New technologies create an opportunity for market leaders to assess capabilities and anticipate changes in the competitive landscape in order to capture premiums for new services and solutions. Will your company be ready and able to utilize the power of 5G to increase enterprise value?
According to a Harvard Business Review article: “Many of the new applications 5G technology makes possible will be nurtured by interconnected ecosystems that cross traditional supply chain and industry borders. Any hope of capturing even a fraction of the value 5G will ultimately release, will require early and sustained intervention, perhaps in the form of industry consortia, along with a balanced portfolio of corporate venture funding. The time is now to begin identifying partners, and experimenting with new forms of collaboration and co-investment.”
The potential of the 5G network is hard to comprehend. The initial opportunities exist in areas where automation has been limited.
Replace infrequent audits done by a human with a 24x7 instant alerting system that relies on low-power, low-cost, 5G sensor devices in remote locations or in-transit.
Change from traditional quality sampling to 100% inspection using sensors and exception management.The opportunities are everywhere, you just need to start looking for them.
N³ Innovation’s mission is to help corporate clients create measurable enterprise value by inventing the future. Clients have generated millions of dollars of revenue in new markets, with new products and new technologies.
Want to learn more about how 5G may change your business?