5G Tech Ushers Wave Of Extraordinary Business Opportunities

News Desk

Islamabad: 5G technology (the 5th Generation Mobile Network) has been in use across all industries and countless households around the world and is changing the way people work and live, creating tremendous economic, industrial and social value, stated Mobile World Congress (MWC) Shanghai Chief Financial Officer Sabrina Meng.

The commercial usage of 5G technology would herald a new era of seamless connectivity, empowering individuals and propelling industries towards a future of untapped potential.

In her keynote address titled ‘Embracing 5G Transformation’, Meng added that 5G has been in commercial use around the world for four years now. It’s driving new value creation, and 5.5G is the next step forward.

With its transformative capabilities, 5G is set to revolutionize the way people connect while simultaneously ushering in a wave of extraordinary business opportunities, particularly in the realms of the Internet of Things (IoT), sensing, and advanced manufacturing.

This will enable industries to harness data-driven insights, optimize operations, and create intelligent, interconnected systems that drive efficiency and innovation. Sensing technologies, utilized in fields such as environmental monitoring, healthcare, and smart cities, will also witness a significant boost from 5G.

Industries are set to benefit immensely from the targeted support that 5G brings to industrial needs. The Internet of Things (IoT), which connects an ever-expanding network of devices, will flourish under 5G’s enhanced capacity, reliability, and low latency. With its high-speed connectivity and ability to handle vast amounts of data, 5G facilitates real-time data collection, analysis, and decision-making, enabling timely and informed actions to address critical challenges and improve the quality of life.

Huawei Rotating Chairwoman Sabrina Meng further said, “Science and technology are moving towards large, complex systems. This requires matching technology to specific scenarios and performing systems engineering to pave the way for 5G’s ongoing success.”

5G is creating value along three different fronts, and science fiction can only sketch the future, but science and technology can turn imagination into reality, Sabrina added.

For consumers, 5G, the cloud, and AI have set off a chain reaction, creating an environment where all buyers can also be sellers. For industries, 5G has become a new driver of productivity.

There’s greater alignment than ever between technology suppliers, their partners, and customers, and 5G can provide the most value. Strategic patience, an in-depth understanding of industrial scenarios, and ongoing improvements to ROI have given 5G a foothold in industrial applications, Chairwoman Meng added.