World Economic Forum Identifies 5G as Foundation for Intelligent Economy

Kathmandu. The World Economic Forum has identified '5G' technology as the basis for an 'Intelligent Economy'. The organization stated that 5G technology is essential for the digital revolution in industry, education, health, agriculture, and public services. The Forum concluded that 5G can take artificial intelligence, smart cities, automated industries, and digital trade to new heights due to its high-speed internet, 'low latency', and ability to connect numerous devices simultaneously.

5G can act as a powerful catalyst, accelerating productivity, employment, innovation, and economic growth, moving the nation towards the center of the Fourth Industrial Revolution. Currently, 5G networks worldwide are not just seen as high-speed internet services but also as fundamental infrastructure for transforming a country's economy. Experts say that in the context of a developing country like Nepal, this can bring about significant changes in many sectors of the economy.