As frictionless connectivity becomes a pivotal element for the operational efficiency of digital businesses, 5G integration arises to ensure expedited data transfer for real-time interactions between companies and consumers. However, embracing this cutting-edge technology is not without its challenges. Companies face the daunting task of ensuring compatibility with 5G, which demands substantial investments in scalable and flexible network infrastructure.
In Mexico, the anticipated impact of 5G technology on companies’ digital transformations is poised to be profoundly transformative. It promises to usher in enhanced business efficiency through streamlined production and automation, as part of a growing portfolio of application use cases. This outlook was confirmed by Fabián Monge, Country Manager, Ericsson Mexico, who noted that "two-thirds of envisioned 5G use cases are still in the development phase, underscoring the immense potential at hand."
While 5G networks are poised to spur innovation, curtail operational failures, and elevate customer experiences, as explained by Monge, there are still numerous unexplored applications. One of the most exciting is in the predictive analysis of potential failure scenarios in organizations. Traditionally, before 5G, this was a time-consuming process, taking an average of two to three weeks to identify. However, "the connectivity provided by 5G enables companies to leverage real-time data capturing algorithms, reducing prediction time from three weeks to 15 minutes,” says Monge. In short, the robust connectivity offered by 5G, provides companies with the necessary bandwidth to deploy machine learning algorithms needed to respond, adjust, and pivot their operations as needed.
In light of this potential, Monge emphasizes that the integration of technologies like 5G and edge computing "must become a priority for companies carrying out complex operations that need to be efficiently virtualized.” These technologies play a pivotal role in streamlining cloud processes and enhancing predictive risk scenarios related to supply chain operations, effectively improving time-sensitive tasks and elevating the overall quality of products.
Looking ahead, as the adoption of IoT devices continues to surge, the indispensability of 5G technology becomes increasingly evident. At pace, Ericsson's research predicts that over 24 billion interconnected devices will be operational by 2050. To ensure the sustained interoperability, frictionless connectivity will be paramount, directly affecting operational efficiency and business continuity. However, the adoption of this technology requires financial and infrastructure assessments to guarantee its effective integration, warned Monge.
Altogether, there is no doubt that 5G technology is expected to transform the way in which we experience the world around us. In fact, just as “the internet democratized knowledge and information, extended reality powered by 5G will likely democratize experiences by introducing new alternative digital dimensions,” predicts Monge.