Oracle’s report “5G Smart Ecosystems are Transforming the Enterprise – Are You Ready?” surveyed 265 key business and IT decision makers at medium and large enterprises across industries.
The findings revealed that the overwhelming majority of enterprises are aware of the benefits that 5G can bring to their business, with 60 percent of IT and business executives saying they are already undertaking a strategic review of 5G network technologies, evaluating its potential impact on business objectives—the most salient being:
When asked about the importance of network qualities, the IT decision-makers highlighted network speed and resilience as key benefits they expect, but interestingly, business decision-makers focused on QoE, which was the highest-ranked network quality they said they would like with 5G. At the heart of that QoE they cited “extremely reliable mobile connectivity” as critical.
As for expectations around timing for 5G, it seems the majority of enterprises feel basic connectivity solutions to be deployed by 2021 and more advanced “transformative” capabilities to be available in the 2022-2023 timeframe. In the meantime, respondents noted that the “ecosystems” in which 5G will be structured will be based on 5G network-enabled solutions. That means CSPs will be critical enablers to those ecosystem buildouts.
Because 5G-driven smart ecosystems will be the foundation for new 5G-driven business models, there will be key innovations that arise from their evolution, namely:
With these innovations, smart ecosystems will be the means by which digital and IoT innovators build interconnected, scalable, service-oriented software capable of bringing together “things,” data, mobile apps and business systems and processes.
To learn more about smart ecosystems, download our new white paper “Be Digital: 5G Smart Ecosystems Are the Future” and visit us at Mobile World Congress at booth 3B30 in Hall 3 at #MWC 2019. Find out how to expand your competitive advantage with transitional 4G-to-5G network and monetization solutions, advanced cloud capabilities, and end-to-end security and SD-WAN solutions.