Internet of Things (IoT), also
called Internet of Everything is a scenario in which people are provided with
unique identifiers and the ability to transfer data over a network without
requiring human to human or human to computer interaction. Small and Medium
Sized Businesses in India today have access to new technologies, new markets,
suppliers, and customers and are constantly looking shaping industry
conditions.
Increase in competition has driven
companies to reach out for IT and the Internet as a basic infrastructural
requirement for optimizing efficient operations and businesses. SMBs are
looking at Internet of Things to enable new business models which will increase
profit margins for companies. After some time, IoT solutions will originate
from start-ups that are less than three years old.
There are certain challenges in
IoT. Foremost is managing the Network. When network grows in complexity, small business
needs to focus on comprehensive network solutions. A dedicated IT staff is
required, who is up to date with the complex nuances of IoT ecosystem and can
help manage the network. Second challenge is Security. Organizations need to
protect their businesses through theft of information, virus break prevention,
and application abuse with limited additional cost and manageability issues. Most
businesses have Cost Restrictions.
Organizations now required a
simplified Infrastructure. Because of tremendous increase in number of devices
the infrastructure requirement has evolved drastically and new devices run on
different bandwidths. It needs to be redesigned so that cost and complexity can
be reduced. There is need for a new security model. Strategic IT investments in
the right network infrastructure can help businesses capture the IoT
opportunity and continue to drive innovation in India.
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