Companies see 5G technology as game changer: Report

Posted By:

Next generation 5G mobile technology is seen as an innovation engine by executives in key industries, a report by Swedish communication technology firm Ericsson said on Tuesday.

Companies see 5G technology as game changer: Report

Ericsson's report captured the opinions of more than 650 executives globally from the eight key industries most likely to be impacted by 5G -- automotive, utilities, public safety, high-tech manufacturing, Internet/digital natives, healthcare, financial services and media/gaming.

SEE ALSO: Huawei P9 gives tough completion to Oneplus 3 in specs and camera department

A majority of these decision-makers depend on and actively invest in communications technology to help drive innovation, noted the report titled "Opportunities in 5G: The view from eight industries".

"With 5G, industries will have connectivity that is customised for their requirements and the agility to move quickly to meet customer needs and be innovative," said Rima Qureshi, Chief Strategy Officer, Ericsson in a statement.

The connected car is the major trend in the auto industry. While many are looking ahead to self-driving systems, enhanced GPS with instant traffic and map updates is the most favoured use for 5G globally.

Companies see 5G technology as game changer: Report

Public safety organisations expect 5G technology and the Internet of Things (IoT) to help keep citizens safe.

The financial services industry expects 5G to boost real-time mobile trading and high frequency trading.

Media and gaming executives place the highest priority on delighting their audiences and holding their attention.

SEE ALSO: Motorola Moto G Play Announced: Will it be Real Contender to Xiaomi Redmi 3S Prime

A significant majority highlighted live personal 360 view broadcasting and fixed wireless broadband as additional developments expected from 5G.

Source IANS

Read More About 5g | telecom | technology | news

Recommended Stories
Opinion Poll

Stay updated with latest technology news & gadget reviews - Gizbot