Manufacturing companies have a big appetite for 5G. That was the top-line takeaway from a 2019 survey conducted by Capgemini Research Institute paid TMobileBusiness
conducted by Capgemini Research Institute, which explored how next-gen networks will benefit industrial operations.After surveying around 800 manufacturing and “asset-intensive” companies across the world, researchers found that 75% of respondents believe 5G will unlock their digital transformation within five years. In terms of importance, 5G ranked second only to cloud among nine key technology and innovation enablers. What’s more, these companies are willing to pay a premium to get it.
Here’s why many businesses are eager for 5G, how they’ll benefit from its rollout and Bjurstrom’s predictions on when next-gen networks will start changing the business world.“What 4G did for us as consumers, 5G will have the same impact on enterprises,” says Bjurstrom. “The long-term promise should not be underestimated.” That’s to say: Considering people primarily used pre-4G mobile phones to talk and text only, 5G could revolutionize entire industries.
In the mining company example, Bjurstrom imagines a local 5G network deploying IoT into the field—moving toward a total digital transformation down the road. “Maybe it doesn’t drive immense gains in the beginning, but the future could be an almost autonomous mine,” he says.Industrial companies are positioned to become early adopters of these 5G opportunities, and, in turn, models for how other businesses can follow suit.
That’s something every company should be thinking about now. Businesses that choose to wait, he warns, risk missing the boat both in terms of building those partnership ecosystems and testing, rolling out and managing their 5G-enabled technology. That transition will naturally present new opportunities for businesses to offer 5G-enabled services, but will also create challenges for those industries experiencing 5G disruption—those fixed-line service providers like broadband and cable companies, for instance.
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