20% of world's data generated by India, according to Bhavish Aggarwal, Ola founder 😊

Unlocking India’s Data Potential 🌐

As a crypto enthusiast, you must be aware of the importance of data in the digital age. India, with its significant population, contributes 20% of the world’s digital data. However, only a fraction of this data is stored within the country, with the majority being processed by tech giants abroad and sold back to us. Let’s delve into the insights shared by Ola’s founder and CEO, Bhavish Aggarwal, regarding India’s data landscape and its implications.

India’s Data Production Landscape 📊

India produces 20% of the world’s digital data due to its large population and technological advancements like 4G and Jio.
Despite being a major data producer, only a small portion of this data is stored in India.
90% of India’s data is exported to global data centers owned by tech giants for processing.

The Need for Increased Data Production 🚀

According to Aggarwal, India should aim to produce even more data given its youthful population and potential in the field of Artificial Intelligence. As the largest population, Indians can contribute significantly to advancements in AI through data generation. Currently, India’s per capita data production is high, making it a vital player in the digital data landscape.

Challenges Faced by India’s Data Economy 💡

Only one-tenth of India’s data is stored within the country, highlighting the dependence on foreign data centers.
Data exported to global centers is processed into AI and sold back to India, leading to economic implications.
Aggarwal draws a parallel to historical colonial practices, equating the export of data to modern-day colonialism.

Hot Take: Embracing Data Sovereignty 🛡️

As a crypto enthusiast, understanding the importance of data sovereignty is crucial in today’s digital landscape. India’s data potential is vast, and by focusing on storing and utilizing data locally, the country can strengthen its economy and technological independence. By promoting initiatives that prioritize data localization and security, India can pave the way for a truly self-reliant digital ecosystem.