5G on the Factory Floor
The desire to improve operating efficiencies is one of the main reasons we are starting to witness the proliferation of more manufacturing facilities investing in the IoT (Internet of Things). Many are calling it the fourth industrial revolution, otherwise known as Industry 4.0.
As a result, manufacturers recognize that connected factories can now trigger a service request or predict an issue before a machine fails. And with the emergence of 5G, manufacturers are looking to connect those things to automatically collect and analyze data to continue to make the necessary informed decisions in an effort to optimize factory production.
Analysts such as Gartner are predicting some 20 billion connected things by 2020 and Research and Markets, is reporting the global 5G market will soar to a whopping $277 billion by 2025, growing at a compound annual growth rate of 111% between this year and 2025.
To read more, visit https://connectedworld.com/5g-in-manufacturing/
It was explained to me this way. Companies don’t have to become digital companies, but they do have to leverage digital. I believe the same is true when considering 5G. We all must consider digital transformation and participate or be left behind. We are experiencing exponential change and we must be ready to adapt to it.
Digital Innovation/Technology Leader
5 年Peggy - at the risk of sounding very Jerry McGuire, as a leading 5G technologist, I'm still very skeptical about the long term benefits of 5G behind held out as part of the present day expectations for 5G. Am I mistaken...?