5G ENSURE has received funding from the EU Framework Programme for Research and Innovation H2020 under grant agreement No 671562 | Duration November 2015 / October 2017
Submitted by s.parker on February 26, 2016
Ericsson's spotlight answers two key questions about 5G: What's 5G and what transformations will it bring to industry and society?
5G will enable organisations to move into new markets and build new revenue streams with radically new business models and use cases, including Internet of Things (IoT) applications.
5G is the foundation for realising the full potential of the Networked Society. The new capabilities of 5G span several dimensions, including tremendous flexibility, lower energy requirements, greater capacity, bandwidth, security, reliability and data rates, as well as lower latency and device costs.
Like the transitions to 2G and 3G, the move to 5G will add a new element: the industrial internet. And like the transition to 4G, it will be much higher performance than the previous generation. But it will be much more than that. We'll see new as-a-service business models based on network slicing. Network slices in the context of 5G will be like virtual networks on-demand. 5G will enable more secure transactions and the energy efficiency to enable IoT devices with a battery life that is 10X longer than today. All this will create opportunities for new use cases that we haven’t yet dreamed of, new markets, and radically new business models.
Watch the video with Ulf Ewaldsson, Senior Vice President and CTO, Ericsson
