Shulou(Shulou.com)05/31 Report--

Intellectual property (IP) is the key to promote basic innovation and realize 5G and other general technologies. America's current technological leadership is largely due to a strong intellectual property system; but any effort to damage the intellectual property system will put us at risk of losing our global leadership.

As the global economy recovers from the pandemic, the formulation of appropriate economic growth policies is at the top of the agenda of most national leaders today. Without innovation, there can be no economic growth. Starting with Nobel laureate Robert Solo, economists have shown that most of the economic growth comes from "technological shocks" or innovation. Innovation multiplies the productivity of each unit of input, such as labor or capital. Therefore, innovation is not only the basis of economic growth anywhere in the world, but also the key to promoting economic growth.

A good example of this innovation is the latest fifth-generation or "5G" wireless technology. Those of us in the wireless industry do not think that 5G is just the next generation or "G" wireless, but a paradigm shift. Unlike in the past, GS,5G is not just connected to people, but anything ─ is everywhere: from smart homes, power grids, cars, transportation infrastructure, offices, factory workshops, hospitals, and so on.

5G is an innovation that can increase productivity in all industries, not just the mobile industry. This kind of technology, called general-purpose technology, does not appear very often. Like electricity and the Internet, 5G is an underlying infrastructure that can drive every industry.

Economic and social impact of 5G

To understand the overall economic impact of 5G on a variety of industries, we recently conducted a study with Accenture and found that in the United States alone, 5G will add approximately $1.5 trillion in GD ​​ P and up to 16 million US jobs by 2025. More importantly, this innovation will serve as an economic multiplier for each industry, including:

Manufacturing: factories that support 5G will achieve a 30% increase in overall productivity by improving assembly time, asset life, and defect detection.

Transportation: new 5G connected vehicle safety and infrastructure technologies will reduce the severity of undamaged car crashes by 80%, save lives and billions of dollars in collision costs, and reduce traffic flow by 25%.

Healthcare: 5G will allow more post-acute health care to transition to a family-based model, with cost savings of more than 50%, and patients will be able to enjoy greater comfort and better results.

Utilities: the impact of 5G on intelligent power management will be profound, strengthening coordination among power consumers, their devices and vehicles, and power stations. In addition, smart sensors and drones will drive advances such as transmission line monitoring, which will reduce the risk of wildfires and save utilities and users billions of dollars

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