The top 5G-enabled capabilities or applications that CIOs and CTOs in the Global Fortune 1,000 anticipate will have the most impact on their business or industry also varied across survey respondents.
5G represents a seismic shift that has the potential to unleash a new generation of innovation and optimisation for businesses, from increased network security and the enablement of private networks, to truly unlocking the Industrial Internet of Things (IIoT),” said Raj Radjassamy, 5G and Wireless Segment Leader for ABB Power Conversion. “The transition to 5G is so much more than an incremental network advancement, with implications reaching far beyond consumer smartphones. For example, less than a quarter of respondents had entered or completed the project and process planning stage (24%) at the time of the survey. While many survey respondents are getting ready to embark on their 5G journey, or have already, the course to 5G implementation is not one-size-fits-all – and many respondents are at different stages. It examines transition timelines, level of investment, implementation plans and evaluation criteria surrounding the selection of network and infrastructure providers, as well as business use cases, priorities, key considerations and hesitations.Īccording to the report, when it comes to 5G transition timing, 83% of respondents have either transitioned to 5G or anticipate doing so within the next two years. That’s one of the key takeaways from the new data report from ABB Power Conversion, Destination 5G: How Global Fortune 1000 CIOs and CTOs are Charting Their Course.īased on a survey of 204 Chief Information Officers (CIOs) and Chief Technology Officers (CTOs) in the top 1,000 companies on the Global Fortune index across the US and select European countries, the report reveals new insights into how global technology leaders are navigating the transition to 5G.
Once fully deployed, 5G has the potential to drastically transform enterprise operations and industries.
ABB survey uncovers top priorities and challenges for wider-spread 5G deployment security and reliability take centre stage.Ĭonsumers are already starting to experience 5G network speeds on their mobile devices, and at a business level, it may be as little as two years until enterprises start realising the true impact of 5G.
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