5G and the Internet of Vehicles (IoV) has the potential to transform the way we move people and things from one place to another. In a city setting, IoV and 5G will act as city planners and logistics managers rolled into one. Data and automation will optimize traffic light coordination and send garbage trucks on automated routes. The city of the future? Anything engineers can imagine.
5G adoption is slowly, but steadily rising; and will enable new innovative services and business models both for mass market and enterprises. To successfully sell new 5G-enabled offerings, service providers will need to find the right commerce platform to support several key requirements common across many 5G-enabled services and business models.
Excitement over the arrival of 5G into the market means new realities and game-changing outcomes. But not all without a few concerns to address along the way. From an enterprise perspective, any change in technology can be costly and intensive. Are the rewards of 5G worth the costs of updating the devices of an enterprise?
5G adoption will accelerate Digital Transformation for enterprises across the world. It will enable hyper-personalization of consumer services, evolution of B2B services and broad adoption of M2M/IoT. To capitalize on the opportunity enterprises will need robust commerce solution supporting real-time transactions, digital touchpoints and new business models.
The anticipated low communication latency and increased network speeds with 5G are drastically heightening further interest in areas where real-time data processing and augmented/virtual reality (AR/VR) will be prevalent.