New Delhi: Reliance Industries President Mukesh Ambani said on Thursday that as the world moves towards the Fourth Industrial Revolution, India has the opportunity not only to catch up with leaders, but to emerge as a world leader.
While speaking at TM Forum’s Digital Transformation World Series 2020 virtual conference, Ambani said that India missed the first two industrial revolutions and the changes brought about by them.
“During the Third Industrial Revolution, where information technology rose to prominence, India joined the race, but still lagged 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, ”said the richest Indian.
The three fundamental requirements needed to participate in this revolution are ultra-high-speed connectivity, affordable smart devices and transformative digital applications and solutions, which Jio aims to facilitate, he said.
“Before Jio, India was stuck with 2G technology and Jio wanted to end India’s data misery and unleash a digital revolution. We created a world-class, all-IP, future-proof digital network that delivers the fastest speeds. and the best coverage across India. While it took the Indian telecom industry 25 years to build its 2G network, Jio built its 4G network in just three years. And to ensure widespread adoption of data, we launched with the World’s lowest data rates and we made voice services completely free for Jio users, “Ambani said of RIL’s telecommunications division, which has attracted more than $ 20 billion in investments.
“Before Jio, more than 500 million Indians were left out of the digital movement because they could not afford smartphones and had to settle for phones with 2G features. Our young and talented Jio engineers took up the challenge of designing the ultra-affordable breakthrough. device called JioPhone. That provided a window to the world of unlimited possibilities for more than 100 million Indians in less than a year, “Ambani further said.
“By adding clients at an astonishing rate of seven clients per second, Jio gained 100 million clients in just 170 days after launch. And India’s monthly consumption increased from 200 million GB to 1.2 billion GB, a growth of 600 % and data consumption has multiplied since then, “said Ambani
He said that India today consumes more than 6 exabytes of data every month, more than 30 times pre-Jio levels, just four years ago and that four years from now India is only four years old.
Ambani said that Jio is now rolling out a high-speed, low-latency fiber optic network to more than 50 million homes and premises in 2,000 towns and cities in India and is simultaneously preparing to roll out 5G services across India.
And Jio Platforms, our digital solutions arm with its growing portfolio of more than 20 startups, has developed significant capabilities in areas such as Cloud and Edge Computing, Big Data Analytics, AI and Machine Learning, Blockchain, AR / VR, and IoT.
Jio Platforms is in the process of creating compelling solutions for multiple industry verticals and ecosystems spanning telecommunications, media and entertainment, new commerce, financial services, education, healthcare, and agriculture.
“We believe they will have a transformative effect on India’s full, economic and social development. This is just the beginning for India. Each of these solutions, once perfected in India and tested at the Indian scale, will be fine. positioned to address similar needs in other parts of the world, “Ambani said.
“The Fourth Industrial Revolution has presented us with a unique opportunity to create unprecedented value and prosperity for all in all spheres of life. We must invest in building next-generation technology assets,” Ambani said.
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