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Future of Connectivity: Industrial Transformation in 5G Networking

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Advanced networking of 5G is about to step in the market in the coming future, offering a continuum of connectivity that can feasibly drive the development of new products and services or transform operating models. As the platform of digital transformation is getting broaden though data and networking-dependent technologies such as blockchain, cognitive, and IoT, advanced analytics are fueling adoption rate of connectivity.

Manufacturing

5G technology is considered as one of the major transformations in the manufacturing industry as it could help smooth production operations and become more efficient and scalable while enhancing safety. This advanced networking enables manufacturers to develop “smart factories.” Which leverage artificial intelligence, IoT, automation, and augmented reality.

5G in Energy & Utilities

5G networking leads to a few innovative solutions in transmission, distribution, energy production, and usage. It is also anticipated to unleash the next wave of smart grid features and efficiency. Reducing electricity and energy overall costs, connected smart grids and energy management will become more efficient.

Agriculture

In the current scenario, farmers are using IoT technology to optimize agricultural processes such as fertigation, crop communication, livestock safety & maturity monitoring, water management, and aerial crop monitoring. The technology could lead to increased adoption of IoT devices that make this possible.

Retail

Mobile shopping has become popular among consumers across the globe. Today every individual desire to get luxury branded smartphones with unique features. This migration to mobile shopping immensely occurred by 4G/LTE.

Financial Service

The financial institutions are dedicate focusing on mobile operations. 5G technology is poised to accelerate this digitization, from internal operations to customer engagement. The fast lightning speed of 5G allows users to make payment transaction on their devices.

Media & Entertainment

5G is anticipated to disrupt media & entertainment on several levels, including mobile advertising, home broadband, television, and more. Moreover, it will also be critical for improving experiences across emerging interactive technologies such as AR/VR.

Healthcare

There are numerous ways in which 5G has the scope to improve the healthcare industry across the globe. Using this technology in healthcare is anticipated to represent a $76B revenue opportunity in 2026.

Transportation

5G technology could provide increased visibility and control over transportation systems, from public buses to private logistic fleets. As 5G networks become more prevalent, end-to-end visibility, cities will gain invaluable access to real-time into their transportation systems.

Insurance

With the smooth operations of data sharing, health and life insurers could make more informed and accurate decisions when it comes to providing quotes. As wearable 5G connected healthcare devices to gain popularity, the health insurers could offer positive reinforcement policies where premiums would be decreased if a certain level of activity or fitness is maintained.

Education

As 5G paves the way to better AR/VR experiences, teachers could use these technologies in a variety of new education techniques. For example, students could go on virtual field trips around the world, from the Egyptian pyramids to the Great Wall of China.

Cloud Computing

Due to mobile devices’ low throughput, inconsistent connectivity, high latency, and cloud applications are often watered down in terms of features and functionality.

Gaming

In a world where streaming subscriptions such as Netflix and Spotify are extremely popular, 5G’s solutions could open up a whole new market for the video game industry to flourish.

Real Estate

5G network is paving the ways for enhancing the rigid scope of technologies such as AR and VR. This would result to impact the Real Estate industry.

Real estate agents should begin offering virtual home tours. Prospective buyers can use virtual reality to view several homes without ever having to step outside of the brokerage’s office.

Public Safety

With the help of a 5G network, applications such as secure communications, real-time video, and media sharing could be used to assist first responders in emergency situations. Firefighters, for example, could use augmented reality to walk through a home when they can’t see.

Supply Chain Management

Installing 5G-enabled IoT sensors on products could feasibly make a large amount of data and can also available to stakeholders in the supply chain in real time.

Restaurant

Placing orders, from menus to drive-through could evolve into more immersive and interactive experiences for customers, as 5G allows enhanced performance with better speed, and lower latency.

Tourism

5G networking is promptly offering the wireless flexible infrastructure for under the concept “smart tourism” to emerge widely across the globe. This exercise could bring in more tourists to destinations and provide them with more immersive experiences.

Military

Real-time data collection and transmission to devices within communication networks are 5G technology, and crucial to minimize the speed of data transmission. Enhancing connectivity can result to minimize the confusion and delay whole replaying information in a life-threatening situation in the field.

Marketing & Advertising

5G could play a key role in transitioning display advertising toward social immersive experiences, bringing content and audience’s closer together.

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5G will pace up Industry 4.0 in the Middle East and Africa

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5G

The arrival of industry 4.0 is going to ignite an exceptional wave of innovation in the Middle East and Africa (MEA). This industry combines operational, information and communication technologies with cyber-physical systems, facilitated by advanced wireless communication and industrial Internet of Things (IoT) services. This digital and wireless revolution will be powered by 5G networks, which have the probabilities to impel economic growth in the region like no previous generation of mobile technology.

For example, in the Middle East and Africa, the security, high speeds, low latency and a massive number of connections in 5G networks will prop up the smart city and agriculture alteration in many countries. Thus, new revenue streams will be come out from IoT and industrial applications, and speed up digitalization.

Agriculture 4.0 will mainly renovate both the demand side and the value chain/supply side of the food-scarcity equation, and take the help of technology to deal with the real needs of consumers.

The UAE already has started using the SCADA system, which unites current, real-time data from weather stations with data from soil moisture and salinity sensors. Besides this, IKEA, David Chang and the ruler of Dubai have spent $40 million in vertical farming. Similarly, other Arab countries are also giving stress to expand their agriculture highly, and performing experiments with various new technologies.

The Middle East and Africa region is also the world’s largest hub for mineral mining (diamond, phosphate, gold) and for oil and gas excavations. 5G is the best domain choice of IoT connectivity for these industries.

Use of 5G in the Middle East

In 2019, Ericsson will start the commercial use of 5G with operators in highly developed markets like the UAE, Saudi Arabia, and Qatar, and this will get important traffic volumes by 2021. Ericsson was just selected by Batelco to install 5G commercially across Bahrain, and we announced 5G commercial launches with Etisalat, STC, and Ooredoo at Mobile World Congress 2019. According to the Ericsson Mobility Report MEA, all major service providers in the region are moving positively to launch 5G commercially. Several regional start-ups including Fetchr, Souq, Careem, and ReserveOut have been working successfully, and some others have had a strong impact on the market.

Increased network capacity, lower cost per gigabyte and new use case requirements are the main drivers for immediate 5G deployment. The bulk of the 5G subscriptions in the MEA are likely to come from highly developed ICT markets like Saudi Arabia, UAE, and Qatar, but in Africa, significant momentum is taking the shape in South Africa.

The MEA region’s telecom market is considered by increasing uptake of LTE. The region will be the leader in the globe with an estimation of 9x mobile data traffic growth (1.8 to 17 EB/month from 2018 to 2024) and see a doubling of mobile broadband subscriptions (850 to 1,630 million from 2018 to 2024), according to Ericsson Mobility Report MEA.

The exponential role of troublesome technology in climate action

Besides recovering efficiency and reducing cost, digitalization and IoT have wide human inferences. Today, nobody can underestimate the advantages of IoT. It is helping us in getting smart homes, power grids, connected transport systems and many more; as a result, our personal lives becoming safer, healthier and greener.

Combination of ICT with a well-integrated corporate sustainability strategy can help undertake a variety of global challenges. When the digital sector is trying to reduce its own productions, representing just 1.4% of the global total, it is still in a distinctive position to persuade other sectors.

Social and technological innovations are already showing their dimensions. For example, shared and “on-demand” transportations of more energy-saving electric vehicles could lessen the global energy requirement for transport by more than 50% by 2050, with decreasing the number of vehicles on the road.

Similarly, adoption of circular-economy approaches has the possibilities to reduce global emissions from industry by 45% by 2050. Heavy industries like steel, aluminum, cement, and plastic production can reduce emissions by 50% in all over the world by using current technologies and efficiencies.

5G is the stamina which can craft it all work, not only in the Middle East and Africa but also all over the world, driving economic value from improved mobile broadband to digital industry to survive climate change. In sequence, that will need an environment of technology, regulation, security and industry partners to convey on the potential.

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FSS Launches ‘FSS Voice Commerce’: The Next Wave Of Friction-less Banking

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FSS (Financial Software and Systems), a global payments technology company, has launched FSS Voice Commerce, a real-time voice banking platform that offers customers, meaningful, contextual and personalized banking interactions. Enabling banks to deepen customer engagement via conversation-led banking and deliver interactive service experiences to its customers, FSS Voice Commerce is set to take friction-less banking to the next level.

FSS Voice Commerce uses machine-learning language processing techniques for analysis and synthesis of language and speech to deliver personalized service experiences. Furthermore, with ML capabilities embedded into the solution, consumer patterns will begin to emerge and result in insight-led banking and personalized customer experiences. At the backend, FSS Voice Commerce interfaces with any retail banking system to provide real-time information of accounts and balances, thereby enabling delivery of a unified and seamless omni-channel banking experience.

FSS Voice Commerce supports an extensive set of 200 transactions, enabling seamless 24/7 secure access to a broad range of financial banking services such as fund transfers, bill payments, card controls and non-financial transactions such as service requests, like ordering for a cheque book, new credit / debit card and loan request.

Instances of use-cases include:

  • Drive Sales: Based on the recommendation engine and by transaction analysis, banks can craft a personalized offer to customers. E.g. special interest rates for fixed deposits, eligibility for personal loans etc.
  • Customer Support: Instead of customers reaching out to support centres of the banks to raise the services request, the customer can just log in to Alexa to raise the service request which will land on the bank CRM system to facilitate the customer request.
  • Lead Generation: Generate customer interest towards respective banking products/offers/cash backs through an advertisement.

All financial transactions initiated are completely secure. FSS Voice Commerce supports out-of-band multi-factor authentication including one-time passcodes and biometrics, to maintain the integrity of the transaction ecosystem and prevent fraud.

Speaking at the launch, Suresh Rajagopalan, President FSS, Retail Payments, said; “Voice is fast becoming a preferred medium of transaction among digitally connected customers and millennials. FSS Voice Commerce extends an all-encompassing personal assistant that can enable customers to conduct banking transactions as well as shop and make payments. The intersection of voice and commerce will provide banks a powerful new way to embed themselves deeper into their customers’ lives and deliver contextualized services experience tailored to their lifestyle.”

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India Needs Human-Centric Artificial Intelligence To Reduce Fake News

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Fake News

Currently, when the social media giants struggle to control fake news prior to the Lok Sabha polls in India, an Indian-origin tech junkie is not happy with this and according to him, the nation needs better human-centric Artificial Intelligence (AI)-based solutions to fight the escalation of wrong information. Lyric Jain, a 22-year-old Cambridge and MIT graduate, says social media platforms and other stakeholders, including the government, may design solutions to fight fake news but there will be anomalies, as is with the case with any technology.

Jain told, “India needs to prepare better as the stakes are high. Facebook is taking the problem of fake news seriously but there are many other digital platforms that aren’t working towards that direction.” Depicted by Jain, Logically has been developed by a varied team of data scientists, coders, designers and journalists.

Addition of a layer of reliability to the Internet to battle wrong information, the Logically platform works as a real-time, user-friendly filter, guaranteeing users can quickly consume information that is fair, authentic, credible and trusted (FACT). “News isn’t just limited to media houses anymore. The idea is to create ‘responsible sharing’ among people,” said Jain. “Logically will analyze whether the information is fake or not, even if the information is being provided by a well-known journalist from a credible publication,” he added. When asked how the technology works, Jain replied: “It is a human-centric AI effort”.

Further Jain added – “We then combine these indicators and conclude whether the news is credible or not. Also, our human fact-checking team complies with the international fact-checking standards.”

Jain told that the fake news and political debate about Brexit and 2016 US Presidential elections compelled him to launch the platform.

According to Jain, during the approaching Indian General Elections, Logically will try its best to monitor the information flow with its deep learning algorithms and web graph of several websites from top publishers across the globe. The tracing of these websites leads to the identification of top quality sources of trending and quality news per category along with queries and articles.

Additionally, Jain asserted – “Logically will look for information that is misleading, distorting or interfering with the elections”

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