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.
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:
| No | Thrust Areas | Examples of businesses in this category (Illustrative and not exhaustive) | Estimated Growth Potential |
|---|---|---|---|
| 1 | Internet of Things (IoT) |
|
USD 309 Billion worldwide contribution by 2020 (Source Gartner) |
| 2 | Big Data & Data Analytics |
|
USD 40 Billion worldwide contribution by 2018 (Source IDC) |
| 3 | Mobile Enabled Services |
|
Estimated Potential to yield Next 100 Bn USD Start-ups (Source: Trinity Ventures, See the image below) |
