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A Perspective on Harnessing the Potential of 5G

The advent of 5G networks has caused a great debate within the global telecommunications sector. The new generation of wireless networks is viewed as a savior by some, set to transform the industry back into a growth engine; to others, it looks to be another huge capital expenditure with an uncertain use case. For 5G to reach its full potential of becoming a significant revenue source, carriers need to adopt an ‘outside in’ approach to innovation.

25 October 2022 • 2 min read

It is no longer the engineering that presents the biggest barrier to realizing the full potential of 5G technology, but the commercialization of the new wireless system in a mature market beset by pricing pressure.

For 5G to reach its full potential of becoming a significant revenue source, carriers need to adopt an ‘outside in’ approach to innovation, rather than the traditional ‘inside out’. This has not been the industry’s strong point until now, as carriers are pipeline businesses that like to control as much of the value chain as possible. They trade well but partner poorly. An example being telecoms companies failing to collaborate around mobile payments, which has allowed technology companies to step in and snap up revenue streams.

As telcos consider new operating models and capabilities, they will need to rapidly adapt to a world of smart partnering, multi-party revenue shares, joint go-to-market approaches, partner technology enablement and systems integration.

In this white paper, you’ll discover:

  • Whilst there are networks around the globe that have launched some form of 5G, Asia remains the frontrunner.
  • Research, engineering and development of 5G technology is not done in isolation. A number of carriers, including those in the UK, have also started to prepare for the new wireless era.
  • How NTT DATA uses a partnership model to foster the development of new companies outside of test labs and to harvest a range of ideas, helping to change the perception of 5G from just a technology to a platform that can tackle real-world problems – for example working with ARM, Microsoft and Samsung to revolutionize clinical practice at Great Ormond Street Hospital.
  • That sports and cultural events can be the ideal place for 5G innovation and ideation, as well as showing the potential 5G brings to the broadcast sector.
  • The importance of use cases, and how at its heart, 5G is a connectivity play – but 5G device development will likely determine both the consumer experience and the more urgent needs of industry.

Download to read the full white paper and find out how the future of emergency services communications, automotive, fast moving consumer goods and utilities will all be defined by 5G – and how your business can harness the  full potential of 5G technology.

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