According to a report from Bank of
America Merrill Lynch – the financial services giant – 5G and artificial
intelligence are one of “the most influential themes that should shape our
world over the next five years”. The other four themes listed in the report are
the rise of electric vehicles, demographics, climate change, and privacy and
cyber threats. The report states that autonomous
vehicles will generate more data than the entire population does today and one
smart city will generate more data than all those vehicles combined. But only
5G has the capability to support such substantial data needs. Currently the world
has over 7 billion IoT devices and this number will rise significantly to 21.5
billion in 2025, the report states. Through the devices, the world will become
more connected with the help of 5G. We shall wait and see whether the world will
be transforming at its fastest rate in human history over the next five years
as the bank states.
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