The National Association of Software and Services Companies (NASSCOM) has reportedly signed a MoU with the IoT Acceleration Consortium (ITAC) Japan. to collaborate to address digital technology shifts and accelerate IoT (Internet of Things) adoption at a global level across the industry.
This collaboration is to address digital technology shifts and accelerate IoT (Internet of Things) adoption globally.
Furthermore, the organisations will work together for various activities like exchanging statistics and dynamic practices related to the respective IoT industries and will look at facilitating exchange programs for association members.
Also, both NASSCOM and ITAC will share information on the ecosystem, new practices and technological developments.
Speaking on the development, K.S. Viswanathan, VP – Industry Initiatives, NASSCOM, said, “IoT can be termed as the fourth wave of industrial revolution and in India it has the potential to penetrate across businesses horizontals, encompassing services and manufacturing.”
The IoT would be helpful in the industrial revolution in India. Every sector across the globe is trying to accelerate IoT. The IoT market in India is expected to reach $15 Bn by 2020 which means growth by nearly 5% globally.
Recently, NASSCOM had also inaugurated the Internet of Things (CoE- IoT) at the Nasscom Startups Warehouse in Bangalore.
The centre was inaugurated by Ravi Shankar Prasad, Union Minister for Law, Government of India and aims to focus on leveraging IT strengths and creating a new age industry with the support of IoT based ideas.