Sunday, February 5, 2023

How 5G will change the economy of Pakistan

When 5G technology comes out, Through its new IoT framework and cloud-first approach, Pakistan is set for a major technological jump advance in its right.

These technologies can bring about a much-needed economic revolution in a developing country like Pakistan because they can change the way things work. In the U.S., 5G could create up to 16 million jobs, according to a report from Accenture. I predict a billion-dollar economic impact from the new technologies that come with it.

In facilities that can use 5G, production is up by 20–30%, as assembly time, and asset life. Defect detection is all up by up to 50% and up to 20%, respectively.

By using 5G technology in home-based models for post-acute care after a hospital stay. Healthcare providers can save up to 30% and improve patient outcomes.

The World Bank’s Telecommunications Advisory Assistance report says that Pakistan needs to build its own cloud infrastructure so that local companies. Services related to the Internet of Things (IoT) can be built and used in Pakistan.

It is not necessary to prevent Pakistan from benefiting from 5G mobile networks. It is very important that this technology can help a country grow faster. This tool will help the Internet of Things (IoT), cloud infrastructure, tech startups, and young people in the country.

A spokeswoman said that changes in technology like cloud computing. The Internet of Things and artificial intelligence will create an environment that is good for governance and efficiency.

He also said that they think the country’s economy and ICT infrastructure will benefit a lot from the implementation of 5G networks. Which they think will have a big effect on the country’s growth.

Realizing 5G momentum will create new jobs

Business opportunities also help different industries grow and get back on their feet. As the need for ICT solutions grows, it is important for countries to have 4G and 5G networks. This is because of the post-covid environment. CEO of OPPO Pakistan, George Long, said that the best thing about 5G technology is how fast it is. He said that faster 5G speeds and better connections could lead to economic growth in many places.

He also said, “Another benefit would be a climate in which regions, countries, and businesses. Especially in the manufacturing sector, would attract investments to boost productivity and efficiency.”

5G will help Pakistan become more digital by connecting people to powerful, purpose-built technology. This will open up opportunities for both businesses and individuals. They are likely to benefit from future improvements in remote education, public safety, manufacturing, transportation, and health care.

Read more: For the second time in 10 years, Smartphone sales fell below 100 million

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