The collaboration will let it use IBM’s Watson IoT Platform to build advanced solutions for enterprises.
In an announcement on Monday, September 18, Reliance Group’s UNLIMIT and IBM stated that they had entered a strategic partnership to combine UNLIMIT’s industry-specific Internet of Things (IoT) solutions with IBM’s IoT capabilities to develop IoT solutions for several industries like automotive, insurance, utilities, and industrial automation. One of the solutions will include an ‘asset tracking solution’ which will allow insurance companies to track cargo in real-time to reduce the cost of damage to goods from tampering.
Additionally, the two companies are also working together to create IoT solutions to be deployed in the Reliance Group companies to tackle key areas like User Based Insurance (Reliance General Insurance), Asset and Vehicle Tracking (Reliance Commercial Finance), Tower Monitoring (Reliance Communications) and Transformer Maintenance (BSES and Reliance Energy). UNLIMIT will also gain access to IBM’s global ecosystem of partners through the collaboration.
Juergen Hase, CEO of UNLIMIT echoed the company’s joy in being able to use the collaboration to provide a flexible, scalable and secure solution to enterprises, utilising its powerful technology platform running on IBM’s Watson IoT. Harriet Green, General Manager at Watson IoT, Customer Engagement and Education, IBM stated that the rapidly growing IoT wave in India has already seen the majority of enterprises and consumers taking to it, with more than 2.7 billion connected devices currently in operation, making the potential of the technology unimaginably vast.
As part of the collaboration, IBM will let UNLIMIT use its Watson IoT Platform to collect and connect sensor data from devices and provide dashboards catering to specific use-cases for various industries in the Indian market, including device registration, IoT rules, advanced analytics, visualization, dashboards, reports, cognitive capabilities, and more.