IMC 2017: Data is the new oil and together we can achieve unimaginable says Mukesh Ambani

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India Mobile Congress, India’s first and biggest platform ever, connecting Mobile, Telecom and Internet is being held in New Delhi from September 27 to 29. The three-day event was inaugurated by Minister of State (Independent Charge) Communications, Manoj Sinha. Also, several government officials and top executives from telecom industry converged at the India Mobile Congress. Reliance Industries Chairman, Mukesh Ambani addressed the audience at the inaugural edition of India Mobile Congress focusing on key areas and highlights of the event.

Mukesh Ambani, India’s richest man, delivered a keynote speech stating “India is one of the biggest telecom and digital markets in the world. IMC will soon become a must attend global event. India has leapfrogged from a lowly 155th in Mobile Broadband penetration to being the world’s largest mobile data consuming nation in just one year. The pace at which the Indian mobile industry has grown is unparalleled in the world.”

He further added “In the next 10 years, India will grow from a $2.5 trillion economy to a $7 trillion economy and rank among the top three economies in the world. To make this happen, the Indian telecom and IT industry has to play a foundational role in creating the digital infrastructure.”

India missed on first three global Industrial revolutions – namely mechanization, mass production and automation. 

The Fourth Industrial Revolution, fueled by connectivity, data and Artificial Intelligence has begun. India now has the opportunity to lead the Fourth Industrial Revolution.

Mobile Internet and cloud computing are the foundational technologies in the Fourth Industrial Revolution. “Data is the new oil, India does not need to import it. We have it in super-abundance, he added.

Data is the oxygen of 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 prices. At the same time, we have to ensure that every Indian has access to an affordable smartphone that connects him to limitless knowledge and the power of the Internet. 4G coverage in India will become larger than the 2G coverage within the next 12 months.

He also conveyed THREE must-do tasks for the consideration of both the government and our industry.

One: We must explore and implement innovative ideas to generate employment, self-employment and income-generation opportunities for millions of Indian youth. 

Two: Digital technologies can be a boon for achieving our national priorities of energy security, water security, and resource security.  

Three: Our nation’s human capital is our greatest asset. Therefore, digitalisation of education, training and human resource development in a comprehensive manner must be regarded as a precondition for the success of Digital India.  

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