In countries where 5G is launched, remarkable growth could be seen in mobile data traffic. Reason? 5G's inherent capability to deliver significantly faster data rates, higher availability, low latency, and cheaper cost per bit makes it easier to use and share Ultra High Definition (UHD), Augmented Reality (AR), and Virtual Reality (VR) content. 5G will connect massive amounts of embedded sensors, enabled by IoT, in almost everything while supporting extremely low power consumption devices. There will be "smart" everything – from things to sectors – like smart cars, smart cities, smart factories, smart healthcare, smart agriculture, and so on.
To realize and enable the benefits of IoT, Telecom must devise a strategy centred around effective & efficient management of the data generated by the IoT devices. The next step is to validate or redesign their infrastructure for compatibility. The industry also needs to build a robust security network to address the growing volume of data transmissions, legacy technology, and signaling protocol.
The Value of Telecom Data
With the explosive increase in data globally, driving operational intelligence to realize immediate business opportunities is no longer a good-to-have capability. The good news is the telecom industry has an advantage over others owing to the sheer depth and range of data it collects during the normal course of business.
Although it will take a few more years for 5G to meet the market's coverage and density needs, the right approach could accelerate demand and investment. In the meanwhile, the use of IoT will continue to proliferate as existing technologies improve.
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