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What's There In Digital Future?

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As the world moves towards converging technologies and Intenet of Things becomes a reality, analysts have been predicting how billions of devices will be connectable with an ability to drastically enhance the quality of living and change the way we experience products around us. Digital infrastructure enabling IoT is a key enabling technology for a connected and instrumented world. We already see a number of technology giants partnering and innovating new products around IoT, along with smart and intelligent devices like fitness bands and smart watches already creating a lot of buzz in the market. Many of them are monetising the opportunity to take a lead and create a new set of offerings with recurring revenue for the company.

The global urban population is expected to grow approximately 1.84 per cent per year between 2015 and 2020, 1.63 per cent per year between 2020 and 2025, and 1.44 per cent per year between 2025 and 2030. By 2017, there will likely be 1.4 billion mobile sensing health and fitness app downloads, worldwide and the use of health apps will is expected increase the fastest over the next five years. Indian online retail spending will may reach $16 billion by 2018, where online retail in India grew by 67 per cent in 2013. The number of Indian online buyers is expected to grow to 128 million by 2018. Almost all industry verticals will may be touched by digital infrastructure and a tremendous opportunity may exists for early adopters to establish themselves as leading players on a global scale

As digital infrastructure goes mainstream, there can be challenges like security, data breach and inter-operability which may pose as a barrier for the overall framework. Security could be the utmost concern, as data would be exchanged over connected devices and under pinned by data breach of personal information. The consumer could be one of the most important stakeholders in this scenario.

According to the Department of Electronics and Information Technology (DeitY), the IoT industry in India is expected to be a $15 billion market by 2020; it is expected that India would have a share of 5 to 6 per cent of the global IoT industry. Digital infrastructure is expected to create tremendous opportunities for various technology players across verticals and in key applications like; smart cities, smart utilities, smart healthcare, smart transportation and more in India.

Speaking on Digital Infrastructure at the CII CONNECT Conference 2014 in Chennai on Monday (15 December), K K Raman, Partner, KPMG in India said: "Digital infrastructure will power the next mega trend as connected devices converge bringing more efficiency and possibilities in the future. Industry players and society need to leverage digital infrastructure to create more opportunities and economic value. In addition, digital infrastructure is expected to play a major role in the success of the ‘Make in India’ initiative."

The Indian government has declared significant plans to build ‘digital infrastructure’ as part of the ‘Digital India’ initiative intertwining a large number of ideas and thoughts into a single, vision.  Given the transformational nature and benefits, the Indian government has announced investments of over Rs 113, 000 crore to build digital infrastructure. The Indian government needs to ensure various sub-programmes are working in a synergistic and coherent manner to deliver a truly transformative digital infrastructure which can propel India to lead the internet of things revolution.

There may be a distinct set of challenges for businesses and consumers. Long-term success of digital infrastructure in a country like India could depend on the how well infrastructure operations work along with technological challenges. India, as a growing nation, could be looking to invest continuously in newer technologies and capabilities, while also driving their mass deployment, overcoming the challenges that manifest as hard and soft issues.