The IET organised India’s first ever conference focussing on generating money in Internet of Things in Bangalore

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The IET conference aimed to help businesses gain more out of the IoT

Bengaluru, India, January 14, 2016– The IET hosted the first of its kind conference in India that focused on ways to help start-ups and business enterprises to monetise the Internet of Things. The conference titled ‘Simplifying the Puzzle: Generating Money in Internet of Things’ took place as part of India Electronics Week in Bengaluru.

The event showcased success stories from industry experts who have exploited the monetary potential of IoT. Futuristic trends, potential challenges, and guidelines to implement IoT programmes were discussed in detail during the conference.

Somshubhro Pal Choudhury, Managing Director, Analog Devices India delivered the first keynote address on ‘IoT – State of Affairs’. Dr. Rishi Bhatnagar, Global Head – Digital Enterprise Services, Tech Mahindra and also Chairman of IET India IoT Panel delivered the second key note address on ‘IoT is an opportunity’

The conference also had two panel discussions  on ‘IoT as a thrust to Revenue Generation’ and ‘IoT for cost optimization to Margin Improvement’ featuring panellists from companies like Aeris, Bosch, Credit Suisse, Cisco, Intel, Nokia, Qualcomm, Samsung and Vodafone.

Over 120 delegates from start-ups and business enterprises in the IoT and electronics segment attended the conference.

“Internet of Things is been embraced by organisations across industries as the key trend with immense possibilities. We all know that IoT is here to stay and is expected to generate a lot of economic wealth. With this conference, we attempted to focus on biggest puzzle of all – how to monetize the IoT. Eminent speakers from varied industries shared their success stories on how they successfully generated revenue in IoT and advised young start-ups on how they could adopt certain approaches to receive profits in IoT. Association with EFY Group to deliver this event was wonderful and we hope to host and be part of many such events in the future,” said Shekhar Sanyal, Country Head and Director, IET India.

“IoT has widened innovation perspectives in different sectors and offers opportunities for growth and revenue generation for every stake holder. There are challenges of course, but conferences like these help businesses understand and discover new solutions for the same. This initiative by the IET is in line with the objective of the IET IoT panel to provide a neutral voice to facilitate discussions that will help in making the connected world more efficient, smart, innovative and safe.” Dr. Rishi Bhatnagar, Chairman, the IET IoT Panel said at the conference.

The conference was co-located with IoTShow.in, which is India’s largest exhibition and conference on the Internet of Things. Both shows were conducted under the umbrella event Indian Electronics Week 2016, which is a 3 day international event held at Bengaluru, to promote electronics industry in India.

 

About the IET:

Founded 143 years ago, the Institution of Engineering and Technology (IET), earlier known as (IEE) is one of the world’s leading professional societies for the engineering and technology community. The IET is based in the UK and has 163,000+ members in 127 countries, with active networks of members in 37 countries. In India, the IET has over 12,000 members and 8 Local Networks and focuses on the Energy, Transport, Information & Communications, IoT and Education sectors.

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