Tata Communications is set to invest about $100 million on Internet of Things (IoT) in the next 2-3 years.
“IoT is a serious business and will become a significant revenue line for the firm going forward,” said V. S. Sridhar, Senior Vice President and Head – Internet of Things, Tata Communications.
“There will be a lot of action over the next two to three years in IoT. Overall investment over the next two to three years will be $100 million,” added Sridhar.
The Mumbai-based company has already rolled out its dedicated IoT network in 38 cites across the country, along with a platform to manage the services that supports very low power consumption.
Low power consumption for devices with supporting platform and network is crucial for IoT applications and solutions. Tata Comm has conducted trials and tested networks and applications, and is ready with the ecosystem for services to be launched seamlessly in India.
Tata Communications will also expand its LoRa network in India by 2018. LoRa network is a low-power wide-area network (LPWAN), a powerful tool for mapping smart city applications and urban planning at a low bit rate.
“IoT is a huge potential area as a number of smart cities and services by governments are in the process of execution and adoption will happen fast,” commented Sridhar.
He said over 10 pilot projects have already been executed for customers across segments like safety, including factory workers on shop floors, energy, customer services, lighting and asset protection.