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Investors skeptical about 5G transition: EY study

A recent survey report by EY reveals that numerous enterprises across the globe making investments in next generation 5G technology are uncertain about the transition. This is due to the lack of knowledge of use cases and difficulty in integration with existing technologies. Some of the other challenges include integration with existing technologies and the perceived immaturity of 5G technology.

About 15% of enterprises are currently investing in 5G, yet less than half (48%) are confident they can transition to 5G-based Internet of Things (IoT), with 74% indicating that they need to overhaul the operating model to realize implementation.

Tom Loozen, EY Global Telecommunications Sector Leader, “Enterprises are aware that 5G can fundamentally reshape their organizations. To succeed, they need to develop a road map that is aligned to the broader landscape of technology transformation, but anxieties persist around technology integration, maturity and cybersecurity. To overcome this inertia, 5G vendors need to articulate a more compelling vision of the opportunity, while enterprises need to educate themselves on the game-changing possibilities that go beyond efficiencies alone.”