 Okay, thank you. So now we move into smartphones and talk about this tremendous growth that we're seeing and a few years back We launched a vision within Ericsson about and the notion of 50 billion connected devices by 2020 With what we heard about connected cars and bikes and homes. I'm sure we are well on our way to get there No, I haven't gone out counting it yet And But what we really see is that anything that benefits from being connected will be connected in the future And that is of course going to change a lot and looking down into smartphones more specifically We are deploying networks basically in all parts of the world and as of now Almost 50% of the traffic from smartphones goes through an Ericsson network So we have calculated and based on that measured in many networks about how much smartphones there are and what we See in the future. So Looking forward and we basically see tremendous growth of smartphones right now We are basically having 1.1 billion smartphones in the world And and that is continued to increase just quarter three of this year 40% of all the world's mobile phones were smartphones We're still at the very low installed base only 15% of the world's phones are smart phones There's a tremendous increase coming and as you see in the graph here We have both smartphones mobile pieces tablets and routers and and the majority of these are smartphones. So by 2018 we see some 3.3 billion smartphones in the world three times the amount we have today and a majority of those is coming To be will be in Asia Pacific region. So this will tremendously change we get more and more people that are accessing internet in this way and Video is actually one of the biggest contributed to traffic Within smartphones and as we're basically seeing that almost half of the time watching video on a smartphone today Is used outside of the home? So people are looking at video clips all over the place and We did the consumer lab study Basically looking at where people are using their smartphones and 50% of the respondents having a smartphone say that they Are using it in bed Basically people are looking at the smartphone the first thing they do in the morning and the last thing they do in the morning Only in the evening before they go to sleep. That's how Fundamentally it has changed our way of living So a few more numbers of what we believe is going to be happening by 2018 14 times more data generated by smartphones than already today and we already seen a lot of data People are downloading apps using things all the time. We will see 14 times that by 2018 Over 85% of the world's population will have access or coverage by high speed internet 3g as we call it Today is around 50% So basically the whole world will connect that be able and especially all the cities where they will have 3g Internet access high speed and 1.6 billion mobile subscriptions will be on the next generation technology 4g well T having access to maybe 100 megabits per second download speeds on these smartphones and In general from 9.3 billion mobile subscriptions in all and then you can quickly calculate that's more than number of people Well, yes, people have more than one device people have more subscriptions. So it's tremendously changing So looking then what what this might mean Well, I would basically argue that we will see a new kind of creativity coming Where people are communicating over the smartphones in a new way if you look at the old and then then basically I think Greg mentioned a couple of these old way of having offices It was by and for the few it was the genius It was the people sitting in the lab doing the monologue. They were the one doing the innovation today It's everyone. Everyone is part of the community. Everyone is is Contributing to continuous torrents sending Data from bikes or sensors into the big picture And it's gonna be the mosaic of small ideas that actually changes What will happen in the future? So I would argue a little bit that that the office creativity Maybe have also will be complemented by the virtual creativity And so let's be a little bit provocative and think okay, so what will this mean then by Another of years forward. Let's look at the 20 25 city Well, well, let's see here and universities are accessible to all digitally What if that would be true? That would completely change the notion of education. I'm sure Half of all the basic health care can be delivered remotely Over your smartphone You never again need to search for parking space Why would you all the information is out there somewhere? It should be possible to get that over your smartphone Electric cars we talked about they should be able to be charged anywhere Why have a specific charging pool? You should be able to and we have actually done tests together with with a number of or one car manufacturer with Ericsson That trying to then make sure that the charging bill ends up on your bill You don't need to charge pull really the technologies there at least It takes only 10 minutes to start a new business and you can do it from your smartphone You have an idea you start a business and you're up and go and You always know your arrival time ahead of the commute today. We know when the bus comes Maybe we could know when we arrive all the time taking into account Traffic jams taking into account what actually will be there. I mean the information is out there So it's just a matter of getting it together So anything that benefits from being connected will be connected and this is what we Call the network society when we talk about it in Ericsson Thank you. Thank you. What I thought was most Clearly in in the very last messages. You're still talking about the city Which is network and which will give you all these opportunities. Therefore, we're still talking about territory in space In the UK, we recently rolled out 4g and it was coming to live in cities And we'll take a while until it will arrive in the countryside if ever Could you just comment on this? How much is this technology still dependent on the density? We've heard about on the city sort of foundation Yeah, I think it very much is Creativity I would say is local the markets are global in a sense that you need to sit close to each other We actually seen if if a group of people that go out for a dinner They actually communicate over what they talked about over the dinner at home over Facebook after later on so technology actually Increases the need to meet it actually the conversation continues virtually, but you need to meet as well So I don't think that the city the notion of cities goes away by technology I think that's what we've seen a lot But but the other hand I think that actually is emphasized by it because of humans or because of the technology itself The infrastructure that goes with it Well, I think we we as humans Have a need to meet and I think you can never really replace that you can complement it And you can take away a lot of the traveling need for using video conference and things like that But eventually you need to meet as well. So it's a combination John Holman. Yeah. Well, I completely agree about your last point about the importance of what I call meeting this and The ways in which meeting this kind of forms and reforms patterns of living cities Settlements and so on and it's hard to so far imagine massive reductions in meeting us, but I did wonder whether the sorts of things that you were so enthusiastically describing are good and in if we look at the history of socio-technical change Often the wind that the system that wins is not necessarily the best system So for example the petroleum Generated car might not have been the best system But it was the one that won out partly for some very particular things happening very early on and of course We might wonder whether the kind of over I don't know digitization and networking that you characterised is is good and indeed whether it's Whether there's any good evidence that that produces better lives And indeed whether those lives lived in that networked way are Significantly superior to Other other ways of organizing connections between people No, it's completely relevant question. I wouldn't put any value on either or I just noted that technology Can do all of this whether we wanted to do that. We need to take a Decision basically as humans how we want to hold this Yeah, I think this is a very good point to now get to our last speaker to Tom who will introduce his notion of the Participation economy over to you Tom