A lot of IoT and smart devices have already been integrated into our daily lives. The number of connected devices in India is expected to reach 2.7 billion by 2020, with NASSCOM predicting the economic impact of these devices reaching up to USD 15 billion next year. But nearly half of the market potential of IoT remains locked due to lack of interoperability standards.

“The main problem in India is we don’t even talk about standards or analyse how a new device gets recognised. 47 per cent of problems can be solved if we unlock Interoperability. Open Connectivity (OCF) India Forum is aimed to solve the interoperability challenges and leverage the right standards.”, says Dr. Aloknath De, CTO, Samsung R&D India.

Click here to read the full article from Ankita KS on Profit from IoT.