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Connected Industries – Ericsson Whitepaper

Connected Industries – Ericsson Whitepaper

If it’s a business, it’s a digital business

Digital transformation has been buzzing through the landscape for more than a decade. Now the time for talk is over. The power of IoT multiplied by cellular technology creates a world of possibility that previously could not exist.

By 2025, five billion cellular connected devices will be chattering away with unprecedented potential. And with 5G becoming a reality, enhanced by AI and edge computing, cellular technology isn’t just about a minor leap in efficiency.

It’s about laying down the building blocks to liberate business. Inventing what’s never been thought of. Secure the freedom to grow all over the world. And change the shape of enterprises to transform industries.

Transformation

Reinventing to win in business, at the speed needed to keep pace with digital-native rivals. Getting to market first with a digital product can make an enormous difference in capturing market share. The wealth of customer information captured provides insights the OEM can use to improve the product, foster customer intimacy and remain ahead of competition. As well as complying with regulations, especially in some industries such as utilities and automotive, OEMs must meet rising safety and efficiency standards – and ensure their products, services and business processes are future-proof to meet these demands.

Optimization

Using digitalization to drive productivity and minimize inefficiency. Productivity and efficiency are the main drivers for most IoT projects today. For instance, smart meters allow utility companies to save up to $200 per meter per maintenance trip by not needing a technician out in the field to read or fix them. While digitalization is helping enterprises optimize operations and combat competitive cost pressure, information on how their products and services are performing and how customers are using them helps deliver better quality of service, proactive customer engagement and personalization.

Sustainability

Reducing consumption and powering an intelligent and sustainable environment. More and more enterprises are committing themselves to the United Nations’ Sustainable Development Goals in response to the growing public expectations on environmental and social issues. Digital transformation is playing an important role for them to become socially and environmentally responsible in tackling global challenges. In logistics, IoT is helping to reduce the 30% of food wasted globally as it moves from farm to fork, while in automotive, connected safety cameras allow car makers to reduce collision rates upwards of 20%.

Connected Industries – Ericsson Whitepaper

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Connected Industries - Ericsson Whitepaper

© GSA 2022

https://gsacom.com

Connected Industries – Ericsson Whitepaper

If it’s a business, it’s a digital business

Digital transformation has been buzzing through the landscape for more than a decade. Now the time for talk is over. The power of IoT multiplied by cellular technology creates a world of possibility that previously could not exist.

By 2025, five billion cellular connected devices will be chattering away with unprecedented potential. And with 5G becoming a reality, enhanced by AI and edge computing, cellular technology isn’t just about a minor leap in efficiency.

It’s about laying down the building blocks to liberate business. Inventing what’s never been thought of. Secure the freedom to grow all over the world. And change the shape of enterprises to transform industries.

Transformation

Reinventing to win in business, at the speed needed to keep pace with digital-native rivals. Getting to market first with a digital product can make an enormous difference in capturing market share. The wealth of customer information captured provides insights the OEM can use to improve the product, foster customer intimacy and remain ahead of competition. As well as complying with regulations, especially in some industries such as utilities and automotive, OEMs must meet rising safety and efficiency standards – and ensure their products, services and business processes are future-proof to meet these demands.

Optimization

Using digitalization to drive productivity and minimize inefficiency. Productivity and efficiency are the main drivers for most IoT projects today. For instance, smart meters allow utility companies to save up to $200 per meter per maintenance trip by not needing a technician out in the field to read or fix them. While digitalization is helping enterprises optimize operations and combat competitive cost pressure, information on how their products and services are performing and how customers are using them helps deliver better quality of service, proactive customer engagement and personalization.

Sustainability

Reducing consumption and powering an intelligent and sustainable environment. More and more enterprises are committing themselves to the United Nations’ Sustainable Development Goals in response to the growing public expectations on environmental and social issues. Digital transformation is playing an important role for them to become socially and environmentally responsible in tackling global challenges. In logistics, IoT is helping to reduce the 30% of food wasted globally as it moves from farm to fork, while in automotive, connected safety cameras allow car makers to reduce collision rates upwards of 20%.

Connected Industries – Ericsson Whitepaper

LinkedIn

Twitter

YouTube

Weibo

WeChat: GSA Express

 

Connected Industries - Ericsson Whitepaper

© GSA 2022

https://gsacom.com

Connected Industries – Ericsson Whitepaper
Date: 13th Feb 2022
Type: Member White Paper
Technology: Other
Originator: Ericsson

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