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Explore 6G’s role in building a connected business ecosystem

The Elite Times TeamBy The Elite Times TeamMarch 12, 2024No Comments5 Mins Read
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At the intersection of technological innovation and underlying infrastructure lies the potential for ignition. But for the innovation spark to ignite, there needs to be a successful use case or paradigm-shifting application built on an infrastructure that can drive large-scale adoption.

The White House therefore issued a joint statement with the governments of Australia, Canada, the Czech Republic, Finland, France, Japan, South Korea, Sweden and the United Kingdom, expressing a shared intention to advance research and development. and standardization of 6G networks.

This, at least in theory, would solve the infrastructure issues surrounding 6G, the designation of a future technology standard for sixth-generation technology for wireless communications.

What remains to be solved are business and commerce use cases that will help extend 6G across countries and drive widespread adoption.

To complicate matters somewhat, while 5G, the current gold standard for connectivity, has succeeded in doing what it needs to do from an infrastructure deployment perspective, It started during a time when we were stuck at home due to the pandemic. Get all the connectivity and speed you need via basic Wi-Fi. This was a situation that in many ways hindered the development of killer use cases.

Therefore, 6G needs to come up with unique use cases for enterprises that can accelerate the adoption of 6G broadband and support better and more efficient commerce.

read more: Tomorrow’s most important B2B investment is usable digital infrastructure

Prepare your business for tomorrow’s 6G environment

6G technology is considered key at the supranational level as it relates to economic competitiveness, national security, and societal functioning. This has become a national priority in many countries, as evidenced by a recent White House joint statement, with the most 6G patents filed in China and the United States, both in other countries. exceeds the amount applied for.

Although currently still in development, many 6G networks are expected to be deployed and operational by the late 2020s, with some countries, including South Korea, targeting 2028.

Given multi-year planning, enterprise use cases that are likely to drive 6G broadband adoption include leveraging the technology’s speed, low latency, and connectivity to deliver innovative solutions and experiences across multiple industries. What it offers, and potentially applications that help democratize access to 6G broadband. Current innovations such as artificial intelligence (AI), augmented reality (AR) and virtual reality (VR), self-driving and connected cars, and other advances whose unit economics are a current bottleneck to adoption. is.

See also: What early adopters can tell us about electric cars, impossible foods, and buy now, pay later.

As just one example, 6G’s expanded capacity and connectivity could support the massive adoption of Internet of Things (IoT) devices. Companies are likely to leverage IoT for real-time monitoring, predictive maintenance, and process optimization across various industries such as manufacturing, agriculture, and logistics.

“The Industrial 4.0 revolution is based on digitalization and is now beginning to mature,” Prateek Kathpal, president and CEO of SymphonyAI Industrial, told PYMNTS in an interview published Dec. 1. 6G adoption required a shot in the arm across traditionally traditional sectors where connectivity is likely to be impacted.

Additionally, 6G’s low latency and high bandwidth could revolutionize healthcare delivery, enabling remote surgery, real-time telemedicine consultations, and advanced medical imaging technologies. Healthcare companies can leverage these capabilities to improve patient care, increase efficiency, and expand access to medical services.

In the banking industry, 6G’s high-speed connectivity will make mobile banking more seamless and efficient, enabling faster transactions and customized real-time financial advice through chatbots. Financial institutions can also provide personalized services and customize offers based on customer needs.

read more: Finding the product market FIT in the digital economy

“Companies are realizing that some of their traditional initiatives are costly and can hinder business efficiency,” Robin Gregg, CEO of RoadSync, told PYMNTS. I’m starting to realize that,” he said. “I think companies are understanding that no matter how traditional they are and how they have operated, now is the time to update the way they work.”

6G’s ability to enable real-time data transfer at unprecedented speeds provides businesses with detailed in-the-moment insights that can be leveraged as critical value-adds and competitive differentiators.

This will be especially useful across applications that companies are now starting to consider in innovations such as AI, which will make things like AI agents and autonomous chatbots cheaper, faster, and more convenient.

And 6G will be rolled out in tandem with many other background innovations that are permeating across the business landscape, helping things like warehouse robotics and the ongoing digitization of everything.

Importantly, 6G is being looked at by experts to make technological phase shifts on the horizon, such as quantum computing, more widely available.

See more: 5G, 6G, AI, Artificial Intelligence, B2B, B2B Payments, Banking, Connected Cars, Connected Economy, Digital Transformation, Government, Healthcare, Innovation, Internet of Things, News, PYMNTS News, Technology

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