36 C
Thursday, July 9, 2020

‘RIL expanded in every conceivable technology trend’

- Advertisement -

'RIL expanded in every conceivable technology trend'Mumbai, May 28 (IANS) Reliance Industries (RIL) has expanded its horizon in every conceivable technology trend and the investments made by the company are bridging the gap between physical and digital footprints through next generation computing platforms, according to an Axis Capital report.

“The company has both built and acquired portfolio of platforms in Artificial Intelligence, Natural Language Processing, NB-IoT, Edge Computing, AR/VR & Mixed Reality etc. We believe these platforms would not only generate additional revenue streams in future but also provide a tech-backbone to differentiate various product suite with significant cost advantage,” it said.

On the recent investments into Jio Platforms, the Axis Capital report said that Facebook”s strategic investment in Jio Platforms has introduced a new dimension to the market opportunity.

“We believe marquee investors (Silver Lake, Vista, General Atlantic, KKR) see JPL as a unique consumer platform with distribution strength that can be leveraged across Connectivity, Commerce and Credit using technology prowess (Computing platform) to stay ahead of the curve. We expect the market opportunity to continue to attract best-in-class global investors,” it said.

The report noted that in less than half a decade of operations, Jio Platforms has managed to gain leadership position in both wireless and broadband services with a formidable infrastructure. The company has not only gained 38.8 crore subscribers with gain of 43 per cent AGR market share and 60 per cent share in data traffic, but also an ecosystem of platforms like TV, news, chat, wallet, cloud among others, it added.


Follow Us For Latest Updates -

India Updates
India Updates is an independent news & Information website. Follow us for regular updates on News and Information.

Related News


Please enter your comment!
Please enter your name here

Trending Topics

Covid 19 India Updates

Chinese, Indian troops taken ‘effective measures’ to disengage: China

Beijing, July 9 (PTI) China on Thursday said Chinese and Indian troops have taken "effective measures" to disengage at the Galwan Valley and other...

Trending Right Now

Yes Bank’s Rs 15K cr further public offering opens on July 15

Mumbai, July 9 (IANS) Yes Bank has filed a red herring prospectus for its further public offering (FPO) to raise up to Rs 15,000...