Unlocking the Value Of 5G For Enterprise

The initial hype surrounding 5G has focused on the consumer market—faster internet speeds, higher quality video streaming, and so on. But there’s an untapped opportunity in the enterprise—specifically, a $4.3 trillion opportunity.

In the “Unlocking the benefits of 5G for the Enterprise Market” session on Day 1 of MWC Barcelona, leaders from KPMG, Samsung Electronics and Vodafone shared their insights on how to unlock the value of the 5G enterprise market.

 

Defining the 5G opportunity

 Alex Holt, Global Chair for Media & Telecommunications at KPMG, kicked off the session by highlighting the profit potential of 5G in different enterprise verticals. For Holt, manufacturing represents one of the biggest and most immediate opportunities, with a value of over $600 billion.

“Speed, agility, customization, quality and speed of delivery are all benefits of 5G for the manufacturing industry,” said Holt.

But those aren’t the only industries where 5G is poised to make an impact. Vivek Badrinath, CEO AMAP at Vodafone, explained how the operator is already exploring applications in entertainment, gaming, and automotive.

According to Bandrinath, Vodafone has assembled a robust partner network (IBM, BMW, SAP, Volkswagen, AWS and more) to power 5G use cases like stadium experiences, smart traffic jam warnings, crash detection, and cruise control monitoring.

 

Behind the scenes

For all of these 5G use cases to work, they will need six key features— “the DNA of an enterprise 5G use case,” as Holt termed it. According to Holt, enterprise 5G use cases must have:

  • Machine-enhanced decision making—minimizing human error and improving the quality of decision making
  • Data-richness—unleash new business models through vast amounts of additional data from sensors
  • Visualization—providing operations personnel or customers with deep knowledge and experience overlays
  • Agile automation—providing automation with minimal trade-off of customization, flexibility or quality
  • Intelligent efficiency—ubiquitous access to data and computer power, reducing friction and waste, while enhancing quality
  • Trusted connection—providing critical services/products with security data and network uptime

 

And it’s this last point—security—that the speakers were keen to address.

 

More data, more security

 5G will bring massive amounts of data, said Terry Halvorsen, CIO & EVP IT & Mobile B2B at Samsung Electronics. But that will also require more data protection, and networks will be architected the right way to prevent attacks.

“Because of the ecosystem [5G] resides in, because it’s meshed—it allows you to change the way you architect your network,” said Halvorson. “You can run multiple layers of security on its infrastructure.”

But securing data passing through 5G networks is not something companies can do alone.

“We need collaboration to be successful,” said Bandrinath.

Halvorson expanded on this, saying that improving security requires enterprises and governments to work together.

And there’s still a way to go. Holt stressed that 5G still needs far more discussion and coordination to be successful. But as Badrinath noted, companies shouldn’t limit their thinking around 5G.

“The biggest roadblock for 5G is not imagining enough,” said Bandrinath. “Things are not as difficult as we think.”

 

To learn how CSG can help you harness the power of 5G with charging and mediation solutions, download our datasheet here.

 For more insights from MWC Barcelona, visit www.csgi.com/mwc19.

CSG

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CSG Insights Team

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