According to a report by Ernst & Young (EY), 70 per cent of surveyed enterprises in India plan to make the highest investment in 5G as compared to other emerging technologies such as quantum computing, analytics and artificial intelligence (AI) in the next three years. 57 per cent of surveyed enterprises believe that 5G will improve network speed, 52 per cent believe that the technology will offer reduced latency, and 50 per cent expect to benefit from private and secure network capability at specific locations.
As per the report, 5G has the potential to unleash limitless possibilities and drive innovation. Businesses can start leveraging 5G to transform business operations, disrupt competition and outpace rivals, and even unleash innovation. Besides, enterprises are also exploring 5G’s relationship with other technologies such as AI. The respondents want to explore 5G’s impact on future business models, as well as explore its benefits over 4G and Wi-Fi.
However, the report notes that a lack of understanding of 5G’s relationship with other technologies is a significant challenge for enterprises, with 43 per cent of respondents stating so. Further, enterprises are wary of limited awareness of 5G supplier ecosystem, followed by limited relevance of 5G to overall business or technology strategy and a lack of involvement in 5G trials and test beds, among other challenges.
The report revealed that Indian enterprises are most sensitive to limited clarity on 5G policy and regulations, cited by half of the respondents. Cyberattacks are also on the rise in India. With 5G’s support for a massive number of endpoints and use case evolution, the risks of cyberattacks and data breaches is paramount for enterprises in India.
