The tie-up will provide solutions to the upcoming smart cities, making electricity distribution grids smarter for public safety and on the healthcare front.
The return on investment through the implementation of IoT solutions, which can be loosely described as a network of inter-connected devices that can be accessed through the Internet, is "HUGE".
For instance, with IoT, street lights will automatically go off when they sense no traffic on the roads and consequently save power.
Another application could be a smart band that will automatically alert physician when body vitals go to abnormal levels.
The deployment of the solutions will not always be "captive", that is within the group companies, and will also be rolled out commercially.
The system works on a revenue share between the two partners, with the partnership, all the five critical components needed for IoT, including data centres, connectivity, local networks connecting sensors, analytics and sensors are now in place.
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