Mukesh Ambani urges India not to miss bus in the fourth industrial revolution, says data is our oil

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On Wednesday, at the first India Mobile Congress, Mukesh Ambani, Chairman of Reliance Industries Limited, urged executives from various technology companies in India and the government to work closely together in order to open avenues for making investment in new ideas.

The richest man in India made his crucial remark, as the country heads successfully into the new digital age.

Ambani continued addressing a crowd of approximately 1000 executives, on how India missed cashing in on the first three industrial revolutions. However, he affirmed that we are well positioned to take advantage of it for the fourth industrial revolution – which involves data, as reported by NDTVs tech venture, Gadgets360°.

He quoted, “Data and a device to consume it will be the weapon to help Indians embrace the digital age.” “Data is the new oil. India does not need to import it. We have it in super abundance. As an industry, we have the urgent task of employing 1.3 billion people with the tools. Data is the [new] oxygen.”

Ambani’s brainchild, telecom operator Reliance Jio, has successfully gained more than 100 million subscribers in less than a year.  He added, “We have to provide ubiquitous, high speed internet data at affordable prices. We also have to ensure that every Indian has access to affordable smartphone.”

Ambani, attributed Sunil Mittal, who runs a rival telecom brand Airtel, as a friend, and said the country has already shown the world its potential by leapfrogging from the 150th position in mobile broadband consumption to number one in the span of less than a year. Now, the companies should attempt to guide Indians to play strong in other fields as well, he said.

Adding further, he said, “If we give Indians the right tool, they will transform India into the home of a million startups.” “But that’s not all. We need to invest in new ideas from people. Our human capital is our greatest asset. Digital technology can be a boon for everyone, especially people in villages,” he concluded.

The India Mobile Congress is an exhibition cum conclave that will bring together all global stakeholders at one place in India on mobility and technology. The conference programme revolves around in-depth coverage of the current and future mobile industry, highlighting specific areas of growth as well as the latest technological developments, next generation services and growth strategies. The Awards at the exhibition recognize innovations and initiatives that have helped transform the ICT ecosystem encouraging Start-Ups, SMEs and major industry players.

The three day exhibition being held in New Delhi between 27th-29th September, features more than 300 companies & entities spread over 15,000 square metres of area in multiple halls and numerous outdoor spaces.

The exhibition will be attended by other notable guests such as Ravi Shankar Prasad – Minister of Law & Justice, Electronics & Information Technology of India, Chandrababu Naidu – Chief Minister of Andhra Pradesh, Kumar Mangalam Birla – Chairman, Aditya Birla Group & Idea Cellular, Sunil Mittal – Founder & Chairman Bharti Enterprises and many more industry stalwarts.

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