Convergence India 2019 expo showcases power of IoT

Convergence India 2019 expo showcases power of IoT

New Delhi: The 27th Convergence India 2019 was inaugurated by Minister of Commerce & Industry and Civil Aviation Suresh Prabhu at Pragati Maidan in New Delhi. The event kicked off third Internet of Things India 2019 and Embedded Tech India 2019 expos which is expected to witness more than 600 exhibitors from over 30 countries showcasing their technologies in various fields.

While speaking at the inaugural ceremony Suresh Prabhu said, “This event is a true convergence of technologies and companies from around the world coming together to build a new global technology-driven ecosystem. I believe India has a very important role to play in this new world, not only as a nation capable of adopting new technologies, but also one capable of innovating and producing new technologies.” 

The Internet of Things (IoT) has changed India in many ways and technological advancements will continue to transform the nation in the future as well. The growing need for real-time monitoring and tracking, along with favourable government initiatives is driving the IoT market growth. Industry experts opined that the increasing demand for operational efficiency and cost –saving would make IoT a dominant model for organisations across various end-use applications in the future. The IoT ecosystem comprises a number of devices, networking infrastructure, software solutions, platforms and services. 

A lot of companies from around the world are demonstrating their technological capabilities which will shape the future of transport and logistics industry. As the IoT doption grows in India, sectors which are part of industrial Iot, such as industrial manufacturing, energy and utilities, transport and logistics, and agriculture are expected to lead the market.

Tracking the movement of goods throughout the supply chain with the help of IoT would improve the demand planning, and as a result, timely product replenishment would be possible.  “Industry 4.0 is further expected to enhance productivity through quality control by detecting defects and offering predictive maintenance of factory machinery which is expected to drive the market,” said one of the industry experts at the exhibitions. During the occasion, Deepak Kumar, Executive Director, India Trade Promotion Organisation, said, “Interactions and interesting and educational sessions here will strengthen and facilitate government and private initiatives related to Digital India and Internet of Things.”