The companies best positioned to take advantage of the 5G growth include Ericsson, Nokia, and Qualcomm .
Read moreHow does 5G benefit the manufacturing industry?
Thanks to unprecedented large upstream and downstream bandwidth and low latency, 5G is finding its way into non-crucial elements of manufacturing processes. This is enabling digital transformation in manufacturing and benefits enterprises by offering lower costs, higher quality, and higher efficiency .
Read moreHow is 5G used in manufacturing?
5G manufacturing powers industrial automation For example, an industrial facility might adopt 5G to connect AI vision cameras along the assembly line . The high-speed, wireless connectivity would enable managers to track quality control and inspect products remotely with higher efficiency and increased productivity.
Read moreWhat is the global implications of 5G to consumers?
The key functional drivers of 5G will unlock a broad range of opportunities, including the optimization of service delivery, decision-making, and end-user experience. This will result in $13.2 trillion in global economic value by 2035, generating 22.3 million jobs in the 5G global value chain alone .
Read moreWhat 5G means for productivity and growth?
Faster transfer of data, lower latency, reduced congestion and increased connectivity are just some of the improvements 5G will bring. According to GSMA, in 2018, mobile technologies and services generated US$3.9 trillion of economic value which equates to around 4.6 per cent of GDP.
Read moreCan 5G technology help Australian businesses and services to increase efficiency and productivity?
Three-fourths also acknowledge 5G’s potential to boost productivity for their business . Closely related to productivity gains is the ability to increase business efficiency through more detailed monitoring of operations and assets.
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