The Information and Communications Technologies (ICT) industry across the globe is at the forefront of major transformations that are poised to impact the way industries work. In today's ultra-competitive markets, organizations across industries rely upon next generation ICT technologies to create and deliver game changing value propositions which are market disruptive in nature.
ICT industry has witnessed a phenomenal growth and rapid evolution of technologies over the past two decades i.e. starting from proliferation of one-way pager devices of the late 90's to today's web, mobile, social media messaging, video conferencing, IP based unified communications capabilities and AI driven chat-bots.
Riding the Next Big Waves in ICT Industry: The 'Trinity Waves' of 5G, AI and IoT:
Today, the ICT industry evolution has reached a stage where majority of ICT players (i.e. communications service providers, IT service providers, software makers and OEMs) are in a race to ride the much awaited 5G, AI and IoT waves to gain from the first mover advantage and find avenues for generating new revenue streams while obtaining thought leadership in this new marketplace. Among these players, especially, the communications service providers are betting big on these 3 emerging technologies as their traditional revenue streams from voice and data have shrunk in the recent past due to intense competition, commoditization of services, increasing spectrum costs and price pressures (decreasing ARPU).
Convergence of the 'Trinity Waves' is the way forward:
Earlier this year, at Mobile World Congress in Barcelona, 5G was discussed in combination with AI and IoT. The potent combination of these technologies will empower industries to truly embrace digital transformation in the years ahead.
With the promise of unprecedented speed (40x > 4G LTE), ultra-low latency, innovative network slicing capability, and unmatched reliability; advent of 5G is poised to have a material impact on widespread success and proliferation of industrial IoT frameworks. As per Gartner forecast, IoT will account for 1/4th of the global 41 million 5G connections in 2024. A wide range of IoT applications will be empowered by 5G backbone augmented using AI driven algorithms which can deliver the promise of a smart, ultra-fast, automated and data intelligence driven use cases across industries and ultimately realize the vision of Industry 4.0.
Connected Cars is a great example of the need for the said convergence. In recent years, global automobile giants have started building their own connected cars frameworks. Top 3 enablers for these frameworks include an ultra fast & low latency communications network, AI driven edge analytics, embedded IoT sensors and cloud data services. Players such as Daimler, Ford, PSA Group, Deutsche Telekom, Ericsson, Huawei, Intel, Qualcomm and Samsung have all backed 5G as the preferred standard for their connected cars initiatives.
This convergence of the trinity will hold the key in delivering a unique technology framework which I would like to term as the trinity convergence framework which can be readily consumed by enterprises across industries to design and deliver a range of smart and efficient, new-age solutions and services for industrial use cases.
Trinity Convergence Framework and the Role of Global System Integrators:
World's largest Global System integrator (GSI) organizations have vast knowledge-base and intellectual properties (IP) across the ICT ecosystem of products, platforms and technologies as well as have deep expertise around integration and deployment of complex technology architectures. These unique strengths naturally qualify them to be the best contenders who can provide end to end services around this massive convergence opportunity.
Organizations across industries are keen for this giant leap of transformation leveraging the triad of 5G, AI and IoT. Are you ready to seize this opportunity to be part of their transformation journey and take them to the destination?