Democratised data will help unleash the next phase of economic growth, believes Mukesh Ambani, and he is pulling out all the stops to make this digital-age currency affordable and available to every Indian
Data is the new oil: When Mukesh Ambani, chairman of Reliance Industries Ltd (RIL), made that statement at the Nasscom India Leadership Forum in February 2017, what he meant was that, simply put, data has the same power to fuel human capabilities which oil has had over the last five decades. He should know: Ambani is, after all, the leader of India’s largest company by turnover, which has generated billions of dollars in wealth over the years by refining crude and manufacturing petroleum products.
At the same forum, Ambani also said it was only four years ago that he “truly understood the true meaning of the term exponential”, adding, “I believe we are on the verge of exponential change, where we have the opportunity to solve large problems in a short span of time.”
Few would have imagined how the key themes of Ambani’s talk—data and exponential change—could come together to change the paradigm of India’s telecommunications industry and alter the way in which Indians consume data. Yet, over the last one year—since Reliance Jio Infocomm (Jio), RIL’s broadband wireless and digital services company commenced operations—that is exactly what has happened.
It took Jio a while to get to this point.
Denne historien er fra December 29, 2017-utgaven av Forbes India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 29, 2017-utgaven av Forbes India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Home-Cooked Meal Is Now Greatly Valued
The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients
Paytm 3.0 - Reaching Near Breakeven In Two Years
As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term
DIGITALISATION WILL HELP IN VALUE CREATION
As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India
Industry 4.0: Climate Revolution?
Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent
EV Dream Still Miles Away
Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure
Living Waters
A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of life’s breath on this planet
