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Data is the new digital currency, says TRAI Chairman RS Sharma

Sharma was speaking at the 11th India Digital Summit of IAMAI. Industry leaders of the digital space agreed that constant change and innovations will be key for survival in the digital ecosystem

BestMediaInfo Bureau | Delhi | February 9, 2017

RS Sharma RS Sharma

Underlining the importance of data and the growth of internet economy, RS Sharma, Chairman, TRAI, said, “Today, data is the new digital currency. And in this world of digital currency, network neutrality is key to the success of digitisation.”

Sharma, who was speaking at the 11th India Digital Summit of IAMAI, also said, “Affordable, ubiquitous broadband internet is key for the overall success of digital India.”

Industry leaders of the digital space, speaking at the IAMAI’s 11th India Digital Summit, were unanimous in their opinion that accepting constant change and innovations will be key for survival in the digital ecosystem.

Speaking at the India Digital Summit, Sachin Bansal, Co-Founder, Flipkart, said, “With anti or rather select globalisation, there should be a level playing field for home grown start-ups in the internet space.” He further added, “Internet will drive the service sector and we are making a huge mistake by not recognising it as a key growth sector.”

The future of internet economy in India will be driven by data -- ability to identify and use big data. According to Hitesh Oberoi, Co-Promoter, MD & CEO, Info Edge India, “The internet economy is set to grow manifold. Companies will have to navigate through challenges of huge shift and advancement of technology.”

The speakers were of the view that artificial intelligence (AI) will be the driving force for internet economy in the near future.

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