Effect of 5G Network on Development of Digitally Dependent Industries
Davorin Turkalj · 2021
Information and communication technologies (ICT) are an indispensable and decisive factor in developing society and the economy. Due to the greater spread of the telecommunications network and more affordable services, these technologies have become more accessible to a larger population. In the past five years, almost all business sectors have made a certain degree of transformation of their business, bringing new digital implications. Simultaneously, all sectors, especially the service ones, are showing readiness for the digital society's challenges. Industries that are predominantly dependent on the digital aspects of doing business are continually looking for faster ways to deliver services with as little cost and downtime as possible. Objective limitations in achieving these efforts emerge in the form of Internet connectivity. The emergence of the 5G network opens up new opportunities to expand and improve existing business models and the emergence of new ones. The aim of this paper is to look at the opportunities that the 5G network brings to digitally dependent industries. The paper will use available data from relevant publishers and publications that provide an overview of forecasts within individual industries related to improvements in supply, productivity, and potential shortcomings. The paper can serve the scientific community as a conceptual design and predictor of the development of individual parts of industries that should be monitored and analyzed through the prism of various commercial applications in the coming period.