Reliance Industries is gearing up to enter the software services business and plans to take on India’s IT giants, as the energy-to-telecom conglomerate taps the growing potential of the industrial internet.
As a first step, RIL has tied up with General Electric’s industrial-internet-of-things platform Predix and will create applications for itself and then sell those applications to other companies. “We will be gradually evolving into a software and services firm. Jio is the foundation on which all of this will be leveraged and we will be building up on that. This is a venture that is evolving. GE and Reliance are trying to size up the scale of this,” Manoj Chouthai, chief technology officer at Reliance, told ET. The company will use Predix internally – first in oil-and-gas and then in its retail, telecom and healthcare businesses.