Connect with us

Hi, what are you looking for?

HEADLINES

Industry in southern Asia-Pacific gearing up for launch of 5G in 2020

A new report by MIT Technology Review Insights in association with Huawei, finds that digital transformation in Singapore, Malaysia, Philippines, Indonesia, Australia, and New Zealand is already heavily underway particularly in terms of internal systems, products, and services.

IMAGE FROM PIXABAY.COM

A new report by MIT Technology Review Insights in association with Huawei, finds that digital transformation in Singapore, Malaysia, Philippines, Indonesia, Australia, and New Zealand is already heavily underway particularly in terms of internal systems, products, and services. The digitalization of manufacturing and supply chains is lagging, but will be substantially accelerated by the launch of 5G.

The report, From follower to leader: Digital transformation and the road to 5G, is based on a multi-industry survey of senior technology executives across the six Asia-Pacific markets as well as expert interviews. It examines how companies are deploying Fourth Industrial Revolution (4IR) technologies such as cloud, IoT, artificial intelligence (AI), big data, robotics, blockchain, and virtual and augmented reality, as well as preparing for the opportunities that will open up through 5G.

Key findings include: 

  • Companies are already making strong progress with digital transformation in internal systems, products, and services. Cloud and IoT are the most established 4IR technologies, with 29% and 34% of respondents having already deployed these for one year.
  • Improving customer experience is the single biggest driver of technology adoption across the region, followed by increasing the speed of decision-making and increasing operational agility. The high cost of deployment is the number one challenge to further digitalization.
  • 5G is expected sooner rather than later. Two-thirds of respondents report that there are active conversations taking place inside their organizations about the future impact of 5G, yet only 46% say that there is a good understanding of the benefits that 5G will bring. Nevertheless, 65% expect 5G to be available in 2020, with a further 18% anticipating 2021 as a more likely date.
  • Collaboration and ecosystem development will further fuel digital transformation. Only 35% of respondents believe that there is sufficient infrastructure in terms of regulation, connectivity, and public services to support further digitalization, which shows there is more to be done.
  • Some 82% of survey respondents think infrastructure upgrade costs are the key 5G hurdle that telecom operators will need to overcome, yet 83% believe that telecoms will take the lead in the future 5G ecosystem. A further 70% feel that governments should create a collaborative environment for 5G.

“This survey finds that executives in Asia-Pacific are bullish on new technology, with the majority having plans to launch either AI, automation, or IoT within a year,” says Claire Beatty, editor of the report. “They also have high expectations that 5G will be available within the next two years, and that the manufacturing, financial services and automotive sectors will benefit the most.”

Download full report here: https://insights.techreview.com/from-follower-to-leader/

Advertisement. Scroll to continue reading.
Advertisement

Like Us On Facebook

You May Also Like

GAMING

A reason for these breaks may be to find a distraction from high workloads, which was also cited as the most common reason to...

BUSINESS

In the Philippines, manufacturing industry has the biggest share in safety related accidents since 2015 according to the Philippine Statistics Office’s data on Safety...

HEADLINES

These new partners include FAW-Volkswagen, Anker and NXP Semiconductors —leaders in their respective fields of automobiles, portable charging, and chip manufacture. Between them, their...

Biz Solutions

IBM announced the availability of Red Hat software on IBM Power Systems, as well as new IBM Power Systems hardware.

HEADLINES

Providing a sense of security for its subscribers has pushed Converge to also provide quick access to online support while raising awareness through online...

HEADLINES

New research published today in JAMA Network Open shows the effectiveness of a digital healthcare treatment with the potential to save insurance companies and...

APPS

Compared to patients who did not use mHealth applications, patients who used the apps had better health outcomes and were able to regulate their...

HEADLINES

Now in its ninth year, the IdeaSpace acceleration program aims to attract tech and tech-enabled startups focusing on sectors creating new essentials for individuals,...

Advertisement