Bosch Software Innovations and Tech Mahindra (TechM) organized the "Internet of Things Innovation Connect" half day event on 30th July 2014 at TechM's campus near Delhi in India. The event had key participants from both teams, end users from the industry, niche IoT/M2M players, partners such as telecom service providers and consultants under one roof to talk about recent trends and share insights on IoT in the Indian market. The two teams got into a partnership in 2013 for developing and delivering software solutions in the IoT space with a primary focus on manufacturing and transportation industries.
C.P. Gurnani, CEO and MD, TechM began the proceedings by talking about the impact IoT is having on the IT services industry. In his opinion, IoT will be a disruptive seismic change only if it impacts the end users of the technology and when it becomes part of their life. Dr. Rainer Kallenbach, CIO & Chairman Executive Board, Bosch Software Innovations spoke about how the formula for success in IoT is to combine 'thing-based' functionalities and 'IT-based' services to enable new business models. The team was formed 5 years ago to spearhead IoT in Bosch focusing on 4 areas - Energy, Mobility/Transportation, Manufacturing and Smart Home. Bosch's IoT Software Suite is being developed as a middleware for all domains.
IDC Manufacturing Insights chaired the panel discussion starting with an analyst's perspective on IoT. Using IoT, feedback on how products perform in the field goes as far back as the engineer who designed it. Some of the concerns that were brought up in the discussion by participants and in the Q&A session:
- lack of connectivity in some parts of the country being a road block for effective implementation
- importance of security, governance and standards for interoperability
- translation of business needs and challenges into technical use cases
- usage of IoT in India predominantly for efficiency and productivity instead of focusing on disruptive business models
The session ended with some key take aways such as the importance of partnership in an area such as IoT with several moving parts and domains that need to get together. TechM show cased some of the ideas from the innovation lab. As per IDC's C-suite barometer where 1000 CXOs from APAC were interviewed, IoT will fundamentally change the way we live and work. It should not be applied on business as usual but after fundamentally transforming a business model.