Magnus Ewerbring, CTO, Ericsson, Asia Pacific,

As one of the world's leading telecom vendors, Ericsson is one of the most qualified industry leaders to predict future telecom trends. One area of particular focus for the Swedish communication technology provider is 5G. Ericsson expects 5G to enable organizations to move into new markets and build new revenue streams with radically new business models and use cases, including Internet of Things (IoT) applications.

Read more: Ericsson's road to 5G: APAC CTO Magnus Ewerbring spoke to Telecom Review

The Asia ICT Innovation Forum was held in conjunction with CommunicAsia2016. At the Forum organized by Singapore Exhibition Services and Huawei as the strategic partner, attended by over 500 regional ministerial representatives, internationally renowned economists and global industry thought leaders and professionals, Huawei outlined its roadmap to accelerate ICT transformation to enable more people in Asia Pacific to reap the benefits of ICT and move toward a better connected world.

Read more: Huawei outlined its roadmap to accelerate ICT transformation at the Asia ICT Innovation Forum

On July 4, 2015, China's Premier of the State Council, Li Keqiang, unveiled China's Internet+ (sometimes written Internet Plus) action plan that aims to integrate the Internet with traditional industries, fuel economic growth and put China back on track to be a leading world economy.

Read more: China's IoT arithmetic: Internet+ = Industry 4.0

South Korea, a nation no bigger than the US state of Indiana, saw its economy surge from 1962 to about 1994 at an average of 10 percent annually, fueled by annual export growth of 20 percent during a period called the ""Miracle on the Han River"".

Read more: South Korea tops ICT development, Internet speed & LTE coverage

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