Reliance Industries Ltd.

Reliance Industries (RIL) has inked a global partnership agreement with GE in the Industrial IOT (IIOT) space whereby RIL and GE will work together to build out 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 & gas, fertilizer, power, healthcare, telecom and other 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. The benefits to customers include driving operational efficiencies, profitability and new revenue streams by making use of data and analytics.

RIL is an India-based private sector company, with business in energy and materials value chain and in retail and digital services. The company operates in four segments: refining, petrochemicals, oil & gas and organized retail. The refining segment includes production and marketing operations of the petroleum products.