The Carrier’s Role in the Fourth Industrial Revolution
Introducing the Fourth Industrial Revolution
The Fourth Industrial Revolution is a term coined by Klaus Schwab, the Founder and Executive Chairman of the World Economic Forum. He describes it as being “characterized by a fusion of technologies that is blurring the lines between the physical, digital and biological spheres.”
In his book of the same name, Schwab notes that the Fourth Industrial Revolution is fundamentally different from the previous three—the use of water and steam power to mechanize production, the use of electric power to create mass production and the advent of electronics and information technology to automate production. This new industrial revolution will happen at an exponential pace, and the new technologies introduced will change society in unpredictable ways.
The technology of today and tomorrow is the platform on which innovation, creativity and entirely new industries will form. The Fourth Industrial Revolution will change the way people think, learn and process information and the environments around them. And the carrier will have an instrumental role to play in ushering in this world-changing sea of change.
5G – Enabling the Fourth Industrial Revolution
5G is critical in enabling the Fourth Industrial Revolution. 5G promises to change the way we live, work and play, and is much more than an incremental improvement over 4G - it’s a revolutionary new technology that requires a new approach in designing and deploying networks.
To deliver the full potential of 5G, a carrier must possess three fundamental assets: end-to-end deep fiber resources; the ability to deploy large numbers of small cells; and massive spectrum holdings—particularly in the millimeter wave bands. This is the only spectrum available today with the bandwidth available to realize the maximum potential for capacity, throughput and latency.
The race to deliver 5G is already on – and Verizon is leading the charge, with 5G deployments and devices already live in the marketplace. Verizon’s 5G Ultra Wideband, for example, will enable IoT applications and massive connectivity.
Verizon’s 5G Ultra Wideband utilizes Verizon’s deep network and edge applications investments to enable real-time and automated operational intelligence, giving business leaders the potential to make smarter business decisions.
The most important thing from the Verizon perspective is to continue to leverage new technologies –like 5G - to improve network performance, and help our customers do business better. Our goal is always to deliver the best experience possible for users –and with our 5G leadership, we’re opening up new opportunities every day.
To learn more about this topic, be sure to catch my ITW 2019 panel discussion, titled ‘The Carrier Role in Forging the Fourth Industrial Revolution’, on June 24 from 11 a.m. - 12 p.m. in the Hyatt Regency, Atrium Tower, Ballroom Level.