The future is in IoT, but why are Indian CIOs still waiting in the wings?

#News(General) [ via IoTForIndiaGroup ]

Key takeaways:

Indians create IoT software for the globe but are slow in adopting it within the country
Legacy architecture holds back Indian companies from providing real-time user data analytics
CIOs are slowly waking up to the advantages of IoT and having their operations on the cloud, which promotes more ownership and accountability.
For those who remember the seminal 1973 science-fiction movie Westworld, where robots provided the entertainment to user, that future is not far away in India. The name of the game is artificial intelligence (AI) on Internet of Things (IoT), and one is convinced that the future is here.

The portents of a better life were showcased in Delhi at the Future Connected conclave where Bosch Ltd’s sensors powered cars to understand lunch preferences and kitchen grills to remind the user of cooking pot roast for Father’s Day.

The CIOs and CTOs from consumer industries were in a dilemma, whether to overhaul their IT infrastructure and invest in sensors that would redefine their approach towards business. They want to invest slowly on the real-time platforms that IOT can offer and very few are taking the early punch.

“The question is, ‘will the customer pay for such real-time services, and how will we monetise such a service’,” asks Anil Shankar, VP-Solutions and Technology in Shoppers Stop, who adds that they are investing in understanding the consumer on a real-time basis today.

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