- 5G has the potential to add 34% growth in revenue for operators
- Revenue from industry digitalisation will worth an estimated US$3.3 trillion by 2026
ERICSSON organised “5G Accelerating Digital Malaysia” at the Innovation Centre for 5G (IC5G) in Universiti Teknologi Malaysia (UTM) on May 23 to share insights and innovations on the road to 5G.
The event showcased the latest technology and use cases on how 5G enable telcos and industries to transform. It also demonstrated the benefits to Malaysian consumers and society.
The event included a panel discussion on 5G developments globally and the necessary steps to digitally transform local enterprises, leveraging on 5G.
According to Ericsson Malaysia & Sri Lanka head Todd Ashton, 5G has the potential to add 34% growth in revenue for operators, and that revenue for ICT players generated from industry digitalisation will worth an estimated US$3.3 trillion by 2026.
Celcom Axiata deputy CEO Azwan Khan Osman Khan shared insights on the opportunities captured from 5G when the networks can deliver higher throughput, lower latency, more devices per cell; and how the future will be about analytics and big data.
From the automotive industry perspective, Scania Southeast Asia Sustainable Transport Solutions manager David Lantz discussed the huge demand for efficient transport networks.
Currently working with over 250,000 autonomous vehicles, it is critical for Scania to deliver services that help their customers improve efficiency through connected vehicles which includes tracking the driver's performance, fuel consumption as well as reducing operational costs.
Ericsson also presented a set of principles that outline a clear path to becoming a powerful digital enterprise, in which network evolution, automated operations and new business models leveraging on new generation networks are required.
Intel Technology Asia Data Centre Platform regional director Eddie Toh supported the principles by speaking on the importance of companies becoming disruptors as customers become more digital savvy.
By embracing digital transformation, with the right IT infrastructure, companies can operate in a more agile way, respond quickly to the market with new innovative business models to create engaging customer experiences and capture digital services opportunities.
At the event, Ericsson also showcased some of the world’s first 5G radio products and applications, including the Ericsson 5G prototypes, 4K video streaming over 5G, virtual reality glasses, beam tracking and balancing robot along with many IoT demos including connected vehicles, connected water and smart parking.
In Malaysia, Ericsson is working with its partners to constantly introduce the latest technology and insights to Malaysian consumers and enterprise customers, supporting the Malaysian government’s vision to become a developed digital economy by 2020.
Ericsson established an Innovation Center for 5G in partnership with UTM last December, as an initial effort towards understanding the new generation technology and what it means for Malaysians. On May 18, Ericsson was first to showcase 5G in Malaysia, in collaboration with Celcom Axiata, achieving peak throughput of 18.0 Gbps and latency as low as 3ms.
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