IoT is advantageous for India and ST

India's advantageous position in IoT: Vivek Sharma: If you look at what we need for IOT, we need sensing, we need processing, then we need communication such as Bluetooth or Wi-Fi. So you sense, process and communicate and also do some analytics, and also more important is you need to power all this. So in IOT, ST is extremely well positioned, It is estimated that by 2020, 30 billion devices are going to be connected and 85% of that is web-connected things. If they are connected with the net and communicating with each other, wearable is just one aspect of it. There is smart connected city, industrial Internet because you know if you look at the industry today it spans the globe. Industrial Internet, connected/smart city, smart industry, connected car, smart home, smart me (where my healthcare and my wearable and all) all this comes under IoT. With all this IOT put together this brings me to another dimension- India. Electronics is the fuel for India: Vivek Sharma: If we look worldwide, countries with intention or no-intention, they have mastered some ecosystems- like in US- in 60s, it was PCs and semiconductors, then it was Europe-started with PCs- but they became very successful with communication and also broad semiconductor industry, and the Taiwan- we saw in PCs and semiconductors, the latest kid on the block is China- with all the ...