services

 

“IoT in Manufacturing will bring down production costs enabling personalized manufacturing. Precision agriculture and smart cities will be the order of the day.”

Srikanth Gopalakrishnan
VP, IoT Digital Enterprise Assets
SAP Labs India

 

 

“Increasing IoT deployment and convergence with big data will lead to enterprises placing more emphasis on streamlined data onboarding and analysis.”

Dr. Rishi Mohan Bhatnagar
President
Aeris India

 

 

“We will see major potential impacts of IoT applications in manufacturing, healthcare & productivity verticals.”

Vinod Subramanyam
AVP & Head – Digital Experiences
Brillio

 

 

“Businesses all across will start scratching the tip of the IOT landscape. Successful IoT-driven businesses will require thorough software testing as a strategic enabler.”

Srikanth Chakkilam
Executive Director
Cigniti Technologies

 

 

“IOT will bring together connectivity, cloud, analytics, AI, platforms; low powered (mass market) computing devices and much more.”

Anupam Wahi
Head of Communication Engineering
Incedo

 

 

“Access to incubation facilities, connection with Venture Capitalists and properly planned go-to-market strategy for IoT start-ups & entrepreneurs will help the industry rolling forward.”

K Krishna Moorthy
Chairman
IESA

 

 

“IOT will exist almost everywhere from our homes to our factories in analyzing bottlenecks and production problems.”

Ankur Gupta
Director & Head
Product Development
Ziox Mobiles

 

“Robotics, AI and Cryptocurrency will play a major role as we observe increased diversification into other businesses. Customer Centricity will be the foundation that every business would cater to.”

Rudraksh Bhawalkar
Practice Manager
Analytics, Africa Region
Wipro Limited

 

As more people migrate into cities, IoT tools like “DHI – Digital House Identification” will integrate various government services into one holistic ecosystem.

Yash R. Sanghavi
COO
Responscity Systems

“Organizations are moving from ‘POC’ to ‘Productization’. As things pick up steam, many would soon initiate enterprise wide rollouts, requiring increased focus on operationalizing IoT.”

Sandeep Agarwal
Sr. VP and Head Engineering R&D Services
Happiest Minds

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