The Rise of IoT in India
The Indian startup ecosystem has witnessed a significant surge in the number of Internet of Things (IoT)-focused startups in recent years. According to recent reports, there are over 3,300 IoT-focused startups operating in the country.
Google’s investment will support the digitisation of MSMEs, enabling them to access digital platforms, improve their operational efficiency, and enhance their competitiveness in the global market.
One example of how Google’s investment is helping MSMEs is the story of a small textile manufacturer in India. The manufacturer, who wishes to remain anonymous, was struggling to compete with larger businesses due to its limited resources and outdated technology.
Moreover, the increasing use of artificial intelligence and machine learning in IoT devices raises concerns about bias and fairness in decision-making processes.
The use of artificial intelligence and machine learning in IoT devices can lead to a range of concerns, including bias, fairness, and accountability. For example, smart home assistants like Amazon’s Alexa and Google Home use machine learning algorithms to learn users’ habits and preferences, but these algorithms can be biased against certain demographics, leading to discriminatory outcomes.
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