Companies ready to leverage 5G for industrial operations

Appetite for 5G and its applications are sizable once the network is ready

The promise of 5G is enticing. Faster connectivity, great reliability and security, lower latency and network slicing – 5G is attracting significant interest in the industrial world.

According to the Capgemini Research Institute report Making the great leap forward in 5G industrial operations, two-thirds of companies want to implement 5G for industrial operations within two years of the network’s availability, but telco players may need up to three years to roll-out all 5G features. Patience will be needed before all of these next-generation options are available.

While manufacturing and asset-intensive companies are eagerly awaiting the launch of 5G, they also need to decide if they want to apply for a private license. Some companies are considering investments in private networks as an alternative. This may bring more autonomy and security but regulations and long-term management and operation need to be considered.

Companies are eagerly anticipating all 5G can bring to their business. Telcos need to collaborate closely with this sector to identify the areas where 5G can add value both in the immediate future and long-term, and design the right implementation roadmap for success.

From the shop floor to supply chain to product and service management, 5G has incredible potential for manufacturing and asset-intensive companies. It will allow reliable, secure, real-time, high-speed transmission of data and transform multiple applications.

Companies are ready to make capital expenditures and pay a premium for 5G. The ability to connect faster is a powerful motivator and telcos need to be a collaborator in the process. By working more closely than before, the two sides can deliver the full potential of this transformative technology.

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Strategy for manufacturing and asset-intensive companies

Assess key connectivity requirements and limitations of existing technology portfolio

  • Connectivity issues cause multiple problems, including difficulties of achieving real-time interactions
  • Need to identify current pain points for prioritized use cases and analyze the technology causing the issue
  • Need to build a full understanding of whether 5G is the answer

Identify the appropriate implementation model for 5G

  • Strategic fit: Private and public options each have their own benefits, but companies need to understand which features are more aligned with strategic objectives
  • Capabilities: Evaluate the costs and time implications of acquiring 5G capabilities in a private network
  • Total cost: Private networks will require capital expenditure, but the accumulated, multi-year cost over public networks might be higher

Build futureproof solutions by adjusting the connectivity roadmap with 5G evolution

  • Collaborate with the 5G ecosystem to launch pilot projects
  • Re-examine connectivity requirements at regular intervals to adjust the roadmap when new features become available
  • Be ready as 5G expands to a greater number of locations

Learn more about the significant appetite for 5G and how companies can be ready for all it can deliver

75%

Manufacturing and asset-intensive companies believe 5G will be a key technology enabler for their digital transformation in the next five years

44%

Manufacturing and asset-intensive companies believe connectivity issues pose the big challenges for their digital transformation initiatives.

65%

Manufacturing and asset-intensive companies are willing to implement 5G within two years of availability.
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