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Enterprises Need to Budget Now for 5G
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August 12, 2021 News

 

Authored by: Joe Ong, Vice President and General Manager – Hitachi Vantara ASEAN at Hitachi Vantara

 

A recent study estimates that 5G technologies will be the driving force behind $13 trillion in goods and services by 2035. 5G brings so much promise with its ultra-low latency and higher speeds of data that it likely will transform how we operate our businesses and how we communicate with each other.

In spite of the fact that telecommunications and government bodies have set up 5G cell towers, the timeline for consumers to experience operational 5G keeps extending out. One of the reasons for this is that it requires enterprises to invest in their own 5G networks and solutions in order for the network’s benefits to be realised.

5G works differently to its predecessors. It is designed to serve a greater spread of applications and can operate with low-, mid- and high-band solutions to address the different problems that enterprises face and potentially fuel a wide range of digital business models and data-driven services.

 

Technologies Enhanced by 5G

The development of the following technologies will be accelerated by 5G:

  • The development of the following technologies will be accelerated by 5G:
  • 5G will provide the connectivity and the network to connect many more devices.
  • Edge computing will push cloud-based compute capability close to users and data sources, no matter where they are.
  • Internet of Things (IoT) will be significantly enabled by 5G. Where the rules governing traffic on 4G were primarily designed to allow smartphone traffic, 5G supports a 10X increase in the number of devices each geographical area can support. The continued growth of the IoT industry is going to be a transformative force across all organisations, integrating modern-day devices with internet connectivity. An Insider Intelligence report showed that the IoT market is on pace to grow to over $2.4 trillion annually by 2027.
  • Artificial intelligence (AI) is connected to an ever-greater amount of data moving across networks, including sensor data processed by AI either at the edge or centrally. AI will also be vital because it can handle the real-time management of traffic on increasingly complex networks.
  • Augmented reality (AR) and virtual reality (VR) are for more than entertainment. They make it possible to overcome the limitations of time and space. Enabling these technologies can lead to new business models and opportunities in manufacturing, media, automotive and healthcare. For instance, bringing remote teams together in VR to collaborate and refine manufacturing processes will produce great efficiencies.
  • Get Ready for the 5G Era

 

Get Ready for the 5G Era

Enterprises should start budgeting now for innovation using 5G. IT departments should be envisaging strategies to leverage 5G’s unique capabilities.

Some of the benefits that 5G will bring to enterprises include network speed and capacity. 5G has the capacity to reach 10 gigabits per second which will transform how some categories operate, such as IoT and industrial automated IoT, which require reliable, secure networks.

The move from 4G to 5G is increasing the challenges associated with fast-growing data. Whereas 4G has a limit to how many devices can be predefined on its network, 5G can host infinitely more devices. Demand for data will grow. More devices mean more data will be acquired, and enterprises need to prepare with suitable infrastructure to manage the acquired data volume. As their data storage needs scale, enterprises will need to adopt solutions such as cloud computing to manage the data received and stored on the network.

Where 5G is concerned, enterprises need to plan their investment now. Readying an organisation will be costly, as it is not just about the upgrade to 5G, but the investment in data storage hardware, the applications needed to manage additional devices, and to store, analyse, and turn that data into new revenue streams.

 

 

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