Reliance Industries Ltd chairman and managing director Mukesh Ambani on Wednesday said India's digital transformation is unmatched an unprecedented.
He said, "Over the next two decades, I can confidently say – that India shall be leading the world and shall contribute the next wave of global economic growth."
Ambani said India lagged during the first three industrial revolutions -- coal & steam, electricity & oil, and electronics and informational technology.The Fourth Industrial Revolution is now upon us, he said, adding, "It is marked by a fusion of technologies straddling the physical, digital and biological worlds. Data is the foundation of this revolution. This revolution
will be driven by data and will be defined by humanism. India is already generating significant quantum of data. I can say with confidence that India has a chance of not just participating in the Fourth Industrial Revolution, but also leading it."
Here are five major areas India needs to focus on and embrace in order to rise to its full potential, according to Ambani: First, we need to prepare ourselves for a period of information and digital abundance. All Indians will have access to massive computing on the cloud, and access to all information on the planet. Jio is determined to connect everyone and everything, everywhere – always at the highest quality and the most affordable price. Second, we need to adapt ourselves to the scorching pace of innovation and learn to collaborate on scale. All the new technologies are accelerating in speed, rate and power. You could be an expert in any one, but it's the convergence of two, three or four of these that's transforming existing ways of working. Which means, collaborations will become both a necessity and a requirement for success. You may have a brilliant idea that has the potential to disrupt an industry. We need to quickly transform the idea into a breakthrough innovation. And in order to do that, you have to master the art of
collaborating with your peers anywhere in the world. In the digital world, none of us is as smart as all of us put together.
Third, we have to shift from a system of time-bound education to a mode of continuous learning. Now, it is both possible and necessary to reorient education for the new kinds of productive and creative opportunities. We have to groom our children to be digitally-savvy right from school. Schools should train students in ‘the four C-s’– critical thinking, communication, collaboration and creativity. These are the skills required to build the foundation for a sustained leadership in the digital age for India. Within a single generation, we can empower and enrich our vast and young human resources to give India a competitive
edge in the world.
Fourth major task is closely linked to the third. It is to ensure that new and disruptive technologies create more employment opportunities than they take away. I have no doubt that they will. However, there is a lot of apprehension on this score. And these very apprehensions could resist or delay digital transformation of our societies. That would be a mistake. Therefore, governments, businesses and civil society organisations should put together an ecosystem for massive upskilling of our workforce. Significantly, most of the upskilling can happen on digital platforms.
And the Ambani said, "I can safely predict that, from now on, every new generation
fifth area of focus is in Data Ownership. In this new world, data is the new oil. And data is the new wealth. India’s data must be controlled and owned by Indian people ─ and not by corporates, especially global corporations. The Supreme Court of India has mandated that data privacy is sacrosanct. Therefore, for India to succeed in this data-driven revolution, necessary steps will have to be taken to migrate the control and ownership of Indian data back to India ─ in other words, Indian wealth back to India. Data colonisation is as bad as the previous forms of colonisation. Similarly, data freedom is as precious as the freedom we won in 1947. of Indians will live a better, longer and more-fulfilling life–than the previous generation. India must embrace this digital fourth industrial
revolution with a new mind-set to create a bright and prosperous future for our nation."
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