The National Association of Software and Services Companies (Nasscom), the premier trade body and the chamber of commerce of the IT-BPM industries in India, has launched a center of excellence for the Internet of Things in Gurugram, a city located southwest of New Delhi.
Established in partnership with the state government of Haryana, the Centre of Excellence for Internet of Things (CoE-IoT) is expected to provide one of the largest innovation platforms for enabling IOT applications.
Nasscom said it will work with industries and the government towards accelerating innovation, enabling industry-oriented research, promoting the adoption of data-driven decision-making by enterprises, and enabling appropriate skills and talent development.
“The aim of Nasscom’s Centre of Excellence is to act as a perfect collaboration for innovation and high-end technologies. By bringing in the best minds from industry, academia, start-ups and the government we aim to drive a culture of collaboration and co-creation to find solutions to accelerate India’s economic development,” said Nasscom President Debjani Ghosh.
The facility is also expected to serve as a platform for intelligence-sharing and technology collaboration between stakeholders to build collective IoT capabilities.
“Nasscom and its industry members are currently engaged in defining the future of job in the digital transformation era and such an initiative from the government of Haryana is a welcome step in the right direction,” she added.
The association has more than 2,100 members, which include both Indian and multinational companies that have a presence in India.
IoT in India
A recent IDC report reveals the growing influence of the Internet of Things (IoT) across India’s digital transformation.
In the report, Ranganath Sadasiva, Director Enterprise Research, IDC India, was quoted as saying that 60 percent of Indian enterprise organizations will be leveraging IoT for competitive technology and pricing advantage.
Meanwhile, on the consumer front, the IDC Quarterly Wearables Tracker estimates that one million units of wearables were shipped to India in the second quarter of 2018.
Nasscom said in its own IoT report that increased penetration of affordable devices, combined with cloud computing, analytics, and rising consumer expectations is driving the rapid growth of the IOT market, which is poised to reach $15 billion by 2020.
Amid this growing ecosystem, the CoE-IoT aims to provide start-ups with access to state-of-the-art infrastructure by stimulating co-creation in consultation with industry experts through Nasscom programs.
Nasscom has reported a cumulative investment of around $60 million since 2014 for IoT startups, especially those that focus on lifestyle and wearables, embedded computing, industrial internet, and connected homes.
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