Business Guide | Israel-India 2022

communication access, many global satellite industry- based private players areworking towards the growth and expansion of their present infrastructure to enhance the installation and integration of the necessary equipment related to industrial IoT in every nook and corner of the world, along with the alignment of the same with the evolving augmented reality environment. As a result, this is expected to be a positive driving growth factor for the Indian industrial IoT market in the near future. Where Israel Can Fit In When it comes to IoT cooperation and co-developments, Israel is one of the best possible partners to Indian organizations. Little Israel is a sort of an international hub of Industry 4 . 0 Innovationwith its entrepreneurial culture and innovative ecosystem. The disruptive technological advancements for which Israel is renowned, such as AI, computer vision, cybersecurity, smart sensors, blockchain and automation processes, are helping to change theway products aremanufactured, designed and inter-connected. IoT poses a big opportunity for Israeli startups - Israel has produced over 250 IoT Start-up companies. In the first quarter of 2022 , similar to previous quarters, Israel companies generated funding of USD 464 million. Israel is already seeing fast and keen entrepreneurs are coming up with smart ideas and solutions. Time will tell how this market will evolve. One thing is for sure – it will be huge, and the greatest entrepreneurs will build big companies around it. Indeed, in 2018 , the big potential that was lying in India- Israeli cooperation had begun to come true. In that year, the first India-Israel Innovation Centre (IIIC) was launched in Bengaluru and started operationswith the aimof bringing local partnerships and joint ventures in the field of IoT, between companies from both countries. Also, some joint R&Dbilateral projects concerning IoTwere approved – in areas such as healthcare, bio-agriculture and satellite communication. Its rich background in cyber security technologies puts Israel in a good position when it comes to challenges of IoT security. Because the more tech infrastructures and architecture are connected, and maybe even because of the rash of users and developers to bring new products to market, the more they have to be protected. An IoT attack can include devices, networks, data, and users` and cybercriminals can launch an attack to steal information, take over a system or shut it down. The Threat of IoT Cyber Attacks IoT cyber-attacksmore than doubled during thefirst half of 2021 , and included some 1 . 51 billion breaches of Internet of Things (IoT) devices, an increase from 639 million in 2020 . Here, solutions need to be specific to different areas, and all are to be tied together eventually. There are a few Israeli firms that develop cybersecurity solutions for industrial and critical infrastructure IoT in areas like energy, oil, gas, healthcare networks, pharmaceuticals, water utilities, andmore. Other IoT security companies from Israel specialize inNetwork-As-A-Service solutions and in scanning and eliminating IoT security "blind spots". These and similar innovationswill take the cooperation between Israel and India to new and more interconnected levels. 67