This is in light of the fact that India is outpacing both the United States and Europe in the deployment of 5G network infrastructure, according to Börje Ekholm, CEO of Ericsson AB, one of the leading global telecom equipment manufacturers, during a panel discussion at the World Economic Forum’s 2023 Davos event.
According to a Wall Street Journal (WSJ) report on the Davos panel, “India will have the strongest digital infrastructure outside of China and soon, will be equivalent to China.” “The rate of implementation is extremely, very quick in Indian Digital enterprises are unlikely to exist without a digital infrastructure. India’s digital infrastructure will be of the highest calibre.
Still in the Early Stages
Which of the technology’s moonshot promises for the future will materialise and in reality revolutionise industries is impossible to predict given the comparatively gradual development of 5G wireless networks and their supporting infrastructure around the world.
The CEO of Ericsson commented, “It’s a bit slower than we had planned for.”
Data transfer speeds are significantly increased by 5G broadband networks, which also enable highly integrated digital connections between seemingly unrelated objects like surgical scalpels and factory warehouses.
While 4G networks enabled video streaming to become widely used and 3G networks gave cellphones access to the internet, 5G is supposedly up to 100 times quicker than 4G at its fastest.
The biggest promise of the broadband network may be that it will act as a foundation for the next generation of companies that will be based on real-time and instantaneous data-transfer capabilities, such as remote surgery or autonomous transportation — both on the ground with self-driving cars and in the air with unmanned drones.