5G innovations for new business opportunities

Abstract

5G is the next generation mobile network that enables innovation and supports progressive change across all vertical industries and across our society. Through its Radio Access Network (RAN) design and its orchestrated end-to-end architecture, it has the potential to boost innovation and generate economic growth in the European economy. The 5G service models support agility and dynamicity, thereby impacting the granularity, duration and trustworthiness of business relationships. The ability to combine private and public networks and data centres across multiple domains in a secure and controlled way facilitates collaborative business processes. It reshapes the digital business ecosystem with new value chains linking stakeholders from the telecommunications world and the vertical industries in win-win situations. New stakeholders emerge in this evolved ecosystem, for example cloud companies and software houses that profit from the cloudification and virtualization of the infrastructure, and brokers that facilitate sharing of spectrum and trading of connectivity and processing resources. Small and medium-sized enterprises and start-ups are able to embed 5G in their innovative products and services for existing and new customers and markets, leveraging on the Anything as a Service (XaaS) model.