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The advent of IoT technology and related systems are considered to be a major driving factor in the 4th Industrial Revolution. The vastness of application in IoT related systems are being explored in many facets of life, industry, and space. The miniaturisation of sensors and actuators along with the expanse of the internet related tech has brought a new world of possibilities to our doorsteps. While every industry, country and application seek adaptation, the projections of IoT market potential are phenomenal.
Source: Statista
The three main elements of the IoT space are defined to be the device management, Cloud Platforms and Network Management is projected to contribute in the following proportions:
Sri Lanka has been actively engaged in the IoT space through development of Cloud Platforms, Applications in Agriculture, Smart homes, and Security. The Concept, Prototype to Commercial production of complete systems have provided a unique play for exporters in Sri Lanka. In the recent past acquisition of locally instituted companies in this space by global players has been an encouraging trend. The technical competency and vision displayed by the local industry players will continue to bring greater engagement of global partnerships / acquisitions in the IoT space. Further, the R&D carried out by numerous companies are bound to bear fruit in the not-so-distant future. Today, the Sri Lankan engineers have been able to utilize these technologies to optimise the output of traditional industries such as agriculture where steps in the agricultural process such as fertilization, climate control, green house controlling, temperature and other factor sensor mechanisms have been automated and integrated into the system.
With stringent quality measures, customised solutions and excellent service records, Sri Lanka is gradually establishing a stellar reputation as an ideal design to delivery location. Currently serving businesses ranging from start-ups to several fortune 500 companies, and present in more than 50 countries, the Sri Lankan exporters are equipped to offer both traditional and non-conventional IOT and Industrial automation solutions to a diverse range of operations worldwide. These encompass providing cutting edge technological solutions such as Data Annotation, Visual Tasking Services, Big data Analysis, Artificial Intelligence Solutions, Predictive Analysis Models and AI-based responsive models. In addition to these, our industry provides end-to-end technology consulting and engineering services that includes both hardware and software. These services include Enterprise Software Applications, Big Data & Data Science Engineering, Embedded Systems Engineering, Remote Monitoring & IoT, Machine Learning, Cognitive Vision, Robotics, and Innovation Services with Technology Proof of Concept Development. The highly skilled, trained workforce, emerging through the highly regarded and sought-after university system of the country, enables efficiency, innovation, and ideation, and provides a strong foundation for continuous learning and R&D.
Sri Lankan Electrical and Electronics industry is in a constant state of research and development in order to provide the best quality products suiting the standards of the global market. The wide variety of products and exporters cover every aspect of the industry
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