REDWOOD SHORES, Calif., Feb. 21,
2019 /PRNewswire/ -- While much of the discussion
around 5G has centered on consumer devices, enterprises are looking
towards the tremendous impact the technology can have on their
ability to serve customers and the bottom line. Not only are most
companies (97 percent) aware of the benefits of 5G, but 95 percent
are already strategically planning how they will take advantage of
this next generation of wireless connectivity to power core
business initiatives from new services, to IoT and smart
ecosystems.
The Oracle Communications study, "5G Smart Ecosystems Are
Transforming the Enterprise – Are You Ready?," surveyed 265
enterprise IT and business decision makers at medium and large
enterprises globally in December 2018
to find out how businesses are thinking about 5G today and its
potential significance moving forward.
"Enterprises clearly want to capitalize on the promise of 5G,
however, to be successful, IT and business leaders must avoid
thinking of 5G as just another 'G,' and should instead consider it
as an enabler to the smart ecosystem we have long talked about,"
said Doug Suriano, senior vice
president and general manager, Oracle Communications. "This means
asking the right questions at the outset, and considering how 5G
can help enable upcoming solutions, what timeframe should be
considered and how will they will procure and use 5G capabilities
as part of their business evolution."
Born in the cloud, 5G will have the ability to enable
enterprises to provision or "slice" core pieces of their networks
to power mission-critical new offerings and smart ecosystems. This
can range from anything to providing the highest speed connections
for life-saving 911 services, to enabling autonomous vehicles to
communicate with each other quickly; to ensuring IoT devices in
smart factories are providing real-time information on the health
of machines and assets.
Outside specific initiatives, respondents believe 5G will have a
wide-spread impact across their business, including increasing
employee productivity (86 percent), reducing costs (84 percent),
enhancing customer experience (83 percent), and improving agility
(83 percent). Business decision makers are most focused on quality
of experience the technology will bring, while IT is concerned with
network speed and resiliency.
Unleashing the Promise of 5G Ecosystems in the
Enterprise
When it comes to 5G, enterprise are most focused
on:
- Unlocking the potential of IoT: Beyond initial benefits
such as speed and quality of experience, 84 percent of respondents
feel that 5G networks will be transformative and have a lasting
impact on the way their companies do business. Another 73 percent
agree the IoT will be revolutionized by 5G networks and 68 percent
feel it will be transformative to their customers.
- Monetizing new services: Eighty-percent expect 5G to
generate new revenue streams for their business. Forty-one
percent of the respondents would deploy new monetization solutions
specifically for 5G services alongside existing systems, while
thirty-four percent say they would replace their existing systems
with a single, converged solution for all services. Just about one
in five (22 percent) said they will utilize and extend existing
monetization solutions with 5G.
- Experience and efficiencies: Eighty-four percent of
respondents agree that 5G networks will be transformative and have
a lasting impact on the way their companies do business. While
business respondents are focused on the quality of experience
improvements made possible by 5G, IT respondents care more about
the network technologies and the internal efficiencies 5G may
enable.
- Security: While excited about the potential of
5G, both business and IT respondents cited security as a top
priority. 51% of respondents ranked security as their highest
concern.
Oracle's survey also explored 5G's potential role in solutions
as varied as live streaming, industrial automation, smart homes and
buildings, connected vehicles, immersive gaming, augmented and
virtual reality. To learn more, click here to access the report or
infographic.
About Oracle Communications
Oracle Communications
provides integrated communications and cloud solutions for
Service Providers and Enterprises to accelerate their digital
transformation journey in a communications-driven world from
network evolution to digital business to customer experience.
www.oracle.com/communications
To learn more about Oracle Communications industry solutions,
visit: Oracle Communications LinkedIn, or join the conversation at
Twitter @OracleComms.
About Oracle
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complete suite of integrated applications for Sales,
Service, Marketing, Human Resources, Finance, Supply Chain and
Manufacturing, plus Highly-Automated and Secure Generation 2
Infrastructure featuring the Oracle Autonomous Database. For
more information about Oracle (NYSE: ORCL), please visit us
at oracle.com.
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SOURCE Oracle