more people by giving low-cost connectivity in a
more than ever efficient way. A recent 5G
economy study by Qualcomm Technologies
confirmed that faster, ubiquitous, low-power
connectivity will make mobile networks even
more essential than they are today. The
government must invest in an infrastructure that
is capable of catering to the demand of cloud
processing power which is way beyond the
speed of a human brain. It will eventually help
Artificial Intelligence translate the data into a
remarkable user experience. IoT works on
sensors that are easily and widely available in
the market at a very reasonable cost. A robust
Internet helps these sensors perform tasks,
store data, and understand behavioural
patterns. With the help of Artificial Intelligence
we are capable of translating these data
patterns within milliseconds. A revolutionary
technology known as blockchains can be further
integrated to secure all the transitions without
the fear of losing them.
A study by CNN suggests that people who have
always lived in rural areas have limited
knowledge and a very rigid belief system. If
trained properly they are quick learners and are
easier to train when compared to the vast
number of people in the urban setups. With
remote education being the next big thing, using
technologies such as fast internet, strong
connectivity, availability of devices, and screens
will help uplift the rural infrastructure and bring
them under the limelight. This will further help in
bridging the gap between the rural areas and
global services providers. The organisations can
then, with the help of Asymmetry of Information,
collect all the data of the devices and design
strategies to fight situations like pollution due to
unplanned disposal and production, emotional
imbalance in society, and even pandemics.
A Digitally Bright Future
Sundar Pichai, the CEO at Google; and Caesar
Sengupta who is globally heading the Next
Billion Users Project have envisioned many
emerging economies for their Next Billion Users
project. With the recent Google India initiative,
Mr. Sundar Pichai plans on investing $10 Billion
in the Indian economy. Jio has bridged the gap
and has helped companies like Google to
achieve the Next Billion dream by reducing the
per GB cost. India now has the cheapest
average 4G rate at $0.26 per 1GB in the world.
India’s 4G penetration now stands at 88%
according to a report by Mary Meeker’s. To
prove this, a recent study suggests that Bihar
and Jharkhand have witnessed a 48% increase
in the number of people who use the Internet.
But the big question is, are we ready for all the
opportunities that are in the pipeline? This is a
roadmap in its development phase and it is
predicted that schemes like Digital India have
changed the way people look at knowledge. An
introduction of tools like Augmented and Virtual
Realities for education and skills development
simply could enable the Indian population closer
to achieving this goal. Technology such as IoT
will help us map and track our users’ path,
needs, behaviour, and decision-making
capabilities. We can plan our future well by
understanding the degradation rate of the
devices and the change in consumer behaviour
trends. This will encourage us to smartly recycle
our resources with minimum investments for
imports. Employment rates will see a rise as
there will be more digitally skilled people in the
country who will be able to attract businesses
from around the globe without leaving their
ecosystems. With a boom in E-commerce
platforms such as Big Basket, Zomato, and
Amazon, we are becoming more uni-directional
with our needs.
We are living in a world where all our needs find
their way to our homes rather than us
exhausting resources and time to visit market
areas.
Conclusion
India is undoubtedly the most complex and
diverse economy in the world. Inter-city
migration has always been a key reason for
India’s tumultuous economic changes. The
current pandemic also helped us realize that the
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