Aeris is collaborating with Malaviya Centre for Incubation, Innovation and Entrepreneurship (MCIIE) and Indian Institute of Technology (BHU), Varanasi to establish a ‘Internet of Things – Centre of Excellence’ (CoE) on the IIT BHU campus.
Aeris, MCIIE and IIT BHU will jointly work to address the pressing need in India to develop workers’ skills, accelerate innovation and increase entrepreneurship in emerging technologies like IoT.
According to forecast by Researchica, the global IoT market is expected to cross US$ 3 trillion by 2025. The study also projects that in the next 15 years, 50% of businesses would become obsolete due to automation in which role of IoT would be significant.
India now accounts for 43 percent or US$1.5 billion of the global US$3.5 billion IoT market. This is expected to grow to US$15 billion, with 5.6 billion devices in India by 2020, according to Nasscom and Deloitte. This presents a significant opportunity for Indian technologists, startups and service providers to help advance IoT technology adoption.
The collaboration between Aeris and IIT BHU will enable the creation of indigenous and innovative IoT solutions, supporting the “Digital India” mission and “Make in India” initiative. The Aeris IoT platform will be deployed at the IoT-CoE as part of the MCIIE and will be used by IIT-BHU scholars for projects of academic interest, as well as serving as an incubation platform for startups for the development of connected and integrated smart solutions. Aeris employees from India and USA will provide training and hands-on experiences in IoT technology.