Magnetic induction heating of optical fibers packaged with a steel plate is studied using a fiber Bragg grating. The dependence on the induced wavelength shift with magnetic field is obtained for a commercially available induction heater. More than a 300°C temperature rise is observed within seconds. The potential of magnetic induction as an efficient and rapid means of modulating devices and as a novel approach to potential optical based magnetic field and current sensing is proposed and discussed. The extension of the ideas into micro and nanophotonics is described.