Data is the oxygen for a digital economy: Mukesh Ambani
ET Bureau|
Updated: Sep 27, 2017, 01.45 PM IST
NEW DELHI: Reliance Industries Chairman and Manging Director Mukesh Ambani said that telecom and IT sectors will have to play foundation role in creating digital infrastructure, which will help the Indian economy to grow $2.5 trillion to over $7 trillion a year in next 10 years.
Ambani said that data is the new oil, which India doesn’t need to import. "We have it in super abundance. It will be a source of value and will create opportunities and prosperity for India and Indians," he added
"Data is the oxygen for a digital economy. We cannot deprive Indians of this vital life sustaining resource. We have to provide ubiquitous access to high speed data at affordable price and at the same time we have to ensure that every Indian has access to affordable smartphone that connects them to limitless knowledge and the power of the internet," Ambani said.
India, according to Ambani, has the opportunity to lead the fourth industrial revolution, fuelled by connectivity, data and artificial intelligence. "As an industry, we have urgent task of empowering 1.3 bn Indians with tools needed to flourish in the digital market place," he added.
Mobile internet and cloud computing are the foundation technologies of the fourth industrial revolution, he said.
"We have to provide ubiquitous access to high speed data at affordable price and at the same time we have to ensure that every Indian has access to affordable smartphone that connects them to limitless knowledge and the power of the internet," Ambani said.
"Young Indians who account for 63% of nation’s population have the competence to build new digital businesses," he added.
Ambani said that Indian mobile market is overflowing with data, and the entire industry has worked to create robust a digital circulatory system to carry data to each one of 1.3 billion Indians, including those living in remotest village.
4G coverage in India will become larger in within the next 12 months, he said, adding that there is an urgent need to apply revolutionary powers of digital technologies to India’s pressing needs and challenges.
"We must foster confidence in the society. New technologies such as artificial intelligence, robotics, IoT, cloud computing, big data analytics, 3D printing, blockchain, nano tech. are enablers of employment and wealth for all," Ambani said.
Ambani said that data is the new oil, which India doesn’t need to import. "We have it in super abundance. It will be a source of value and will create opportunities and prosperity for India and Indians," he added
"Data is the oxygen for a digital economy. We cannot deprive Indians of this vital life sustaining resource. We have to provide ubiquitous access to high speed data at affordable price and at the same time we have to ensure that every Indian has access to affordable smartphone that connects them to limitless knowledge and the power of the internet," Ambani said.
India, according to Ambani, has the opportunity to lead the fourth industrial revolution, fuelled by connectivity, data and artificial intelligence. "As an industry, we have urgent task of empowering 1.3 bn Indians with tools needed to flourish in the digital market place," he added.
Mobile internet and cloud computing are the foundation technologies of the fourth industrial revolution, he said.
"We have to provide ubiquitous access to high speed data at affordable price and at the same time we have to ensure that every Indian has access to affordable smartphone that connects them to limitless knowledge and the power of the internet," Ambani said.
"Young Indians who account for 63% of nation’s population have the competence to build new digital businesses," he added.
Ambani said that Indian mobile market is overflowing with data, and the entire industry has worked to create robust a digital circulatory system to carry data to each one of 1.3 billion Indians, including those living in remotest village.
4G coverage in India will become larger in within the next 12 months, he said, adding that there is an urgent need to apply revolutionary powers of digital technologies to India’s pressing needs and challenges.
"We must foster confidence in the society. New technologies such as artificial intelligence, robotics, IoT, cloud computing, big data analytics, 3D printing, blockchain, nano tech. are enablers of employment and wealth for all," Ambani said.
