Reliance Group’s Unlimit — an Internet of Things (IoT) venture for enterprises — and tech giant IBM on Monday announced a collaboration to co-create IoT solutions for industry verticals, including automotive, insurance, utilities and industrial automation.
The two companies are developing IoT solutions for implementation across Reliance Group companies, addressing key segments such as user-based insurance (Reliance general insurance), asset and vehicle tracking (Reliance commercial finance), tower monitoring (Reliance communications) and transformer maintenance (BSES & Reliance energy).
“With 2.7 billion connected devices and growing, Indian economy, enterprises and consumers are embracing IoT at a rampant pace,” Harriet Green, General Manager, Watson IoT, Customer Engagement and Education, IBM, told reporters at the first-ever IBM ‘Genius of Things (GoT)’ summit.
As part of the collaboration, IBM will provide its Watson IoT Platform to collect and connect data, including sensor data, from devices and provide use-case specific dashboards.
Unlimit will design IoT use cases for various industries in the Indian market and build them on the IBM Watson IoT Platform, which provides device registration, IoT rules, advanced analytics, visualisation, reports and cognitive capabilities for each use case.
As a result, rather than approaching businesses on one-by-one basis, Unlimit will provide customers with access to these capabilities so that they can leverage IoT-driven insights and information for business decisions, create new product offerings and revenue streams.
The Unlimit IoT platform aired at the enterprise users was launched in April this year. Unlimit aims to provide a common platform for vertical industries such as automation, healthcare, agriculture, financial services and asset tracking.
By Baishakhi Dutta
