This archive report was first published on 11 July 2020.
Published on July 11, 2020, Huawei's 5G+ Better World Summit brought together industry leaders to share their experiences of how 5G applications can drive business and industry efficiency.
According to Huawei Carrier CMO Bob Cai, 5G development has entered a new phase, with over 80 5G networks commercially available worldwide.
However, Cai noted that 5G for business is still more of a branding concept, and more solid work needs to be done to build a positive business cycle.
Research director of ABI research, Dimitris Mavrakis, highlighted that new 'G' technologies have historically offered major benefits to consumers, but 5G is likely to be most beneficial to the commercial sector.
Mavrakis predicted that 5G's impact on the global GDP will be over $7.5 trillion by 2030, compared to the $5.1 trillion contributed by 4G in 2019.
Several Huawei partners also shared their experiences of how 5G is already driving benefits in various industries, including ports of trade, agriculture, smart factories, and hospitals.
For example, the Ningbo port in China has implemented 5G-powered self-driving container trucks, remote-controlled cranes, and backhaul HD video streaming, resulting in a 260% increase in efficiency and reduced labour turnover.
Dr Thomas Anken, head of the Digital Production Federal Department of Economic Affairs Education and Research in Switzerland, highlighted that 5G is enabling smart farming methods that have a significant impact on yields, including multispectral imaging of wheat fields and automated tractors with an automated hoe.
Guo Lihong, Deputy Director of the Engineering Equipment Department of Hunan Valin Xiangtan Iron and Steel, explained that 5G is expected to increase the factory's efficiency by 30% while reducing costs by the same margin.
Finally, hospitals in Henan province have implemented 5G-powered functionalities to improve their response to the COVID-19 pandemic, including remote surgery guidance, self-driving vehicles, and robots for patient communication.
