Indian conglomerate Bharti Enterprises' Chairman Sunil Bharti Mittal on Monday said billions of people in the world are still not on the internet for which affordability is a key factor. Speaking at a panel discussion on technology cooperation in the fourth industrial revolution at the World Economic Forum's online Davos Agenda 2022 summit, he also said the industry alone cannot reach the last mile and huge investments would be required in infrastructure to reach that goal.

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Further, Mittal said technology is always a double-edged sword and it becomes the duty of all stakeholders that the negatives of digital connectivity are minimised and benefits are maximised. The technologies of the Fourth Industrial Revolution have already led to transformative advances in numerous domains.

Panellists discussed how can technology stakeholders work together to balance innovation and responsibility to maximise the potential of emerging technologies for addressing global problems. Moderated by Observer Research Foundation President Samir Saran, the panel also included Verizon Communications Chairman and CEO Hans Vestberg and Rwanda's Minister of Information Communication Technology and Innovation Paula Ingabire.

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Vestberg said being connected to the internet is now a human right. Mittal said that during the COVID-19 pandemic, there has been a significant appreciation about telecom and broadband networks.

They have facilitated virtually everything during this pandemic for everyone, from contact tracing to vaccination details, financial services and money transfers, food delivery and so many other things, he added. Mittal also lauded the role of small and medium enterprises and said any society cannot sustain itself without a robust supply chain and SMEs play a big role there.

The fourth industrial revolution has truly shown itself in the last two years that it is the only way going forward to help humanity, he said.

First Published:Jan 17, 2022 9:23 PM IST