TIL Desk/Business/Helsinki/ As Covid-19 accelerates medium and long-term digital investment and value creation, 5G-enabled industries have the potential to add $8 trillion to global GDP by 2030, suggests new research from Finnish telecom gear maker Nokia.
The study, however found that there is a gap between intentions and actions when it comes to any kind of 5G deployment for many companies. While 86 per cent of decision makers said they have some kind of strategy for 5G, only 15 per cent are currently investing in its implementation.
The “5G Business Readiness Report” surveyed 5G adoption among businesses around the world, providing a cross-sector view of the path to full 5G deployment. The report also highlights a clear correlation between 5G deployment and business performance.
Companies at an advanced level of 5G adoption were the only group to experience a net increase in productivity – over 10 per cent — following Covid-19, and the only group able to maintain or increase customer engagement during the pandemic.
