TECHNOLOGY
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“ 5G and the Fourth Industrial Revolution holds the potential to revolutionise the manufacturing process ”
— Stephen Cooper , Head of Industrial Manufacturing , KPMG UK
to guide workers accordingly . 5G ’ s high capacity , wireless flexibility and low-latency performance make it a natural choice to support manufacturers in these environments .
With data speeds anticipated to be 25 times faster than today ’ s 4G networks and lag reduced to virtually zero , 5G offers unending opportunities to strengthen connectivity and digitisation – both within factories ’ four walls and beyond through all steps along the value chain .
According to research from KPMG , the manufacturing industry will be the first to significantly unlock the value of 5G , amounting to around 5 % of a typical manufacturer ’ s annual revenue . With manufacturing consisting of 11 % of the UK ’ s Gross Value Added ( GVA ), this could be significant , not just for individual businesses but for the national economy in total .
As a result of 5G , KPMG anticipates that there will be a more dynamic , self-regulating and self-adjusting process that will translate into agility , speed and higher productivity . Smart
SEPTEMBER 2020