Data is oxygen of digital life: Mukesh Ambani

We are just at the doorstep of fourth industrial revolution, which is convergence of physical, digital and biological sciences, said Ambani

GN Bureau | February 16, 2017


#Reliance   #Digital India   #Mukesh Ambani   #Jio  


Every Indian has a right to live life to his full potential and digital will be a part of that in the coming years, said Reliance Industries chairman Mukesh Ambani.

 
Data is the oxygen of digital life and no Indian should have this oxygen in scarcity, quantity or not have the right quality or affordability, he added.
 
“We are just at the doorstep of fourth industrial revolution, which is convergence of physical, digital and biological sciences so when you have everything converging…. we have the opportunity to solve big problems in a short time and that is why I say that in the next 20 years human kind can achieve much more  than what we have achieved in the last 300 years,” said Ambani.
 
 
The business honcho said that it’s a very exciting time. 
 
“The convergence of all sciences has been brought about by connectivity and data. To my mind data is the new natural resource and fundamentally you have to have a lot of people to generate and use data and in that sense, India is naturally blessed with its 1.3 billion people. We are at the beginning of that era where ‘data is the new oil’ and when we bring all these converging technologies, the benefit that it brings to society is immense,” Ambani said at the Nasscom India Leadership Forum, 2017, in Mumbai.
 
Emphasizing that it is very important to be open, to have partnerships and no to be closed, he said: “That is the strength  of India. We should build on this strength and continue to be open. The world might want to build walls around, it is very important for us not to be influenced by that,  but to make sure we are always open  and connected. There will be issues with  security  and privacy ....if we are clear  of our end objective and  focus on  our goal of development and  improving  lives our  people….this  is the opportunity that we have…  we will overcome the issues of security which are always important.”
 
“Actually (US president Donald) Trump might be a blessing in disguise” Ambani said, adding that it will bring the focus on Indian talent.
 
Ambani said that  Jio stands for affordability, quality and quantity  for all Indians at all times. “With the response we got from Indians, we are overwhelmed. The concurrent action of the industry as a whole spurred by Jio, India can easily be among the top 10 countries in the world in broadband access.  With Jio we now have the world’s first network of all IP platform that covers over 95% Indians. The next  step is partnership. This has been a great journey for $260 billion.” 
 
 “The domestic market is huge and within that what the  Jio platform  offers and  what we expect to partner with the next generation is  to solve  problems for India , to improve life of our people. We have the opportunity to really make sure that we adapt the artificial intelligence, natural language processing and drones in terms of our own logistics .The opportunities are immense and we to have the infrastructure to do it in our own market and make India one of the biggest markets in the world.”
 
 
 

Comments

 

Other News

More tests, more oxygen: PM spells out focus

The expansion of the testing and treatment network and more availability of oxygen top the government’s priorities in combating the spread of Covid-19, prime minister Narendra Modi indicated on Tuesday. The PM chaired a video conference with the chief ministers of all states and UTs o

Now, mandatory Covid test to enter Maharashtra

From Wednesday, all passengers travelling to Maharashtra from the NCR of Delhi, Rajasthan, Gujarat and Goa – the four states with high numbers of Covid-19 infection in recent days – will have to compulsorily provide RT_PCR tests before boarding flights and trains.    

India’s active caseload remains below 5%, recovery rate remains above 93%

India’s present active caseload (4,43,486) is 4.85% of the total positive cases, and has been sustained below the 5% mark, the health ministry said in a bulletin Monday. The Recovery Rate continues to be above 93% as 93.68% of all cases have recovered as of date. In the 24 hours to Mon

Covid-19 too will be history one day: Dr. Harsh Vardhan

Covid-19 will soon be a “past episode”, Dr. Harsh Vardhan, minister for health and family welfare, has said, hoping that “vaccines available very soon, and the cases will significantly go down in the next few months”. “It is not the first one and definitely not

India’s reforms could support medium-term growth

The revival of the government’s reform agenda in response to the coronavirus pandemic shock has the potential to raise India’s medium-term growth rate, Fitch Ratings has said in a new analysis, while also taking note of downside pressures to growth and adding that it will take time to assess wh

Govt working towards resolving MSME issues through banking reforms: Patra

Acknowledging that much needs to be done in the banking sector, BJP national spokesperson Sambit Patra has said that the government was working on the nitty-gritties. “As far as the Indian banking system is concerned, a lot is still to be done and rest assured work is under progress. T



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter