5G for the Networked Society - 5G will enable organizations 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 expanding the potential of the Networked Society. The move to 5G will add a new element: the industrial internet. 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 expand the battery life of IoT devices by 10X. All this will create opportunities for new use cases that we haven’t yet dreamed of.
"5G is the biggest opportunity ever for our industry. We need to make sure there is one global standard that does not fragment terminal vendors and prevent the global scale that we have become used to with LTE. It is a global industry and teamwork is needed to achieve success.”
- Ulf Ewaldsson, Senior Vice President and CTO at Ericsson
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