ICFAI University Press (IUP), Hyderabad launched today a Bimonthly magazine titled “Internet of Things”, which is possibly the first Indian magazine on the topic Internet of Things (IoT), the “Happening Technology” across the globe.
Addressing the gathering on the occasion, Prof ORS Rao, Consulting Editor of the magazine said, “IoT will enable us to use Smart Phones to do our day-to-day tasks like switching on your home AC, Fridge, and Geyser etc when you are on your way back home from office. IoT will radically transform our life style and dramatically improve productivity in office. Considering the immense career opportunities that the inter-disciplinary technology offers, it is essential for the students as well as working professionals to be abreast of developments in the field”, added Prof Rao.
Mr S V Srirama Rao, Associate Editor of IUP said “ICFAI University Press has been endeavoring to bring developments in the futuristic technologies to the forefront of the discerning readers and this is just one more instance of that tradition. While the world has celebrated IoT day on April 8, it is significant that IUP launched the first Indian magazine on IoT at the same time”, added Mr Srirama Rao.
Mr Sudhakar Rao, Director, Branding, ICFAI Group in his presiding address said “ICFAI Group plans to popularize IoT and make its students “future-ready” by way of conducting TechFests and student competitions on innovative products around IoT, thereby igniting the minds of students.
The event was attended by large gathering of students, faculty of ICFAI, academicians, and businessmen.
Background:
The Internet of Things (IoT) is the network of everyday usable objects or “things” such as wearable devices, smart fridges, door locks, connected cars, traffic signals etc, enabling them to exchange data with other connected devices for a specific purpose. IoT driven by Smart Phones will enable us to do our day-to-day tasks more conveniently and make our life easier. IoT, coupled with Cloud Computing and Data analytics, will improve the productivity of industry and business and enable better decisions.
The number of Smart devices, embedded with electronics, software, sensors and connectivity, has been increasing at an exponential rate in the last 5 years and it is expected that by 2020, there will be over 50 billion devices connected to the Internet. IoT can have diverse applications, including retail, transportation, healthcare, automotive, manufacturing etc.
As per Industry analysts, IoT is expected to present a potential business opportunity of about $1.7 trillion in the next 5 years. However, in order to harness this opportunity, industry has to transform business operations and introduce new business and revenue models by providing innovative products and services. In order to maximize the social and economic benefit of the technology, issues of interoperability, need for developing open platforms and standardization across technology layers have to be addressed. There is also an imperative to address the security risks, due to enhanced vulnerability.
IoT is an inter disciplinary area, which needs integration of electronics, telecom and software technologies. Successful development and deployment of IoT products and services needs working together of technologists, researchers, business analysts and managers.
Top IoT companies in the world include Intel, Microsoft, Cisco, Google, and IBM. IoT is already making inroads into India, with products and services being launched by start-up companies to reputed companies like Philips. Large IT services companies like TCS, Cognizant, Infosys and WIPRO are setting up centers of competence on IoT, as part of Digital Business Transformation. A large number of start-ups are venturing into IOT. Besides business opportunities, IOT also presents excellent career opportunities.
The IUP Publications brings out a portfolio of publications to make the much-needed knowledge available to its readers. By making them a staple diet, readers can build competitive edge in their fields of specialization. These publications are designed to cater to the needs of executives, managers, professionals, practitioners, entrepreneurs, advocates, academia and students. The portfolio of publications consists of 27 Journals in the niche areas of management, finance, economics, science & technology and arts & humanities.
Management Journals: The areas covered by management journals are: Management Research, Entrepreneurship Development, Corporate Governance, Organizational Behavior, Operations Management, Soft Skills, Brand Management, Marketing Management, Business Strategy, Knowledge Management and Supply Chain Management.
Finance Journals: The areas covered by finance journals are: Applied Finance, Accounting Research and Audit Practices, Bank Management, Behavioral Finance, Risk & Insurance, Financial Risk Management, Infrastructure.
Economic Journals: The areas covered by economics journals are: Applied Economics, Agricultural Economics, Managerial Economics, Monetary Economics, Public Finance and Financial Economics.
Legal Journals: The professionals in the Indian legal arena, practicing or academics, had to be content with the case law that emerged from time to time, for keeping abreast of the developments in the various fields of law. There is a long felt need for knowledge products that go beyond the case law that provide greater degree of understanding, in-depth analysis, commentary et al. To precisely address this need the IUP has forayed into publication of domain-specific journals.
Authorized Signatory
Sudhakar Rao
Director-Branding & Communications
Mob: 9848529385.
ICFAI University for Higher Studies 