1. RIL and GE form global partnership for IoT business

RIL and GE form global partnership for IoT business

Reliance Industries Limited (RIL) and GE on Thursday announced a global partnership in the industrial internet of things (IIOT) space, the firms would work together to build out joint applications on GE’s Predix platform.

By: | New Delhi | Published: November 18, 2016 6:25 AM

Reliance Industries Limited (RIL) and GE on Thursday announced a global partnership in the industrial internet of things (IIOT) space, the firms would work together to build out joint applications on GE’s Predix platform.The partnership would provide industrial IOT solutions to customers in oil & gas, fertilizer, power, healthcare, telecom and other industries, RIL said in a statement. GE will provide its Predix cloud offering, industrial internet applications and data science expertise.

The Mukesh Ambani firm will develop solutions on Predix as an independent software vendor (ISV) in addition to offering nationwide connectivity infrastructure to customers through a 4G network powered by Jio.

GE would offer the security, availability and monitoring aspects of the platform to RIL and its customers. The potential for other revenue streams includes telecom, healthcare and agriculture.

“India’s potential in driving the migration to digital is well appreciated. The partnership with RIL will shape the future of the Industrial Internet not just in India but globally. The possibilities that it opens to develop solutions on our Predix platform for the industrial sector are endless,” said Jeff Immelt, chairman and CEO of GE.

“India needs to rapidly move to the next level of smart manufacturing which leverages big data, algorithms, and sensor technology. The presence of ubiquitous high bandwidth connectivity and cloud services enabled by Jio will be a key enabler for the rapid growth of IIOT within India. Indians have been in the forefront of creating smart and innovative solutions in a number of fields. It’s time we brought smart manufacturing capability into India by providing value added IIOT solutions for the industry that will enable India’s economic growth,” said Mukesh Ambani, chairman and managing director, RIL.

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