TRENDING all – and many respondents are at different stages . For example , less than a quarter of respondents had entered or completed the project and process planning stage ( 24 %) at the time of the survey .
“ The transition to 5G is so much more than an incremental network advancement , with implications reaching far beyond consumer smartphones . 5G represents a seismic shift that has the potential to unleash a new generation of innovation and optimisation for businesses , from increased network security and the enablement of private networks , to truly unlocking the Industrial Internet of Things ( IIoT ),” said Raj Radjassamy , 5G and Wireless Segment Leader for ABB Power Conversion .
The top 5G-enabled capabilities or applications that CIOs and CTOs in the Global Fortune 1,000 anticipate will have the most impact on their business or industry also varied across survey respondents . Digital Transformation acceleration ( 46 %) and advanced IoT / IIoT deployment ( 46 %) led the way , followed by smart factories or manufacturing ( 35 %).
Top considerations and concerns of CIOs / CTOs
Looking ahead , the arrival of 5G and the ability to leverage its advanced capabilities without interruption demands two key criteria : security and reliability .
In addition to uncovering how businesses are approaching 5G planning and deployment , ABB ’ s report brings to light the top considerations and concerns of global technology leaders :
• 54 % of respondents named increased network security as a top reason for transitioning to 5G , while 52 % cited the need for a private network or IIoT enhancements .
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