While the rapid deployment of 5G across the Asia-Pacific region has paved the way for new innovations in vertical industries, ecosystem cooperation and joint innovation is required to accelerate industry digital transformation and Industry 4.0, this is the clarion call arising from APAC 5G Industry Forum (5GIF).
Held virtually last month and co-hosted by Huawei Technologies, the forum welcomed more than 800 participants from over 30 countries representing governments, telecom operators, academia, ICT and other vertical industry players from the Asia-Pacific region.
“5G will revolutionise the global economy and shape business growth, as well as commercial and digital service acceleration,” said Dennis Xiao, President, Huawei Technologies Asia-Pacific.
Xiao, however, struck a note of caution that there were several challenges that needed to be addressed. “5G requires not only innovators, but also brave practitioners to drive the development,” he said.
In ASEAN, more than 15,000 enterprises are already spending over US$246 billion for current ICT transformation, with many industries beginning to invest in 5G, reported Dustin Kehoe, APAC & ME Service Director of Global Data.
To support the implementation of 5G, Daisy Zhu, Vice-President of Wireless Marketing, Huawei, recommended, “5GtoB will bring great benefit to the global economy, and Huawei proposes a 1+N 5G target network to fulfil the requirements of video backhaul, machine vision, remote control and real-time positioning.”
The forum also discussed the challenges and opportunities of 5G ecosystem cooperation. While Huawei and incumbent operators have established many IoT (Internet of Things) based partnership cooperation frameworks in recent years, more business use cases need to be explored to create new commercial value.
Together with innovators, startups and solution providers, such an initiative will allow more 5G-enabled vertical industry solutions to be offered, in turn accelerating industry digitalisation, the forum concluded.