Data is the new oil, says Mukesh Ambani
Reliance Industries Chairman Mukesh Ambani on Wednesday said the newly-launched Reliance Jio stands for "affordability" and that data is the new oil in the industry. "[D]ata is the new natural resource...and its benefit is immense to society. India with its young population will have a competitive advantage," he stated. Data is the oxygen of this digital life, he added.