Regulators and experts from all over the world in the Pacific island of Vanuatu discussed about new business and investment models with respect to new technologies like Artificial Intelligence (AI), Blockchain, Internet of Things (IoT) and 5G.
“ITU has developed the key concepts of ‘collaborative regulation’ and ‘fifth-generation regulation’ to describe the need for ICT policy and regulatory frameworks to be inclusive, up-to-date, flexible, incentive-based, evidence-based, decision-oriented and market-driven,” said ITU Secretary-General Houlin Zhao.
At stake is the regulators’ ability to unlock investment to support growth, jobs, innovation, and digital transformation across sectors and regions added Zhao.
Charlot Salwai Tabimasmas, Prime Minister of Vanuatu said, “GSR-19 offers our country, and indeed other countries in the Pacific, a unique opportunity for dialogue and to exchange ideas on the future of the ICT policy and regulatory environment, with a view to leveraging the vast opportunities offered by ICTs to transform our economies.”
Organized by ITU, in collaboration with the Government of Vanuatu, GSR-19 will discuss, among others, digital strategies and policies, infrastructure regulation, innovative investment and financing mechanisms, spectrum, preparing for 5G and the changing role of the consumer.
For the first time, GSR will welcome the Broadband Commission for Sustainable Development. Commissioners will set the scene and share views on the best approach to bringing the next 3.7 billion people online.
“It is important for us regulators, especially for small island states, to collaborate with the respective governments to create and maintain a regulatory environment that will not only bring the remaining 3.7 billion people online, but also ensure the market environment is fair and allows innovation,” said Brian Winji, Chairman of GSR-19 and Regulator of the Republic of Vanuatu.