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Past Issue • Oct-Dec 2015

We are witnessing the Fifth Technological Revolution: says Hans Vestberg

We are witnessing the Fifth Technological Revolution: says Hans Vestberg

Taking time off from his busy schedule, that included a meeting with Prime Minister Narendra Modi, launching a new radio system for the Indian market and signing an agreement to expand a 3G network, Ericsson Group President and CEO, Hans Vestberg, visited the Indian School of Business (ISB), to spend some quality time with students and faculty. On the sidelines of this, in an exclusive interview with ISBInsight, Vestberg shared his vision of 5G services and the networked society. Excerpts from the interview with Reema Gupta, Associate Director, Srini Raju Centre for IT and the Networked Economy (SRITNE), at ISB.



Reema Gupta: There is a lot of buzz around the Internet of Things (IoT). IDC (International Data Corporation) predicts that IoT market is going to reach $1.27 trillion with about 28 billion devices by 2020. Please tell us something about Ericsson’s vision of this Networked Society and how does it add to the well-being of the society?

Hans Vestberg: As part of the Networked Society what we are witnessing is the fifth technological revolution. We are all at the moment in an industry where so many people have 3G and 4G and are connected – we are looking at 7.7 billion mobile broadband subscriptions by 2020. Suddenly we will have an enabler, which will help us to start doing many other things – not only will it improve consumers’ experience; we can suddenly transform industries with mobility, broadband and cloud.

ABOUT THE AUTHORS

  • Reema-Gupta

    Reema Gupta

    Associate Director of Srini Raju Centre for Information Technology and the Networked Economy (SRITNE) at the Indian School of Business (ISB).
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