MUMBAI: At the vast open-plan headquarters of Indian telecoms startup Jio, billionaire oil tycoon Mukesh Ambani stands in short sleeves beneath a digital tracker that logs every new subscriber to his service.
The 59-year-old is India's richest man, and his Reliance IndustriesBSE -0.73 % oil & gas group is the country's most profitable.
Now, though, he's betting at least $20 billion on building, from scratch, a national digital empire stretching from phones and hardware to home entertainment and custom-made apps.
The ambitious Jio project could make Reliance the most comprehensive provider of telecom and internet services across India - and give it unprecedented access to the country's untapped 'big data': how millions eat, shop and have fun.
"For Reliance... data is the new oil, and intelligent data is the new petrol," Ambani said in March, explaining his drive to move closer to India's consumers.
Reliance has said l ..
Read more at:
From big oil to big data: Inside Mukesh Ambani's $20-billion startup called Jio - The Economic Times
The 59-year-old is India's richest man, and his Reliance IndustriesBSE -0.73 % oil & gas group is the country's most profitable.
Now, though, he's betting at least $20 billion on building, from scratch, a national digital empire stretching from phones and hardware to home entertainment and custom-made apps.
The ambitious Jio project could make Reliance the most comprehensive provider of telecom and internet services across India - and give it unprecedented access to the country's untapped 'big data': how millions eat, shop and have fun.
"For Reliance... data is the new oil, and intelligent data is the new petrol," Ambani said in March, explaining his drive to move closer to India's consumers.
Reliance has said l ..
Read more at:
From big oil to big data: Inside Mukesh Ambani's $20-billion startup called Jio - The Economic Times
