Subject category:
Knowledge, Information and Communication Systems Management
Published by:
Amity Research Centers
Length: 12 pages
Data source: Published sources
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Abstract
'Swiss Re', a Reinsurance Company based in Zurich, Switzerland reported that the world had incurred economic losses amounting to approximately USD306 billion in the year 2017 on account of disasters. Another report identified India as one of the most disaster-prone countries in the world. Nearly 82% of its population was exposed to disaster related vulnerabilities; and the country was paying a huge cost of about USD9.8 billion per year because of disasters. Climate change and various other topographic and demographic factors were increasing the threat to natural disaster; and also, disaster-related consequences. Therefore, there was an urgent need for judicious measures to combat the related damages which could hamper the country's future growth potential. Experts were proposing the usage of IoT for effective disaster management. They believed that IoT would be a disruptive technology helping India to transcend from 'relief and recovery' based model of disaster management to 'risk and vulnerability assessment' model. They insisted that IoT could bring about a paradigm shift in India's disaster management. Given the vastness of the country and the diverse nature of threat, would technology be able to address India's disaster management challenges?
Location:
Other setting(s):
2018
About
Abstract
'Swiss Re', a Reinsurance Company based in Zurich, Switzerland reported that the world had incurred economic losses amounting to approximately USD306 billion in the year 2017 on account of disasters. Another report identified India as one of the most disaster-prone countries in the world. Nearly 82% of its population was exposed to disaster related vulnerabilities; and the country was paying a huge cost of about USD9.8 billion per year because of disasters. Climate change and various other topographic and demographic factors were increasing the threat to natural disaster; and also, disaster-related consequences. Therefore, there was an urgent need for judicious measures to combat the related damages which could hamper the country's future growth potential. Experts were proposing the usage of IoT for effective disaster management. They believed that IoT would be a disruptive technology helping India to transcend from 'relief and recovery' based model of disaster management to 'risk and vulnerability assessment' model. They insisted that IoT could bring about a paradigm shift in India's disaster management. Given the vastness of the country and the diverse nature of threat, would technology be able to address India's disaster management challenges?
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Location:
Other setting(s):
2018