Data : The new gold

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About Event

PM Modi  addressed the grand “ Howdy , Modi ” event in Houstan , described data as the “ New gold ”. He also indicated that Indian was in a strong position to bad  the world in the industry 4.0 revolution , that relies on big data and analytics and digital technology to improve manufacturing Making strong pitch to potential investors in America , The PM also referred to the cheap cast of mobile data in India and referred  to the increasing use of digital technology to sat up business , facilitate economic transactions and interact with the government India . A strong foundation of data and tech making new data in India can drive growth , industrial revolution 4.0 and bring governance closer to those governed .

A new India build on a strong foundation of data and digital technology. Data in India can drive growth , industrial revolution 4.0 and bring governance closer to these  governed.

Making a strong pitch to potential investors in the US ; The prime minister also referred to the cheap cost of mobile data in India and referred  to the increasing use of digital technology to set up business , facilitate economic transactions and interact with the government .

“ Today it is said that data is the new oil . It is also added that data is the new gold . Industry 4.0 is focused  data , if there is one country in the world where data cheapest , them that is India.”

PM “ Digital India is Indian’s new face to the world.”

A study says that of UK – based price comparison website showed India provided mobile data at the lowest rates in the world . In INR terms , Indian paid Rs. 18 per GB of data against  global average of Rs. 600.

What is data ?

  1. Plain facts are data.
  2. Processed and organized in context, data becomes information.

Processed data :-   •  Helps decide objectives, design tasks, recruit talent.

  • Complete tasks.

Industrial revolution 4.0 :-

The 4th  industrial revolution ( I R 4.0 ) is a term that describes present technological age. It is the 4th industrial era since the inception of the initial industrial revolution of the 18th century . The key elements of the 4th revolution are the fusion of technologies manging from the physical digital to biological spheres. PM gave an institutional shape to the expression by launching the centre for 4th IR in India.

Characteristics of IR 4.0

  • It is characterized by a fusion of technologies that is blurring the lines between the physical , digital and biological spheres.
  • It brings together digital technology and the physical world to create a new range of products and services .
  • The possibilities of billions of people connected by mobile devices, with unprecedented processing power storage capacity and access to knowledge are unlimited.
  • It and these possibilities will be multiplied by emerging technology breakthrough in fields such as artificial intelligence , robotics the internet of things autonomous vehicles , 3 –D printing , nanotech. , biotech. , material science , energy storage and quantum computing.

Digital India:-

This  Campaign launched by the government of India in order to ensure the government’s services are made available to citizens electronically by improved online infrastructure and by increasing connectivity or by making the country digitally empowered   in the field of technology. The initiative includes the development of secure and stable digital infrastructure , delivering government services digitally and universal digital literacy.

Key projects:-

  1. Digilockers
  2. SBM Mobile app
  3. E – sign framework to enable citizens to digitally sign document online
  4. Online registration system launched under e – Hospital application
  5. Deity platform for large scale digitization of records.
  6. Deployement of wi – fi hotspots under BSNL.Achievements :-
    • Over 12,000 rural post office branches linked digitally common services centers grew to reach 3.76 lakh.
    • Bharat net has reached 1.29 lakh gram panchyats.
    • e – KYC launched to open bank accounts.
    • Total number of digital payments transaction at Rs. 332.34 G.
    • Electronics manufacturing has doubled.

    Digital economy:-

    Digital economy is defined as an economy that focuses on digital technologies  i.e. It is based on digital and computing technologies . It essentially covers all business, economic, social , cultural etc. Activities that are supported by the web and other digital communication technologies.

    There are three main components in this economy , namely

    1. e –business
    2. e – business infrastructure
    3. e – commerce