Reliance Industries Ltd (RIL) chairman Mukesh Ambani said that data is a vital national resource and it will act as raw material for artificial intelligence (AI)-led development.
As per him, India will have an advantage over its peers in the future due to its enormous digital capital.
“In the past, nations have competed on physical capital, financial capital, human capital and intellectual capital. But, in the coming decades, nations will increasingly compete on digital capital,” Ambani said at Raise 2020 Summit on Monday.
He further said that, “We are confident that the government will introduce some data regulation framework to protect this national resource and ensure data privacy.”
“India has delivered 4G broadband coverage… We have gone from 155th in the world to number one in mobile data consumption. With 5G around the corner, India will maintain its leadership position,” Mukesh Ambani said.