Unlimit, the IoT (Internet of Things) business venture of Anil Ambani-promoted Reliance Group, has tied up with Cumulocity, a IoT software provider, to launch new products and services.

Enablement will allow businesses to connect any device over any network, and manage and store asset data, by controlling them in real-time by monitoring device availability and administer and rectify device faults.

Enterprises can use Enablement to compose their own IoT app in minutes. Clients can use “smart rules” wizard to spot operationally critical states. For instance, clients can ask “Send me a message with the fault details if a machine fault can’t be automatically resolved in 60 minutes”.

The newly launched product line will showcase off-the-shelf applications for key verticals such as industrial automation, healthcare, financial services and asset tracking, and can be used across the globe and/or tailored to suit the unique demands of the Indian market.

The number of connected devices in India is projected to rise from 200 million today to 3 billion by 2020.

“We are delighted to partner with Cumulocity to launch our new platform ‘Enablement’ and unlock the full potential of the Internet of Things for our customers and make the benefits of IoT virtually UNLIMITed,” said Juergen Hase, chief executive officer of Unlimit.

The combined offering will enable Unlimit’s customers to benefit from rapid machine, sensor and device integration, as well as data collection and real-time analytics for condition monitoring. It offers predictive maintenance and supply chain automation, device management and remote control, vertical application configuration of real-time dashboards and fast and affordable enterprise IT integration.

Recent analyst reports predict that IoT will grow at a CAGR of 28 percent over the next 5 years. Early benefits are anticipated in many sectors such as transport, wellness, healthcare, buildings, homes, factories, agriculture, livestock, electric grids and water supply networks.

“The Enablement platform and its customized products provides end customers in many specialist vertical markets with the tools to easily embed IoT into their business, rapidly exploit the benefits and continuously evolve to their demands and desires,” said Bernd Gross, chief executive officer of Cumulocity.