“ We can create new businesses or concepts in a very short period of time with predefined and pre-built services , or microservices ”
— Frank Wilde , Vice President , SAP
ecosystem comprising our customers , partners and companies such as Verizon and Ericsson , that addresses new business models and monetisation strategies . Also , we have worked closely with Deloitte Consulting LLP to create 5G ‘ playbooks ’ that show what can be brought to life with the power of 5G in specific industries such as retail , manufacturing and oil & gas .”
The technology may still be in its relative early stages , but Wilde sees enormous potential to fundamentally change how businesses approach innovation . In particular , he explains , private deployment of 5G will likely gain significant traction over the next few years . “ You look at manufacturing , for example ,” Wilde says . “ We ’ ve worked on an Industry 4.0 approach for several manufacturers whereby we have created a 5G environment that can support innovations like autonomous vehicles , augmented reality technology that allows work to be digitally tracked as it flows through the shop floor , and so on .
“ Similarly , there ’ s huge potential in the retail sector ,” he continues . “ For example , 5G gives us the ability to use video analytics at scale as well as mixed reality to scan product contents or look for drug interactions ; you can also introduce autonomous checkout and
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