Internet of Things' to be next driver of IT industry

In coming years, IT industry is going to get a major fillip from the Internet of Things, and India is well positioned to capture the opportunities, said Infosys co-founder N R Narayana Murthy here on Monday.
"Going forward, opportunities for Internet of Things (IoT) will take off. Because, we are combining internet with factories, vehicles, home appliances, etc today. This will create a considerable number of opportunities for entrepreneurs to bring the power of internet to our lives," said Murthy while addressing a gathering of entrepreneurs at the TiE Global winter retreat.
Expressing skepticism about big data analytics creating large scale opportunities, Murthy said thanks to the miniaturization of computing power, its reduced cost, and increased bandwidth, the future for IoT is very bright.
"After all, IoT is bringing mechanical, electrical, chemical, civil engineering and internet together. That's why I think we will be in a position to handle these requirements pretty well," added Murthy.