by Angela Guess
A new press release reports, “A new report from Navigant Research examines the 5G technology standard and its use cases, focusing on smart grid applications and possible business model opportunities. 5G communications technology is expected to underpin the Fourth Industrial Revolution, where the confluence of ubiquitous mobile broadband, pervasive sensing, and artificial intelligence promises to drive massive change across industry and society. This coming generation of wireless communications promises to make the Internet of Things (IoT) and the Internet of Energy (IoE) a reality, while delivering added benefits for power utilities.”
The release continues, “In addition to enabling smart fleet management as well as edge computing and cloud technologies for distributed automation and intelligent control, 5G networks may also provide new business model opportunities to power utilities, according to the report. Because the technology depends upon dense small cell architecture, opportunities for utilities to partner with carriers could arise, making dispersed assets such as poles, wires, and rights of way valuable assets. The report, 5G and the Internet of Energy, provides an overview of the 5G technology standard and its use cases. It discusses the many smart grid applications these networks will support and proposes certain business model opportunities it may create. The report also provides a discussion of the global carriers and infrastructure vendors that are leading the charge toward the 5G future.”
Read more at Business Wire.
Photo credit: Navigant Research