A £4.7bn commitment made to researching smart technologies, artificial intelligence and 5G mobile network technology is “really good news” for North East business, according to an expert in the field.
Prime Minister Theresa May recently unveiled details of the government’s industrial strategy which is designed to improve living standards and drive economic growth across the country.
Considered the next stage in mobile connectivity, 5G would offer faster download speeds and the ability to run mobile internet apps with greater complexity.
Chris Lee, managing director of Sunderland-based IT and telecoms specialist CCS, believes its introduction would yield economic benefits for a number of industries across the region.
“This announcement is really good news for both businesses and individuals in the North East,” he added.
“Businesses will be able to operate more out of the office with the knowledge that they will have reliable connectivity and won’t have to compromise on the service they provide.
“The UK is way behind other countries in the world, such as China and South Korea, in terms of mobile connectivity so this investment is very much needed.”