For Mukesh Ambani Right Team and Using Investors Money Carefully is a Path To Success
Reliance Industries chairman Mukesh Ambani, who is betting big on data-driven telecom with his Jio Infocomm, today 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."
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