As the Mobile World Congress 2019 (MWC19) dust settled, we took the time to share KPMG’s highlights from the event.
The theme for this year’s MWC19 was Intelligent Connectivity which highlighted the importance of the integration of a flexible, 5th generation mobile network, IoT, AI and big data. In addition to the core elements of Intelligent Connectivity, MWC19 explored key topics that telecommunications industry leaders should know when investing in the 5G future.
Unlocking the benefits of 5G for the enterprise customers
Alex Holt, Global Chair for Media & Telecommunications at KPMG, delivered the keynote presentation on unlocking the benefits of 5G for the enterprise market.
While telecommunication companies are excited for the opportunities 5G presents in the near future, they are concerned about the costs to build out the new networks and the return on that investment. Industry experts predict that the greatest benefits of 5G for telcos will likely emerge in the enterprise market. An estimated £3.35 trillion in value to be unlocked through use-cases over the next 7 years across government, finance, healthcare, manufacturing, consumer goods/retail, and technology/media/telecom industries.
Industries that will gain the most from 5G opportunities
New 5G DNA to capture the next golden swan
Futuristic growth areas are indeed promising, creating compelling new opportunities for telco companies — but competing in the 5G world will require a new DNA. Enterprises will need to have six components of the KPMG’s 5G Enterprise DNA model that will drive value for these businesses in order to capture value from 5G investments:
- Machine-enhanced decision making - minimising human error and improving the quality of decision making.
- Data-richness - unleash new business models through vast amounts of additional data from sensors.
- Visualisation - providing operations personnel or customers with deep knowledge and experience overlays.
- Agile automation - providing automation with minimal trade-off of customisation, flexibility or quality.
- Intelligent efficiency - ubiquitous access to data and computer power, reducing friction and waste, while enhancing quality.
- Trusted connection - providing critical services/products with security data and network uptime.
The DNA of an enterprise 5G use-cases
How will the future of 5G look?
The 5G future will not be a matter of throwing the 5G switch and seeing a new world emerge. There will be initial roll-outs in smaller areas, what we call campus-style or private networks. These smaller 5G mobile networks will solve enterprise problems and deliver innovations within ‘centralised’ verticals, for example, a localised smart-manufacturing environment.