According to the two companies “the Indian market has the perfect eco-system to fully exploit the benefits of the Internet of Things,” and there is an urgent need for such solutions to manage high public usage as well as commercial services, which includes a diverse set of consumers as well as enterprises.
"The combination of Reliance Group’s vast vertical market expertise, Unlimit's innovated business approaches and Cumulocity’s world-leading IoT software platform allows the fast-evolving Indian market to step up to rapidly build, secure and deploy state-of-the-art IoT solutions in an extremely cost efficient way," said Cumulocity’s CEO Bernd Gross.
Many recent reports suggest that IoT in India will grow at a CAGR of 28 percent over the next 5 years, which may result in technological leapfrogging of more established economies.
“With the number of connected devices in India projected to rise from 200 million today to 3 billion by 2020, nearly every part of the economy will be positively impacted by IoT. We are delighted to partner with Cumulocity to unlock the full potential of IoT for our customers and make the benefits of IoT virtually UNLIMITed,” said Juergen Hase, Chief Executive Officer of Unlimit.
As part of the strategic partnership, their combined offering will enable Unlimit’s customers to benefit from the Cumulocity’s collection of rapid machine, sensor and device integration coupled with data collection and normalisation tools.
The German company also offers users with tools for predictive maintenance and supply chain automation along with device management and remote control through configurable real-time dashboards. Thus, this creates a pipeline for the fast and affordable enterprise IT integration of IoT solutions.