14th January, 2023 MISCELLANEOUS
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- Vidisha district in Madhya Pradesh has become the first district in India for deploying on-ground innovative 5G use offered by startups.
- It was the result of a joint initiative between;
- Vidisha District Administration and the Centre for Development of Telematics (C-DOT).
- Department of Telecommunications (DoT) under the guidance of the Additional Secretary (Telecom).
- It will promote Digital Transformation across socio-economic indicators.
- It will encourage Startups and user communities.
- It will support the working of State governments, Smart cities, Aspirational districts, vertical industries etc.
- It will provide innovative solutions for Health, Agriculture, Diary, Education & Skill Development, benefiting the Vidisha community at large.
- Potential benefits;
- Smart health services for measuring vitals and performing tests almost instantaneously.
- Eye Screening application using a smartphone for quick and effective screening of cataract disease
- Experience kit for students for enhanced learning & teaching tool for innovative teaching methods.
- Provide crop advisory for farmers to take informed decisions and connect with Mandis/Traders, state subsidies/insurance for crops
- Integrating all the health suits enabling Tele consultation and e-learning solution suit.
- 5G is the fifth generation of cellular technology. It is a new global wireless standard after 1G, 2G, 3G, and 4G networks.
- 5G enables a new kind of network that is designed to connect virtually everyone and everything including machines, objects, and devices.
- 5G wireless technology is meant to deliver higher multi-Gbps peak data speeds, ultra-low latency, more reliability, massive network capacity, increased availability, and a more uniform user experience to more users.
Potential Economic Impact of 5G:
- The telecommunications sector in general, and 5G, in particular, is poised to enable growth and bolster employment opportunities.
- 5G will bring hundreds of Megabits—even Gigabits—at low latency, speeds that can potentially change the way most—if not all—industries work, today. It will bring the country up-to-speed with the West.
- 5G and the slew of “interconnected” devices the technology will enable will make the country “future-ready” and boost further innovation.
- Bringing it under the PLI scheme for design-led manufacturing and building a strong ecosystem for 5G, will further boost local innovation in the domain.
- Connections and Revenue potential
- Global telecom industry GSMA has forecast that India will have about 70 million 5G connections by 2025.
- 5G is expected to create a cumulative economic impact of $1 trillion in India by 2035, according to a report by a government-appointed panel.
- According to a report by Ericsson, 5G-enabled digitalization revenue potential in India will be above $27 billion by 2026.
- Mobile market
- The 5G wireless technology is a multipurpose wireless network for mobile, fixed and enterprise wireless applications.
- It incorporates all type of advanced features that makes it powerful and in huge demand in near future. It has a bright future and will be a revolution in the mobile market.
- Banking Sector
- The spectrum will provide faster and simpler payment options, which will make mobile and digital payments even more appealing to the masses and merchants alike, further boosting usage.
- Fraud prevention
- Processing data, verifying the nature of transactions, confirming transaction amounts and funds availability, and consulting multiple data instances in real-time, coupled with customer geo-location and merchant ID, will reduce fraud detection errors and false positives, thereby protecting consumers and the bank leading to a healthy economy.
- Boost to IT Sector
- The IT sector will invite lucrative offers in terms of innovation, manufacturing and employment opportunities.
- It will provide us with the opportunity to mitigate any tech-related inadequacies caused due to data speed and help us augment our product offerings by aiding comprehensive R&D in smaller pockets of the country.
- Boost to the rural economy
- Public 5G built and operated in a decentralized manner will also help us create more jobs in rural areas.