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5G is a powerful innovation platform

The tech world continues to change and evolve, and it’s important to keep up with the changes. Globally, industries with edge presence - including communication service providers, retailers, manufacturers, transport businesses, healthcare and media/entertainment providers - face pressures to build more digitized businesses and new digital experiences for their customers. Organizations have a tremendous opportunity to digitally transform their businesses with 5G and cloud capabilities like artificial intelligence and machine learning at the edge. The pandemic gave us a glimpse at how cloud platforms and connectivity can come together to deliver ingenuity in how we work, live and connect. But as telcos race to harness 5G and Edge, the critical question has now become: can they avoid the same fate that recently befell legacy media companies when cloud hyperscalers and direct-to-consumer streaming conspired to take the lion-share of the profits in the media value chain?

5G is a powerful innovation platform. Combined with edge cloud capabilities, 5G has the potential to accelerate the digital transformation of virtually any sector of industry or society. 5G will require Telcos to radically change their model to address the enterprise market and provide more advanced mobile broadband services. 5G brings a new paradigm to consumers and enterprise. 5G will provide 10x faster speeds, ultra-low latency, and deterministic reliability. This technology will enable a new range of services, including driverless vehicles, remote robot controlling, VR/AR, and real-time gaming experiences, among others. The reality is 5G will bring significant costs to the telcos including licensing spectrum, building infrastructure and managing a complex real-time platform. Nearly all major telcos have announced their commitment to spending billions of dollars in the coming years on infrastructure to support 5G. .