There is automation in industry. It is an important aspect of Industry 4.0. Here the production operations are harmonised through communication between various entities in the manufacturing plant.

IoT is a key technology to make this happen. Manufacturing has been done horizontally, that takes care of several verticals. There is communication of the employees with the equipment. There is communication between the various machines. IoT improves efficiency and productivity in areas such as accident prevention, internal traffic and employee safety. All this was monitored manually. IoT brings visibility into these activities.

The other benefit is management of resources efficiently, say energy, water, gas and other resources. In IoT, there is analytics associated with hardware. On the software side of IoT, there is data collection, security, forecasting and predictive analysis.

In this field too, SaaS business model has become popular.

The manpower in the field is drawn from the field of hardware, software, data science and consultancy. IoT by itself is emerging as a new industry, and offers diverse job opportunities.