Reliance Industries Limited (RIL) and US-based GE on Thursday signed a global partnership agreement in the industrial Internet of Things (IoT) space to work together to build applications for GE’s Predix platform. Industrial IoT essentially uses the connected-devices technologies in manufacturing. The partnership between RIL and GE will provide industrial IoT solutions to customers in industries such as oil and gas, fertilizers, power, healthcare and telecom. “The partnership with Reliance Industries will shape the future of the industrial internet not just in India but globally. The possibilities that it opens to develop solutions on our Predix platform for the industrial sector are endless,” said Jeff Immelt, chairman and chief executive of GE.

Source: Mint November 17, 2016 18:50 UTC