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Reliance Industries sign Global Partnership Agreement with GE for industrial IoT

Reliance Industries and GE on Thursday announced the signing of a global partnership agreement in the Industrial Internet of Things (IIOT) space whereby the two will work together to build joint applications on GE’s Predix platform.
●    The first-of-its-kind partnership marks the coming together of two of the world’s largest industrial conglomerates to provide Industrial IOT solutions to customers in oil and gas, fertiliser, power, healthcare, telecom and other industries. 
●    The agreement was signed in the presence of Jeff Immelt, Chairman and CEO, GE, and Mukesh Ambani, Chairman and Managing Director, Reliance Industries.
●    GE will provide its Predix cloud offering, Industrial Internet applications and data science expertise. 
●    RIL will develop solutions on Predix as an Independent Software Vendor (ISV), bringing to bear its over 30 years of data, process and operational expertise.
●    RIL will also offer 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.