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How 5G can improve business operations

Its adoption can result in cost efficiencies and provide customer data, amongst others.

Just like the emergence of previous networking technologies, 5G will also bring “disruptive change and unprecedented business opportunities” by serving flexible and scalable connectivity and computing platforms that can accommodate a wide range of technologies.

In a report, Deloitte said these 5G-enabled tools can provide insights on customer and operational data, allow automation which could lead to cost efficiencies, and establish an IT infrastructure capable of adapting to new opportunities, amongst others.

5G edge and digital opportunities can make an impact on a business's bottom line by capturing cost savings in manufacturing and logistics as software and hardware can automatically extract and analyse information from an image, sequence of photos, or an entire video.

READ MORE: 5G to contribute $1.3t to global GDP by 2030: PwC

They can also enable innovation and automation through internet-of-things, artificial intelligence, analytics, and computer vision, Deloitte said, adding that new business models and innovations will emerge in the next two year borne out of new data-driven applications.

Deloitte added that 5G and digital opportunities can increase productivity with autonomous robots and vehicles, and drive value by reducing direct and indirect operating costs and increasing revenue potential.

Digital twin technologies can also be optimised through 5G. These can help maximise the supply chains, distribution and fulfilment operations, and hospitals.

Opportunities provided by 5G can “build resilience and agility” with cloud-based and software-driven network capabilities, which allows data to “flow where and when it was needed.”

It added that 5G can transform in-demand supply networks through edge computing which can accelerate data management by moving processing and storage capacity to the data source. This will allow real-time processing, analysis and dissemination of data.

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