GE & RIL partners for Industrial Internet of Things to address $25 billion market

Internet of Things

Internet of things (IoT) is becoming omnipresent, touching down every corner of our lives.

GE CEO Jeff Immelt with RIL Chairman and Managing Director Mukesh Ambani
GE CEO Jeff Immelt with RIL Chairman and Managing Director Mukesh Ambani

With Industry and technology innovators, we can see a sensible future especially in terms of saving resources. General Electric (GE) & Reliance Industries Limited (RIL) are partnering to serve a market that values around $25 billion, with their Industrial Internet of Things (IIoT) solutions, which comprises of oil and gas, fertiliser, power, healthcare, telecom and many other trades. To materialise this partnership, GE is providing its Predix platform and RIL will develop solutions on Predix as an independent software vendor.

At the outset of this news, Mukesh Ambani, the chairman and managing director of RIL said “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”.

The mention of sensor technology, triggers another thought provoking idea, which will soon become reality. As we already know, that, IoT is the infrastructure made of smart devices for exchanging data, which helps in enabling the direct assimilation of the material world into virtual system. For instance, as stated in an article by PTI on The Economic Times “With IoT, street lights will automatically go off when they sense no traffic on the roads and consequently, save power. Another application could be a smart band that will automatically alert a physician when body vitals go to abnormal levels.”

At this, being an Indian citizen, I am taking the opportunity to think aloud that the RP – Sanjiv Goenka Group could benefit to a great extent from their power supply enterprises, should they join hands with the solutions based out of this GE – RIL partnership.

For more information, check this link: goo.gl/ddQvQ0

 

Bibliography:

RIL, GE partner for digital solutions for industrial use

Internet of things market to touch $15 billion in India by 2020: Report 

GE Predix

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