“Industry 4.0 and Industrial IoT (IIoT) increase the number of smart sensors in the enterprise and provide communication between machines,” he said. Marina Salaber, Research Analyst, Industrial Practice, Frost & Sullivan. “5G broadband capabilities allow you to connect to multiple devices and process large amounts of data at the same time, addressing concerns about the growing data traffic requirements that today’s plants need.”
Salaber added: “High reliability allows businesses to enable automation processes that depend on proper network operations. In this regard, 5G goes beyond digitization, allowing it to depend on network processes and protecting companies from high production costs and downtime that disconnect the cause.”
Market participants should focus on the following perspectives:
- The pandemic has pushed traditional face-to-face checks to virtual platforms. Advanced predictive service transforms risk management across all industry verticals.
- Manufacturers must cooperate Providers of software for AI, 5G network and data management to achieve proper energy management. They can also use the latest software, for example ML and deep data analyticsto process the information collected and provide a cross-cutting solution.
- A digital duplicate should unite with innovation in every operational process. This promotes growth opportunities for manufacturers by reducing financial costs, reducing learning curves and minimizing the workforce.
- Autonomous and collaborative robots can increase the reliability and efficiency of production lines. Automated processes need to produce higher quality standards because of their higher standardization and level of accuracy.
Growth opportunities for 5G in processing industries is the latest addition to Frost & Sullivan’s Industrial automation research and analysis available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous stream of opportunities for growth to succeed in the unpredictable future.
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Growth opportunities for 5G in processing industries
Shrihari Daivayanagam, corporate communications
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SOURCE Frost & Sullivan