technology
Europe’s struggle to build a truly global tech giant
5G: Europe’s chance to lead for a decade 5G is going to be the new internet, Europe missed the internet, we have telecoms – the big end is internet. Europe cannot miss the opportunity of missing 5G. 5G will enable much more; it will be a big business model transformation – we are reasonably well on track.
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xpectations of 5G is quite high, with the innumerous assumptions that it will deliver a transformative experience, opening up to a world of new applications and new business models on the back of gigabit speeds, improved network performance and reliability. 5G networks are forecast to deliver very significant economic
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gains. The European Commission considers 5G to be the most critical building block of our digital society in the next decade and has earmarked a public funding of €700 million through the Horizon 2020 Programme to support this activity. At iCPS, we believe 5G can be a key enabler — not only for a better generation of internet networks, but for a new wave of the digital revolution. It is bound to change productivity and transform many industries. It will provide a strong background for the data-driven economy and thus change the economy horizontally. It will reduce prices and democratise smart cities, enabling the improvement of European citizen’s lives. Public services will be provided by a new
efficient generation; personalised and contextualised. This can affect a plethora of aspects of life: from social media to the health sector. It will generate completely new services through various types of apps and systems, new possibilities for healthcare delivery, education, autonomous driving, tailored entertainment and commercial services tailored to customers’ expectations. As enabler of many other technologies, much more can be done to embrace all challenges and opportunities that 5G presents, in particular, to vertical stakeholders. Upon competition, 5G network infrastructures will be a breakthrough in the sector, comparable to the smartphone revolution, or as some might argue — the
internet. As enabler of many other technologies, much more can be done to embrace all challenges and opportunities that 5G presents, in particular, to vertical stakeholders. Its myriad opportunities can solely be enhanced if vertical stakeholders embrace the possibilities that 5G brings. Stakeholders believe that cooperation between telecom organisations and verticals should be in place since research phases — albeit this has not been the case up to now. It is time for all partners and the European Commission, in cooperation with industries and research institutions, to test and re-test solutions related to the network latency and responsiveness, increased network