 Welcome to ITU Telecom World 2016 Bangkok, Thailand. I'm very pleased to be joining the studio today. Mr. Peter Lyons, who is a community lead for ICT, is the World Economic Forum. Peter, thank you very much indeed for being with us in the studio today. Thank you very much for having me. Now, I'd like to start off by talking about digital economy. Is the digital economy a reality? I think that's a good question. I think the better question might be, is reality becoming digital and what does it mean for the economy? And I think we can see this illustrated in our day-to-day lives when we see people walking down the street texting and immersed in a virtual digital environment which happens to be their smartphone, for example, or maybe they're listening to music. And I think we're going to see increasing digitalization mean that people are increasingly living in this parallel reality and this will have ultimately implications for the grounded reality, the real economy and it's something that we're working hard with our various stakeholders to try to address. And what are the main barriers in your opinion to growth and how can the World Economic Forum contribute to overcoming them? I would say a number one is trust. Trust in the digital economy, trust in the digital world, trust in the outcomes that this digital world will deliver. I think that trust has many facets, everything from cybersecurity and cyber resilience to what are the ultimate socioeconomic goals that we have and how do we ensure that the value generated from the digital world is spread evenly among participants. Now the UN Sustainable Goals have been attracting a lot of attention. I wanted to find out what role is worth playing in meeting those? So the World Economic Forum has organized itself to address these challenges by shifting from an industry-focused approach to addressing systemic change to actually shifting into a systems-based approach to address systemic change. We've organized ourselves according to 14 systems initiatives, everything from the future of the digital economy society to shaping the future of agriculture and food security, long-term investment infrastructure, financial and monetary systems. All of these systems are meant to bring people from across industries to work on issues that are no longer siloed industry issues to deal with. So it's about bringing the industry experts from across industries, bringing the civil society, bringing academia, bringing governments and the private sector, of course, to try and work through some of these challenges. What about collaborative regulation? How do you think it can contribute to growth? Well, again, if we think about traditional industry silos as starting to blur, for example, if we look at the self-driving, assisted driving future of vehicles, those are no longer issues that are dealt with in the automotive industry, for example. But they're no longer even just issues dealt with by ICT. You have to bring in the insurance, you have to bring in governments, the regulation and, of course, the technology side and the vehicles and the vehicle manufacturers and all the ecosystem that supports all of that. So to address these increasingly complex and interconnected issues means that you're talking about bringing regulators from what were previously very focused mandates around industries. How do you do that? Well, I think in some cases what you need to do is change the way that the regulatory authorities function within the government and what are the reporting lines and what's the institutional independence of the regulatory authority. If you have a regulatory authority that's cross-sector, how does that regulatory authority function institutionally? How is it funded? All of these things are issues that governments have to wrestle with but they need to wrestle with it in consultation and collaboration with industry. I'm sure you're no stranger to events that bring together highly influential people. We're here at ITU Telecom Worlds 2016. I wanted to find out in your opinion what value has this event got? Well, I've been coming to ITU Telecom World and other ITU events for some years and I've always found it a good place to connect with old friends but also to meet new people and just get a sense of where governments are leaning towards in terms of ICT and policy and regulation. It's a good way to measure the pulse of the industry from the perspective of the governments and the regulators and increasingly you have industry participants as well here for the same reason and I think for the world economic forum it's always great for us to be in a place where you can sort of pressure test new ideas and really try to bring people into these discussions and take these discussions to Davos and to beyond. Peter Lones, thank you very much indeed. Thank you.