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The aftermath of COVID-19 necessitated a homogeneous confluence of the physical and the digital realms, giving rise to a “phygital” ecosystem. ICT innovations driving Industry 4.0 effectively enabled such an ecosystem, ensuring business continuity amidst uncertainties. Machines have become adept at collecting and churning data in real time, taking proactive decisions based on analytics. For machines of the present and the future to function optimally, next-generation network infrastructure is imperative.
That said, the current network infrastructure is an impediment for IoT, AI/ML, AR/VR/XR and cloud to perform up to their full potential. So, the only way forward is ushering in a new breed of network infrastructure that allows new-age solutions to interact, parse data and take decisions real time.
Broadband and 4G paved the way for digitalisation of front-end systems – ordering food, medicines, clothes, etc. Next-generation networks will do the same for challenges that are more industrial and back-end in nature. Such as :
Leveraging smart packaging
To ensure brand protection and more
Delivering immersive experience
In densely populated sports environment
Enhancing travel experience
Through smart services, AR-based navigation and more
Optimising supply chain
For high-precision manufacturing and assembly lines
Streamlining medical services
In remote regions to ensure better care
Extending BFSI to remote areas
To reduce TATs for financial services
Minimising production errors
Caused by manual processes
Increasing operational efficiency
To improve order management and stock monitoring
Next-generation network infrastructure is poised to revolutionise several areas in various industries, including:
Manufacturing
Provide greater flexibility and improved productivity with smart factories and more
Healthcare
Facilitate real-time e-healthcare applications with connected ambulances and more
BFSI
Deliver touchless, safe, fast and easy-to-use customer experience with advanced technologies
Lower latency, higher bandwidth and greater device concurrency are the key differentiators of 5G, which promises tighter security, superior control, higher flexibility and greater performance to healthcare, manufacturing, gaming and other industries.
Next-generation networks, like 5G, will enter the world in 3 different bands :
Low band
Will be connecting the rural areas
Mid band
Will be connecting vast areas with moderate speed
High band
Will be connecting smaller areas like factories, warehouses, etc., with very fast speed
According to KPMG TMT industry CEO outlook 2020, only 6% of organisations are ready for network virtualisation, cloudification and edge computing – all of which are business-critical technologies today. To put that in global perspective, 58 countries have already established the 5G network as of June 2021 , with availability as high as 49%, according to a Global Mobile Suppliers report. India is preparing itself to keep in pace with 5G-enabled countries. Enterprises in the county are already gearing themselves for 5G adoption to survive and thrive in the constantly-evolving business landscape.
Businesses – from MNCs to start-ups – need holistic understanding of the next-generation network capabilities and their industry-wise and functionwise application to strategically churn its benefits. This report delves deeper into the urgency for new-age connectivity infrastructure, its advantages and benefits and how enterprises can transition to leverage it optimally.
Embark on a journey to understand that the future of retail in India is both in the store and online.
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