Internet of Things (IoT)
The Internet of Things (IoT), is defined as the network of devices, vehicles, buildings and other items-embedded with electronics, software, sensors, and network connectivity that enables these objects to collect, exchange and act on data. Success of home automation systems like Google Home and Alexa have lead to a spike in interest in IoT. McKinsey predicts the IoT market will be worth about $500 B by 2020, growing at a rate of about 10%. Industrial products are leading in IoT adoption at 45% with an additional 22% planning to adopt IoT in the next year. Regardless of industry, IoT is predicted to be one of the single most important factor impacting fundamental business logic in the coming decades.
Internet of Things applications can be found in every industry with a diversity of application for smart homes, smart buildings, travel and transportation, health and personal care, retail, agriculture, construction etc. Amazon alone has hired about 25,000 people to work on its Smart Home platform Alexa. Google also employs a huge number of IoT experts for its Google Home platform. Studies show that the median salary of IoT professionals is Rs. 15.2 lakhs per annum, 76% high compared to Rs. 8.65 lakh per annum in IT sector.
Companies are offering starting salaries of about Rs. 12 lakhs per annum (LPM) for graduates with IoT skills. Companies are offering Rs. 25 LPM for someone with 5+ years of experience and top IoT employees enjoy salaries in range of Rs. 1 crore per annum. Salaries for Data Science experts in USA can reach up to Rs. 3 crore per annum. Bengaluru, Pune, Chennai and Hyderabad have the highest number of openings for IoT related jobs.
Programming an IoT requires a deep skill set that includes hardware such as microcontrollers, software, sensors, and communication. These foundational skills are taught in first and second academic years. IoT program consists of a total of nine courses taught in third and fourth years, along with one main project. Foundational courses "Introduction to IoT" and "IoT Applications" are taught in fifth semester. Sixth semester course covers protocols, architecture and security aspects of IoT systems through courses "Architecture and Protocols", "Cloud Architecture and Programming for IoT" and "Privacy/Security". Seventh semester covers advanced IoT and related technologies in courses "Smart Infrastructure", "Advanced Wireless Technology", "AI for IoT" and "Mobile Application Dev for IoT".
IoT is the "smart" factor of Smart Home, Smart Appliances, Smart Cities, Wearables, Smart Supply Chain, Connected Cars and such. Currently at 10 Billion, the number of IoT devices are projected to explode to 1 trillion by 2025 and so are the opportunities. Experts in Internet of Things command salaries of about Rs. 24 lakhs per annum. By taking this program, you will be ready to design IoT solutions and guide cutting-edge IoT projects in the field of your choice.