The Internet of Things (IoT) is a network of connected physical objects embedded with electronics, sensors, and software. These connected objects (also called nodes) exchange data over the internet. There will be 22 billion connected devices in the world by 2025. IoT technology can be used in sectors like Manufacturing, Agriculture, Healthcare, Transportation, Media/Advertising, Retail, Water and Waste Management, Power Distribution, etc. IoT is used in various applications like smart home, smart parking, smart water level monitoring, smart healthcare, smart traffic lighting, smart waste management, smart solar panels, etc. It is essential for achieving high productivity, efficiency, a safe working environment, and low carbon emissions in the industry and other contexts. Healthcare and manufacturing are the sectors where several startups are working extensively on smart solutions.
The Indian government started the 100 smart cities mission in 2016, which will get completed in 2024. State governments have used around Rs 2 lakh crore in smart cities projects and Rs 4.5 lakh crore is in the pipeline.
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