Describing data as the "new oil", Infosys co-founder Nandan Nilekani today said India has a chance to build a completely new paradigm as he made a strong pitch for democratising data so that it is available to everybody and not just a few organisations.
"Data has become the new oil. Just like oil was the basis for transformation of the 20th century, data is the basis for 21st century.
"But it is very important that if data is the new oil, then data is democratised (and) that data is available to everybody to use," Nilekani said in his address at the 54th convocation of Indian Institute of Technology, Madras (IIT-M).
What kind of policies the country has on data is very important and it has to be made sure that all this "massive data that is going to get created is not just in a few pockets of organisations but everybody has access to that", he noted.
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Data has become the new oil, says Nandan Nilekani
"Data has become the new oil. Just like oil was the basis for transformation of the 20th century, data is the basis for 21st century.
"But it is very important that if data is the new oil, then data is democratised (and) that data is available to everybody to use," Nilekani said in his address at the 54th convocation of Indian Institute of Technology, Madras (IIT-M).
What kind of policies the country has on data is very important and it has to be made sure that all this "massive data that is going to get created is not just in a few pockets of organisations but everybody has access to that", he noted.
Read more at:
Data has become the new oil, says Nandan Nilekani
