Internet of Things (IoT) technologies

Internet of Things (IoT) is a new emerging thrust area for product and service development space. The TBI intends to support and encourage all the innovative ideas, whether for a product, service, equipment, novel application, business model, technique or tool. For the first five years, when the TBI is in the start-up phase itself, it shall focus on some limited sub-areas of communication technologies used for marketing and communication organizations, wherein GLS has a core competency. An illustrative (and not exhaustive) list of such businesses is given below.

incubator

Opportunities

The opportunities in IOT are far reached and hence justify the rationale of establishing the specialized incubator. Following figure gives a glimpse of the opportunities:

Consumer

Consumer

  • Smart home control (lighting, security, comfort)
  • Optimuzed energy use
  • Maintenance
Retail

Retail

  • Product tracking
  • Inventory control
  • Focused marketing
Medical

Medical

  • Wearable devices
  • Implanted devices
  • Telehealth services
Military

Military

  • Resource allocation
  • Threat analysis
  • Troop monitoring
opportunities
Industrail

Industrail

  • Smart Meters
  • Wear-out sensing
  • Manufacturing control
  • Climate control
Automotive

Automotive

  • Parking
  • Traffic flow
  • Anti-theft location
Environmental

Environmental

  • Species tracking
  • Weather prediction
  • Resource management
Agriculture

Agriculture

  • Crop Management
  • Soil analysis

Source: Monetization in the Age of IoT, Aria Systems

No Thrust Areas Examples of businesses in this category (Illustrative and not exhaustive) Estimated Growth Potential
1 Internet of Things (IoT)
  • Retail Industry
  • Government Projects (Smart Cities)
  • Advertising
  • Energy
  • Home Automation
  • Security & Surveillance
  • Large Scale Industries
  • Digital Advertisers
  • E-Commerce
  • Mobile Advertising
USD 309 Billion worldwide contribution by 2020 (Source Gartner)
2 Big Data & Data Analytics
  • Large Scale Industries
  • Search Engines
  • E-Commerce
  • Telecommunication
  • Digital Media
  • Government Projects
  • Security & Surveillance
  • Industrial Automation
  • Retail
  • Weather Forecast
  • Healthcare
  • Marketing (Automation)
  • Banking & Finance
USD 40 Billion worldwide contribution by 2018 (Source IDC)
3 Mobile Enabled Services
  • Mobile Advertisement
  • Mobile Analytics
  • CRM as an Application
  • Mobile App Development across industries
Estimated Potential to yield Next 100 Bn USD Start-ups (Source: Trinity Ventures, See the image below)