Article Preview
Top1. Introduction
Technology in the digital space has undergone massive transformation during the last few years. It is opined by the experts (Uckelmann et al., 2011, pp. 1-24) of industries that such transformation in India would continue. With such technological transformation, the latest entry in the technology of digital space is Internet of Things (IoT). It may be defined as the technological connection among telecommunication, software and industries connected with electronic hardware. This new technology IoT is considered to bring many new opportunities beneficial to many industries (Gubbi et al., 2013, pp. 1645-1660). This IoT technology is associated with sensors whose number will be increasing to trillions in near future with involvement of IoT applications of multipurpose nature numbering as high as millions (Draft Policy on IoT, GOI, 2015; Chatterjee et al., 2018b). By such progress in this field of technology, the IoT will be able to explore new sections of consumers and would be able to create a completely different type of business behavior demanding increasingly industry solution and this would immensely improve the Information Technology Industry sector fetching trillions of dollars, especially for those industries which would take help of IoT. The use of IoT is increasing exponentially in the world (Acquity Group, 2014, pp. 8-9) and in 2011 it was noted that the IoT devices had the number around 12.5 billion which surpassed total population of 7 billion of the world. Experts believe that by 2020, the IoT related devices would be between 26 billion to 50 billion in the world (ABI Research, 2013). India will also be able to enjoy the advantages of this new technology. It is pertinent to mention that Government of India (GOI) has proposed to create 100 Smart Cities in India in the first phase. In 2015 budget, a sum of rupees 7000 crores (approx..1.5 billion USD) has been allocated for this purpose. It is expected that this would help the use of IoT and the use would rapidly increase. Again, in this scenario, the Digital India program of GOI, which has an aim to make the Indian society digitally empowered, would help the IoT to flourish out of proportion in India in a very near future. In this connection, IoT policy of GOI would play a crucial role for realization of huge potential of IoT.