IBM and Reliance's Unlimit join hands to develop IoT solutions for industries

MUMBAI, INDIA: Unlimit, a business venture of Reliance Group and IBM announced a strategic collaboration to co-create IoT solutions for specific industry verticals including automotive, insurance, utilities, and industrial automation.

As part of the collaboration, IBM will provide its Watson IoT Platform to collect and connect data, including sensor data, from devices and provide use- case specific dashboards. Unlimit will design IoT use cases for various industries in the Indian market and build them on the IBM Watson IoT Platform, which provides device registration, IoT rules, advanced analytics, visualization, dashboards, reports and cognitive capabilities for each use case.

Some potential use cases that clients can leverage include:

-For a user-based insurance solution, vehicle insurance companies will be able to improve profitability and overall business through enhanced pricing accuracy, retaining of profitable accounts and lowered claims processing, offering a more personalized experience to clients;

-With a vehicle tracking solution, car leasing companies will have a better visibility of their leased vehicles through GPS and sensor data to prevent fraud and reduce losses;

-For a tower monitoring solution, telecom tower companies will be able to reduce cost of maintenance of towers, fuel pilferage and site down time by having insight into tower health and operations. Instant alerts can be sent for issues that need immediate resolution.

As part of the partnership, Unlimit will provide connectivity management platform, design joint go-to-market initiatives and create an ecosystem for development of more use cases.

“We are elated to collaborate with IBM to unlock the true potential of IoT in India and bring value to our partners and customers. We are confident that our powerful technology platform, with Watson IoT at its core, will provide enterprises with a flexible, scalable and secure solution.’ said Juergen Hase, CEO, Unlimit.

"With 2.7 billion connected devices and growing, Indian economy, enterprises and consumers are embracing IoT at a rampant pace," said Harriet Green, General Manager, Watson IoT, Customer Engagement and Education, IBM. "Our collaboration with Unlimit is a significant example of IBM leading the global IoT movement with a growing ecosystem of clients and partners."

Unlimit and IBM are also developing IoT solutions for implementation across Reliance Group companies addressing key segments such as, User Based Insurance (Reliance General Insurance), Asset & Vehicle Tracking (Reliance Commercial Finance), Tower Monitoring (Reliance Communications) and Transformer Maintenance (BSES & Reliance Energy).

Going forward, all Reliance Group companies and Unlimit’s clients will have access to the IBM Watson IoT Platform capabilities via the IBM Cloud. As a result, rather than approaching businesses on a one-by-one basis, Unlimit will provide customers with access to these capabilities so that they can leverage IoT driven insights and information for business decisions, create new product offerings and create new revenue streams.