Importance of IoT in Industry 4.0

The IoT (Internet of Things) industry in India is undergoing a remarkable transformation. Which is signalling a new era of technological advancement and connectivity. As a result this burgeoning sector is driven by the increasing adoption of digital technologies across various industries. As we have noted from healthcare to manufacturing, and agriculture to smart cities. The Indian government’s supportive policies, such as the Digital India initiative, have further fuelled IoT industry growth. Aiming to create a digitally empowered society and knowledge economy. Notably, the proliferation of affordable internet services and the expanding base of smartphone users have made IoT industry solutions more accessible. Leading to innovative applications and services tailored to Indian needs. Indian startups and tech giants are at the forefront which helps developing unique IoT-based solutions. That address local challenges, which improves operational efficiencies, and enhance the quality of life. With its vast potential for impact and growth, the industry in India is not just contributing to the technological prowess. But also playing a pivotal role in its socio-economic development.

Manufacturing modernisation relies on a set of technologies clubbed as Industry 4.0. Deloitte Global’ s third annual survey1 also took a closer look at Industry 4.0 technologies that could be CXOs’ imminent priorities and have the greatest impact on their organisations.