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\"\"BENGALURU: Information Technology Minister Ravi Shankar Prasad<\/a> today said he would consider India's IT initiatives a success if its technology products are adopted across the world, including Europe and US.
\n
\n\"I have seen IT evolution of India which follows the traditional pattern from outsourcing to R&D and what not. They are important. They need to be promoted.\"
\n
\n\"But I will be the happiest and consider our IT initiative a success if your extraordinary potential propels products, which are replicated and used in Asia, South-East Asia, Latin America, Europe and America,\" he said while addressing an event on Internet Of Things (IoT) organised by Nasscom here.
\n
\nPrasad said healthcare, education and agriculture must be the priority areas wherein benefits could be offered to the people.
\n
\nHe also said as per a study, IoT products will produce economic benefit of nearly $2 trillion by 2020.
\n
\"Forbes<\/a> says that we will have 25 billion IoT connections by 2020. Cisco<\/a> estimates 50 billion, and the revenue is going to be very very exciting.\"
\n
\n\"As per Gartner, IoT will produce economic benefit of nearly $2 trillion by 2020 and Cisco estimates it will be $14 trillion. Therefore even economically, IoT products are going to be very win-win,\" he said.
\n
\nPrasad said he was open to suggestions to leverage IoT skilling and also stressed on having higher human resource research and training in the area.
\n
\nHe also laid emphasis on using IoT for cyber security and said it should not be allowed to be abused by some people.
\n
\nInnovators should conduct research to develop a good ecosystem to further strengthen the whole architecture of cyber security, Prasad said.
\n
\n\"How can by innovation and research, we can develop a good ecosystem to further strengthen the whole architecture of cyber security, that is a very lurking area of concern, where we have all to work collectively,\" he said.\n\n<\/body>","next_sibling":[{"msid":53109146,"title":"'Spectrum scam' charge utterly bogus: Prasad","entity_type":"ARTICLE","link":"\/news\/spectrum-scam-charge-utterly-bogus-prasad\/53109146","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":53109227,"entity_type":"ARTICLE","title":"Indian IT products should be used globally: Ravi Shankar Prasad","synopsis":"Innovators should conduct research to develop a good ecosystem to further strengthen the whole architecture of cyber security, Prasad said.","titleseo":"telecomnews\/indian-it-products-should-be-used-globally-ravi-shankar-prasad","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2016-07-08 09:49:44","lastupd":"2016-07-08 09:52:54","breadcrumbTags":["Ravi Shankar Prasad","Forbes","Cisco","industry"],"secinfo":{"seolocation":"telecomnews\/indian-it-products-should-be-used-globally-ravi-shankar-prasad"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2016-07-08" data-index="article_1">
\"\"BENGALURU: Information Technology Minister Ravi Shankar Prasad<\/a> today said he would consider India's IT initiatives a success if its technology products are adopted across the world, including Europe and US.
\n
\n\"I have seen IT evolution of India which follows the traditional pattern from outsourcing to R&D and what not. They are important. They need to be promoted.\"
\n
\n\"But I will be the happiest and consider our IT initiative a success if your extraordinary potential propels products, which are replicated and used in Asia, South-East Asia, Latin America, Europe and America,\" he said while addressing an event on Internet Of Things (IoT) organised by Nasscom here.
\n
\nPrasad said healthcare, education and agriculture must be the priority areas wherein benefits could be offered to the people.
\n
\nHe also said as per a study, IoT products will produce economic benefit of nearly $2 trillion by 2020.
\n
\"Forbes<\/a> says that we will have 25 billion IoT connections by 2020. Cisco<\/a> estimates 50 billion, and the revenue is going to be very very exciting.\"
\n
\n\"As per Gartner, IoT will produce economic benefit of nearly $2 trillion by 2020 and Cisco estimates it will be $14 trillion. Therefore even economically, IoT products are going to be very win-win,\" he said.
\n
\nPrasad said he was open to suggestions to leverage IoT skilling and also stressed on having higher human resource research and training in the area.
\n
\nHe also laid emphasis on using IoT for cyber security and said it should not be allowed to be abused by some people.
\n
\nInnovators should conduct research to develop a good ecosystem to further strengthen the whole architecture of cyber security, Prasad said.
\n
\n\"How can by innovation and research, we can develop a good ecosystem to further strengthen the whole architecture of cyber security, that is a very lurking area of concern, where we have all to work collectively,\" he said.\n\n<\/body>","next_sibling":[{"msid":53109146,"title":"'Spectrum scam' charge utterly bogus: Prasad","entity_type":"ARTICLE","link":"\/news\/spectrum-scam-charge-utterly-bogus-prasad\/53109146","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":53109227,"entity_type":"ARTICLE","title":"Indian IT products should be used globally: Ravi Shankar Prasad","synopsis":"Innovators should conduct research to develop a good ecosystem to further strengthen the whole architecture of cyber security, Prasad said.","titleseo":"telecomnews\/indian-it-products-should-be-used-globally-ravi-shankar-prasad","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2016-07-08 09:49:44","lastupd":"2016-07-08 09:52:54","breadcrumbTags":["Ravi Shankar Prasad","Forbes","Cisco","industry"],"secinfo":{"seolocation":"telecomnews\/indian-it-products-should-be-used-globally-ravi-shankar-prasad"}}" data-news_link="//www.iser-br.com/news/indian-it-products-should-be-used-globally-ravi-shankar-prasad/53109227">