The International Telecommunication Union (ITU) has launched the 2020 Global ICT Regulatory Outlook which includes the Benchmark of Fifth Generation Collaborative Regulation.
It is a new tool for policy-makers and regulators to leverage digital transformation for all through stronger collaboration across sectors.
“Collaboration across sectors proves increasingly successful in piloting regulators and policy-makers towards broad and inclusive digital transformation,” said Houlin Zhao, ITU Secretary-General. “The ‘G5 Benchmark’ serves as a compass for regulators on their journey towards digital transformation for all.”
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The Benchmark of Fifth Generation Collaborative Regulation, also referred to as the ‘G5 Benchmark’, helps fast-track collaboration among regulators and policy-makers from the information and communication technology (ICT) sector and other sectors to drive digital transformation.
As the ICT landscape is complex and fast moving, the ‘G5 Benchmark’ offers metrics to assess gaps, proposes smart roadmaps through shifting regulatory landscapes, tracks progress and proposes solutions where concrete progress towards the Sustainable Development Goals has proved challenging.
The concept of ‘regulation generations’ helps stakeholders analyze the maturity of modern regulatory frameworks – from the command and control of first generation (G1) regulation, to a collaborative and harmonized approach in fifth generation (G5) regulation.