Industries are adopting nascent next-generation technologies, such as 5G, edge computing, cloud, AI, and robotics. Real-time data visibility, Big Data analytics, and automation address several industry challenges. Low latency, artificial intelligence, and edge computing usage opened multiple avenues for optimizing processes and developing new revenue streams. Companies must make organizational changes to raise standardization levels, boost skilled labor, and digitize industrial processes.
• Traditional manufacturers resist incorporating new technologies because of the fear of costs associated with learning curves.
• These costs include investments in software, hardware, infrastructure, employee training, and rework requirements.
• The convergence of industrial verticals will continue to develop the 5G use cases across various industries.
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