India Will Play A Leading Role In Fourth Industrial Revolution Mukesh Ambani By CIOReviewIndia Team

India Will Play A Leading Role In Fourth Industrial Revolution Mukesh Ambani

CIOReviewIndia Team | Thursday, 08 October 2020, 13:08 IST

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mukeshambaniThe chairman of the industry giant Reliance Industries, Mukesh Ambani, stated that the world is marching towards the Fourth Industrial Revolution, where India has the opportunity to establish itself as a powerhouse alongside other countries.

Mukesh Ambani, at the TM Forum’s Digital Transformation World Series 2020 virtual conference, said, “India missed out on the first two industrial revolutions and the changes brought about by them. During the Third Industrial Revolution, where information technology came to prominence, India joined the race but still remained behind, trying to catch up with the leaders. The Fourth Industrial Revolution is driven by the convergence of digital and physical technologies such as digital connectivity, Cloud and Edge computing, IoT and smart devices, artificial intelligence, robotics, blockchain, AR/VR and genomics.”

He added that the three foundational requisites for participating in this revolution are – ultra-high-speed connectivity, affordable smart devices and transformational digital applications/solutions. These all are provided by Jio he said.

Ambani’s RIL telecom wing has bagged $20+ billion in investments, and he says, "Before Jio, India was stuck with 2G technology and Jio wanted to end India’s data misery and unleash a digital revolution. We built a world-class, all-IP, future-proof digital network that delivers the highest speeds and the best coverage across India. While it took 25 years for the Indian telecom industry to build its 2G network, Jio built its 4G network only in three years. And to ensure widespread adoption of data, we launched with the lowest data tariffs in the world and made voice services completely free for Jio users.”

He also explained, "Before Jio over half a billion Indians were left out of the digital movement because they couldn’t afford smartphones and had to make do with 2G feature phones. Our young and talented Jio engineers rose to the challenge of designing the world’s ultra-affordable breakthrough device called the JioPhone. That provided a window to the world of limitless possibilities for over 100 million Indians in less than a year.”

Adding to this, he said, “Adding customers at a mind-boggling rate of seven customers every second, Jio garnered 100 million customers in just 170 days of its launch. And India’s monthly consumption went up from 0.2 billion GB to 1.2 billion GB a growth of 600%and data consumption has been multiplying ever since.”

Ambani expressed that India presently consumes 6+ exabytes of data per month, which is more than 30 times what it was before Jio.

He elucidated that Jio is now featuring a high-speed, low-latency optic fiber network for 50+ million homes and premises in 2000+ towns and cities in India and also featuring out 5G services in India.

He said: “Jio Platforms, our digital solutions arm with its growing portfolio of over 20 start-ups has built significant capabilities in areas like Cloud and Edge Computing, Big Data Analytics, AI & Machine Learning, Blockchain, AR/ VR and IoT. We believe that these will have a transformative effect on the social, economic and full development of India. This is just the beginning for India. Each of these solutions, once perfected in India and proven at India-scale will be well-positioned to address similar needs in other parts of the world.”

Ambani concluded by saying that the Fourth Industrial Revolution has bestowed India a unique opportunity for creating impact with value and prosperity for everyone in their respective lives. He said, “We must invest in building next-generation technology assets.”

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