![]() “I think businesses now understand that no matter how traditional they are, how they’ve been operating, that now is the time to update how they work.” “Businesses are realizing that there is a cost to some of the legacy things that they’re doing, and that it can be an impediment to making their business efficient,” Robin Gregg, CEO at RoadSync, told PYMNTS. 1.įirms both want and expect 5G to drive better visibility around things like inventory ordering, forecasting and analysis, preventative maintenance, real-time asset management, and more, depending on the sector in which they operate. “The Industrial 4.0 revolution was based on digitization, and it’s starting to mature now,” Prateek Kathpal, president and CEO of SymphonyAI Industrial, told PYMNTS in an interview posted Dec. 5G networks offer the best way to power the connectivity required for these innovations. That’s because as 2024 approaches, agility, automation and artificial intelligence (AI) are the name of the game for businesses looking to compete and win. In today’s shifting economic landscape, equipping industry with reliable and fast communication and intricate process management has never been more crucial. 4), AT&T, in collaboration with Ericsson, announced that it plans to spend roughly $14 billion over the next five years on infrastructure critical to commercially scaling open radio access networks (open RAN) across the U.S. Rounding out the drumbeat of 5G pushes, on Monday (Dec. “Private 5G represents a significant inflection point in wireless connectivity - providing a major technology and performance upgrade that will drive enhanced visibility and operational benefits for enterprise customers,” said Julie Johnson, senior vice president and general manager of enterprise mobile computing, Zebra Technologies.Īlso on Wednesday, T-Mobile announced that in partnership with Ericsson and Qualcomm it was able to test 5G standalone millimeter wave on its production network, delivering speeds topping 4.3 Gbps - a network first. Read also : Connectivity Defined the Past Decade - Interoperability Will Shape the Next Verizon Private 5G, as the name heavily implies, is a private 5G network for enterprises that can be customized to their needs. ![]() 6), Verizon and Zebra Technologies announced the launch of purpose-built mobile device and software solutions designed to help Verizon Private 5G customers simplify processes for their frontline workers in transportation and logistics, retail, manufacturing, and other industries. ![]() It’s because 5G broadband networks give a significant boost to data transfer speeds and allow for highly integrated digital connection, and the rapid rise in digital connectivity over the past decade has radically transformed enterprise and industrial operations while accelerating the importance of real-time data and operational connectivity.Ĭarriers like Verizon, AT&T and T-Mobile are leaning into the new year with major 5G technology and performance upgrades, and even purpose-built devices. 5G broadband networks are viewed by many as a business-first digital innovation and enterprise revolution.Īnd that isn’t because, from a consumer standpoint, 5G networks are just around the corner from being just around the corner as we head into 2024.
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