5G by the Numbers

Wireless, 5G

Article | May 18, 2023

Network as a Service (NaaS) is gaining ground due to shrinking network boundaries and fast technological evolution in response to changing market demands. NaaS brings with it networks, operations, and business architecture that are more agile and based on open standards. Rather than the conventional upfront cost, Network as a Service technology delivers networking gear, software, and operational and maintenance services as an operational expenditure. NaaS, like other cloud services, is maintained by the service provider and offered for a set cost. Why Do Businesses Today, Need Network as a Service (NaaS)? Businesses have recognized the advantages of the cloud in moving away from conventional on-premises networks. The corporate network boundary has practically vanished, and NaaS is becoming a popular technology. Offers Flexibility to Businesses Businesses can obtain a better return and save money by employing utility models instead of large expenditures on hardware and network equipment. Time for Innovations NaaS provides innovations by staying up to date with updated software versions via license upgrades and can fulfill corporate demands to introduce new goods and services more quickly. Minimizes Operational Risk NaaS will reduce operational risk associated with artificial intelligence (AI) and/or machine learning (ML); businesses will be able to implement the most recent product features and services. Top 3 Benefits of Network as a Service (NaaS) Access from Anywhere Depending on how a cloud-based network is setup, users should be able to access it from anywhere and on any device without employing a VPN, though this creates the need for strict access control. A user should ideally just need a connection to the internet and login details. Bundled with Security NaaS enables a single supplier to provide both networking and security services such as firewalls. As an outcome, the network and network security are more deeply integrated. Cost-effective Purchasing cloud services rather than developing one's own services generally leads to cost savings: cloud users do not have to purchase and maintain equipment, and the vendor already has the servers necessary to provide the service.

Network Infrastructure, Network Management

Article | July 10, 2023

Something revolutionary that solves problems becomes a product or service with many trade secrets you cannot afford to let loose in the market. All small, medium, and large businesses worry about how vulnerable they are to threats as far as data sharing within the organization is concerned. This is where a private network comes in. Every business wants to take a technological leap for scalability. Two of the factors that private networks address are independence from commercial carriers for the network and maintaining the privacy of trade secrets. This helps achieve long-term goals to scale your business. Powering your enterprise private network with the futuristic speeds of 5G can help your business achieve two goals at once. Take a look at why 5G has now started to matter even more. Why 5G? By 2026, the 5G market will reach $667.90 billion, with a CAGR of 122.3% from 2021 to 2026. It is estimated to go beyond $1.87 trillion by 2030. This massive technological transition will forever change how we communicate, process information, and connect with the cloud. A boost in turnkey research and development is one of the vital benefits of 5G that will help your business be one step ahead in the market. What Makes the 5G Enterprise Private Network Ideal for Small and Medium-Sized Businesses? A private enterprise network is VPN, LAN, WAN, or cloud-based. High-speed internet and low-latency data sharing or transfer are achieved using fiber optics in a 5G EPN. Expect superior service security, network slicing, enhanced service quality, and no risk of network congestion. Design your 5G EPN as per the software integrations required for your small and medium-sized business. This will allow seamless integration for present and future needs. 5G is about 100 times faster than 4G, leading to incredible speeds and unlocking many never-seen-before possibilities accelerating the speed of research for your enterprise. The network efficiency and the traffic capacity it can handle are 100x. Connecting and sharing data in almost real-time is made possible with 5G. This means, a private 5G network can reduce the infrastructure needs of relatively more demanding managed wired networks for small and medium-sized businesses supporting 5G ecosystems. But it will keep up with the most advanced wireless technologies of the future and stop supporting older ones. In addition, 5G supports lower power consumption than 4G during data transmission. This means enterprises get better battery life on devices running 5G, including 5G IoT devices. How Secure is a 5G Enterprise Private Network? The 5G enterprise private networks are integrated or hybrid EPNs (enterprise private networks) and independent EPNs. It depends on whether your business wants to lease 5G spectrum from the government or a mobile network operator (MNO) and whether you will use a hybrid or independent EPN. • Integrated 5G EPN: A small business can lease a private 5G line from an MNO. A public 5G network backs a virtual private network (VPN) for medium-to-small businesses. On the other hand, MEC and UPF from a public 5G network are used to set up a local network for large businesses. • Independent 5G EPN: This is the most secure type of 5G EPN, the independent 5G EPN. It is independently built for your enterprise, owned, operated, and managed by you. You will be handling the RAN, core, edge computing nodes, and the wireless spectrum reserved for your use. These are mostly the goals of a large business that sends and stores data that needs to be very secure. An independent 5G EPN is the best solution for large enterprises looking for the most secure private network. Also, it applies to businesses dealing with massive amounts of data. Why Use the Cloud for Storage and Retrieval of Data in 5G EPN? Access computing resources, data storage, development tools, and applications across the internet with the help of the cloud. The combined features of 5G and a private enterprise network create a healthy environment to implement cloud infrastructure. When thinking about using the cloud to store and get data in a 5G EPN, keep in mind the good things about it. Interconnected, shared resources 5G speed Improved reliability Increased data accessibility Better privacy and security Efficient connectivity Now that we have learned networking fundamentals for a better 5G EPN are resolved with the help of the cloud, let us discover how it can help your business scale. How Can Your Small, Medium, or Large Business Scale up With a 5G EPN Network Easily? You can use a 5G enterprise private network, or EPN, to get the most important benefits for a small business. Speed to promote an industrial digital transformation IoT readiness Better control over digital assets. Improved security Reliable coverage Network slicing Ultra-low latency Improved bandwidth Improved quality of service (QoS) You will have complete control over configuring and customizing your EPN, managed independently by your in-house 5G networks. Explore the future avenues of 5G private networks in detail. The Future of 5G Private Networks and Wi-Fi with Industrial Use Cases: According to a study by RAN Research, by 2028, private 5G networks will generate about $23.5 billion, with 19% usage in the manufacturing industry and 12% of the network in the healthcare industry. The deployment of the 5G network and upgraded Wi-Fi standards will likely be saturated by 2024. Most of the investments would be towards upgrading the infrastructure and maintaining the network. The goal of fierce competition among telecom network operators will be to gain rapid market share, bringing down the cost of usage. The new service providers will garner competition from telecom giants, while 5G private networks from different enterprises will still be dominant and mainstream in providing security, privacy, and data isolation. Leading Industrial Use Cases Healthcare: A revolution in healthcare benefiting from 5G technology is bound to happen with their transition to a cloud-native architecture. The need for high-speed and reliable connectivity will arise sooner or later, and 5G private networks will perfectly meet the requirement. The driving forces for healthcare to adopt 5G private networks include the shift to demographics, value-based and patient-centric care, and emergency healthcare. In addition, the use of big data analytics, the internet of medical things (IoMT), better wearable medical technology, hospital remote monitoring systems, e-Health and more will need the speed that 5G offers. Manufacturing: The Industrial Internet of Things (IIoT) uses private 5G networks. Depending upon the software-defined implementation of the 5G network, 5G does not just allow remote monitoring of production lines; it also regulates maintenance and device lifecycle while powering industrial automation. 5G is also finding its way into implementing augmented reality for troubleshooting electronics, additive manufacturing and 3D printing, automated guided vehicles, camera-based video analytics and more. Collaborative robotics, supply chain optimization, and maintenance using a digital twin are a few other things that are worth mentioning. Supply Chain: Due to near-shoring, manufacturing and distribution will decentralize. Due to Internet of Things (IoT) devices with sensors, supply chain and shipping logistics companies will be able to reduce delivery times, have better control over warehouse and transportation environments, and offer great asset management services. Final Thoughts Finding the right 5G private network type for your enterprise is easy. It offers enhanced security while connecting to the cloud, IoT and more. This would allow the development of futuristic products and services, touching multiple industries, with healthcare, manufacturing, warehousing, and logistics among the top. Keeping trade secrets and the latest research and development secure and enhancing the capabilities by integrating future technologies will improve with a 5G EPN. With a 5G private network for your enterprise being used on a large scale, the future of networking looks bright. FAQs: What is the difference between a public 5G network and a private 5G network? A single location or several locations of the same institution, business, or organization are the focus of a private 5G network. On the contrary, the public 5G network is nationwide with millions of subscribers without being dedicated to serving a single entity. Because of this, 5G EPN infrastructure solutions will probably be used on college campuses, in factories, hospitals, military bases, transportation hubs, and other places. What is a private 5G network and what are the benefits of a private 5G network? A 5G private network offers low latency, high bandwidth and multiple connections with access control, which are perfect for business applications for small, medium and large enterprises. Furthermore, 5G private networks allow you to tailor them to your business requirements, making them an excellent investment for your business. Again, while diversifying your business as per customer and market demand, it is crucial to have a networking infrastructure that can adapt to your changing needs. Therefore, a private 5G network becomes even more critical. How does EPN help in centralization and business continuity? When implementing business continuity planning and centralization of your organization, a 5G EPN can provide several benefits over a public network. It makes integrations easy, provides high-quality services, improves access control and reliability, and lets your business share resources in the best way for its current and future needs.

Unified Communications, Network Security

Article | July 10, 2023

Blockchain technology has the potential to transform the way businessesoperate.As a result, it has gained tremendous momentum and is no longer the utopian dream of a few crypto enthusiasts. According to a Deloitte report that surveyed more than 1300 senior executives worldwide, 53% said blockchainin businessis a priority. Also, PwC highlights thatblockchain alone can add $407 billion to the GDP of the USA by 2030. Blockchain is cementing its position in the market and is expected to be worth $163 billion by 2027, according to Statista. The time has come for digital businesses to harness the power of decentralization and incorporate it into their everyday processes. You simplycan’t lose out on the business opportunities that this technology has tooffer simply because you are living under a rock. In this article, we will discuss how using blockchain for business can make a huge difference in your business process. Let’s first begin by looking at the challenges faced by traditional business models. Challenges Traditional Business Models Face A growing business encounters several challenges, and different problems demand different solutions. Mentioned below are some of the challenges that traditional business models often encounter. Time-Consuming Processes In a business operation, all processes function as separate entities. Teams often find themselves looking for, gathering, and analyzing the same data to make decisions. As a result, the teams must rely on a lot of third-party intermediaries to runtheir business processes smoothly. This adds to the time and complexity of the processes.Use of blockchain technology can help to effectively do away with this challenge. Lack of Security Data security is another area of concern that can be taken care ofby storing data on the blockchain. Data that is storedin the cloud or a centralized storage facility, is vulnerable to security breaches. The traditional business ecosystem, data, and stakeholders are unprepared for the considerably more intelligent and ever-changing hackingtechniques. As a result, important and confidential data can get breached and compromised. Payment Barriers Payment transactions are often more complicated, time-consuming, and costly due to the diversity of currencies and parties involved. Blockchain technology promises to make processing payments and other transactions around the world faster, safer, and cheaper by getting rid of the need for mediators like correspondent banks and clearing institutions. Payment barriers are another problem that the adoption of blockchain business models can ease. Shoot-up Your Business Growth with Blockchain Technology Blockchain in business is aiding the transformation of business across industries all around the globe. Blockchain is transforming supply chains, banking and financial services, healthcare, government, retail, and other industries. Here are some statistics that demonstrate blockchain's significance in strengthening industries: The financial sector contributes to around 30% of the market value of blockchain. (Statista) By 2028, the value of blockchain in healthcare will be $1189.8 million. (Vantage Market Research) By 2026, the value of blockchain in agriculture and food will be $1.48 billion. (BIS Research) In 2022, the blockchain market in the manufacturing industry will be worth $85.64 billion. (Globe Newswire) Accelerates Your Business Processes Blockchain is taking a central role in the ongoing digital transformation process. In digital transformation, time is one of the most critical factors that keeps you ahead of the curve. Moreover, business operations that use a blockchain to store and transfer data provide high levels of security. On this basis, you can create completely automated transactions in various business domains. This method is not only dependable and safe, but it is also exceedingly fast. Improves Your Online Security Encryption and validation are two significant advantages of mainstreaming blockchain technology. Every operation and communication that happens online will be encrypted. It protects against data alteration. Due to its distributed nature, you can verify that no one has altered even a bit by checking signatures across all nodes. Blockchain in business will be helpful for storage, private messaging (between companies/clients or friends on social media), safer DNS, and IoT security. Blockchain use in business will enhance cybersecurity, but this transformation won’t happen overnight, it will take years before it impacts the ways in which we use the internet. Eases Online Payments While online transactions are safer than ever, users' data is still at risk. However, this decentralized platform can make payments transparent and tamper-proof in the financial ecosystem. Decentralized blockchain technology protects data. Simply put, it allows you to make payments without a payment processor. Blockchain technology protects financial transactions by removing central points of failure and minimizing errors. This helps in saving time and money. In addition, blockchain technology ensures that transactions remain unaltered and only those involvedcan see the history. A Game-Changer in the Supply Chain & Logistics Anything that can conceive of as a supply chain, blockchain can vastly improve its efficiency - it doesn’t matter if it’s people, numbers, data, money.” - GinniRometty, CEO of IBM. The integration of blockchain simplifies supply chain and logistics work. The blockchain's decentralized nature ensures maximum transparency in every transaction in the supply chain, from raw material purchase and manufacture to distribution and sale of the finished product. At a minimal cost, each transaction can be promptly and readily documented on the blockchain. There are very few risks this way, because the final buyer can track a product's origin along the whole supply chain. Reduces Operational Cost Blockchain-based smart contracts are a boon. Businesses can make and receive online payments through some set guidelines. Brokers, escrow agents, and other intermediaries are excluded through smart contracts. Smart contracts are self-executing programs that safeguard the interests ofall parties. These contracts use unbreakable cryptographic code and automatically implement contract terms. Lastly, smart contracts keep track of all consumer, worker, and stakeholder activities. Many global corporations use smart contracts to perform essential HR and administrative tasks. What Does Blockchain Mean for Entrepreneurs? Blockchain technology is so much more than just a technology used for cryptocurrencies. For a commoner, whenever we talk about blockchain, the first thing they think of is bitcoin or cryptocurrency. However, for businesses and entrepreneurs, blockchain is more than just a cryptocurrency. Let's take a look at the ways in which blockchain technology can empower business leaders. Case Study Blockchaintechnology is being rapidly usedin the logistics industry.The main advantages include higher confidence in the system due to greater transparency, improved product traceability, and cost savings by eliminating manual and paper-based administration. One such example Tradelens, a blockchain-powered open and neutral supply chain network, is one example. It was founded by IBM and Maersk and has expanded to 150 members, including some of the world's largest logistics companies, including CMA CGM, MSC, ONE, and Hapag-Lloyd. In 2020, it claims to have made businesses 15% more efficient by letting them get rid of legacy data systems, manual document processing, and limited visibility. By 2050, it claims to have made them 15% more efficient. Final Thought Blockchain technology is theinevitable future, and its use is no longer restricted to crypto transactions. In the coming years, blockchain development solutions will be used ineCommerce marketplace, peer-to-peer financial transactions, content distribution, healthcare data exchanges, supply chain, and customer services. Blockchain applications are no more the pie-in-the-sky dreams of early adopters. This technology has the potential to revolutionize practically every sector and solve your company's greatest challenges. Smart and strategic use of new technologies, can make your company more secure, transparent, and ready for whatever comes next. FAQ What Is the Impact of BlockchainTechnology on Business Models? Blockchain implementations can minimize transaction costs such as negotiation and search expenses and eliminate intermediary costs. This means that by 2022, blockchain technology is expectedto cut costs in the financial sector by$15–$20. What Is the Size of theBlockchainMarket? The global blockchain market was valued at $1.57 billion in 2018 and is expected to more than triple to 163 billion USD by 2027. What Does BlockchainMean for Business? A blockchain is a digital record of who owns what, and it is constantly updated. The time, date, dollar amount, and participants in a transaction are encrypted into a "block" that is connected to other blocks to create a chain.

Article | May 19, 2021

In today’s shop-from-anywhere world, the model for success continues to change. Tried and true techniques are becoming obsolete as consumer expectations evolve, demand volatility rises, and supply chain disruptions become more frequent. Retailers are also dealing with online shopping surges that add new complexities to existing data strategies due to an influx of raw, unprepped, and largely underutilized data.