5G is coming, and not too soon for businesses

Much has been said about the potential of 5G wireless networks to dazzle consumers with virtual reality games, diorama sports streaming, holographic calling, and a host of other sophisticated services that require ultra-high capacity to 5G and minimal latency. Such consumer services are indeed impressive, but the future of 5G rests on the broad shoulders of businesses.
Not only will companies drive much of 5G application innovation in the years to come, but as is often the case with large telecom infrastructure deployments, their purchasing power will empower operators around the world. recoup the hundreds of billions of dollars they’ve invested in 5G. spectrum and network upgrades.
The biggest 5G opportunity lies in driving a variety of Internet of Things applications. For over a decade, we’ve been hearing from businesses and organizations in all industries talk about the potential of placing IoT sensors on all kinds of machines and devices to collect data, link it over wired and wireless networks, then apply scans to inform then not.
Among the “industrial IoT” applications they tout: alerting engineers when a jet engine part, a turbine compressor, or a train wheel that is about to fail needs to be replaced; Track the location of assets such as shipping containers, factory inventory, and even people across large geographies; monitor consumer driving habits to adjust insurance rates; change the speed of traffic lights based on real-time feedback from road sensors in order to relieve traffic jams; and alert doctors to take action when patient health monitors show certain vital signs have deteriorated.
But a major obstacle to the massive deployment of such applications has been the scarcity of reliable, ubiquitous and cost-effective connectivity. Not all machines, parts, portable devices, vehicles, devices or other “objects” loaded with sensors, especially in remote areas, can be connected to a high-speed fiber optic network.
Step into 5G. In addition to providing speeds comparable to fiber and at least 10 times faster than previous generation wireless networks, with a fraction of the latency, 5G networks support massive machine-type communications. As such, they allow a very large number of IoT devices to communicate with each other and with central decision-makers. Additionally, 5G networks cost much less than fiber to install and expand (although they cost more to operate).
As with cloud computing, artificial intelligence, and other essential technologies, 5G will drive economic growth far beyond the tech industry. A report from the GSMA, an association of mobile communications providers, estimates that 5G technologies will bring $ 2.2 trillion to the global economy over the 15 years between 2019 and 2034, with manufacturers, utilities, financial service providers and public sector institutions among the most aggressive users.
In a recent interview, Andrew De La Torre, group vice president of technology at Oracle Communications, which manufactures cloud-based 5G core network and service monetization products for carriers, spoke about three keys to success at long-term business 5G:
1. Are 5G networks and the resulting applications sufficiently secure?
2. Have companies updated their business models, processes and data analysis capabilities to take advantage of IoT applications made possible by 5G technological advancements?
3. Are 5G operators ready to “pivot from a closed, orbiting industry?
consumers, to a much more open ecosystem “in order to lead
service innovation?
One operator at the forefront of this innovation is Singtel, Singapore’s leading telecommunications operator. Singtel earlier announced that it has connected hundreds of locations in the city-state’s business and shopping districts, as well as residential areas, to its new cloud-native 5G Standalone (SA) core network.
In addition to providing ultra-reliable, low-latency transmissions, this dedicated network will soon offer the renowned “network slicing” capabilities of 5G, which allow enterprise customers to create their own logical networks in software to support specific applications.
“Our 5G SA network, in particular its network slicing capabilities, opens up a number of exciting possibilities for our corporate clients to get to market faster with new innovative services powered by 5G, such as virtual reality, IoT and smart factory applications, ”said Dennis Wong, Singtel’s vice president for 5G Enterprise and Cloud. “It will be a key catalyst for digital transformation in a variety of industrial sectors.”
Meanwhile, Singtel has created the “Garage 5G”, where companies can imagine and test various use cases. The carrier has also deployed GENIE, a portable platform housed in a suitcase-sized container that allows businesses to try 5G services on their premises without having to install any equipment or infrastructure.
As the global pandemic has slowed the rollout of the 5G network around the world, there is now no way to stop this fifth generation wireless technology.

The author is president of Oracle Japan and Asia-Pacific, e-mail: [email protected]

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