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