What’s the buzz about 5G?

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Report by KPMG in 2019 estimates that US$4.3 trillion in value can be unlocked by 5G across major industry verticals. The firm derived this number by analyzing how 5G use cases can address challenges faced by specific industries.

The use of technologies like IoT, AI, AR and VR, which are enabled by 5G, can create new products or revenue streams, save costs and increase resiliency in various industries. It can also transform businesses to be more agile and flexible.

For instance, the KPMG report presents a case study of how 5G can transform the manufacturing industry. Currently, many factories are run on a linear process, where machines are pre-set and managed by people.

Read the full article as published by The Edge Malaysia or click here to read the online article.

© 2022 KPMG PLT, a limited liability partnership established under Malaysian law and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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