NewsUpdate

The Reliance Jio agreement may generate $1 billion in revenue for Google Cloud

As it prepares to compete with Amazon Web Services (AWS) and Microsoft Azure, the relationship will be one of the most profitable for the technological giant. From its partnership with Reliance Jio Infocomm Ltd, Google Cloud may generate more than $1 billion in revenue.

While neither the financial specifics nor the timetable for the Jio-Google Cloud partnership has been revealed, Deutsche Bank, which is one of the company’s largest cloud partnerships, analysts are comparing their relationship to Google’s contract.

Ray Wang, founder of Constellation Research, Inc said, “The goal is to build a modern and AI-driven transformation platform that’s much needed at Reliance to power its digital ambitions. Think of this as a multi-billion-dollar extension of the original $4.5-billion investment.”

It should be remembered that Google, which is controlled by Alphabet Inc., put aside $10 billion for investments in India, beginning with the purchase of a 7.73 percent share in Mukesh Ambani’s Jio Platforms for $4.5 billion.

According to a study, the purchase will be among Google’s largest cloud deals, according to Tom Reuner, SVP, HFS Research. He went on to say that Google’s investment in Reliance and the deal it won demonstrate the two firms’ deep collaboration across their many industries.

Areas such as cloud migration of legacy Reliance companies like JioMart and Retail are also covered, it’s not only limited to 5G collaboration. Also the development of apps using Edge Computing, according to the article.

The agreement would aid Reliance in anticipating customer journeys, modernizing processes, and cross-selling and upselling consumers throughout the whole ecosystem, according to Naveen Mishra, Research Director Analyst at Gartner.

He said that the initial phase of the application will be 5G AND JioMart since they both require a lot of technology.

Sanskriti

Sanskriti loves technology and ensures to make TheDigitalHacker audience aware of the latest trends, updates, and data breaches.
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