Reliance Inustries chairman Mukesh Ambani, who is betting big on data-driven telecom with his Jio Infocomm, yesterday described the digital play sweeping the world as the fourth industrial revolution and said data is the “new oil”.
The foundation of the fourth industrial revolution is connectivity and data. Data is the new natural resource. We are at the beginning of an era where data is the new oil,” Ambani said at the opening day of 3-day Nasscom leadership forum here.
Salient feature of this revolution is “convergence of the physical biological and digital sciences” and “we are on the verge of an exponential change”, he said.
Predicting that India will be a key player in this revolution, Ambani said with “our large talent base, we will have a competitive advantage in this era.”
He expressed hope that Jio could help take India to top ten counties in terms of broadband access, from the low 155th position in 2015.
We really have to adopt next generation technologies. As a nation we have to be the capital of real implementation of blockchain. We have the opportunity to make sure we adopt artificial intelligence and natural language processing, adopt drones in our own logistics.