Manufacturing has transformed economies and societies since the late 1700s. The key element that kept it going and thriving is no more than innovation and smart design. With manufacturing making up close to 12 per cent of South Africa’s GDP, there’s a solid case to make regarding the value of innovation.
Comes in 5G: networks that offer manufacturers the chance to build smart operations and truly take advantage of technologies such as automation, artificial intelligence, augmented reality for troubleshooting, and the Internet of Things (IoT), writes TODD ASHTON .
According to the Ericsson study 5G Business Potential, the expected addressable market in 2026 will be US$113bn, a substantial 7 per cent potential revenue growth from current service revenue forecasts.
Driving operational efficiencies across industries
Global exploration mining budgets increased 35 per cent to US$11.24 billion according to S&P’s World Exploration Trends 2022 report which is a significant indicator, considering South Africa has the largest reserves of platinum-group metals.
South Africa’s commercial ports also play a critical role in the domestic economy as an enabler of trade – a cornucopia of development opportunities is on the table.
Cellular networks bring unprecedented optimisation value to port and mining sites, delivering a new level of process and operational efficiency that reduces costs, lowers environmental impact, and boosts economic value.
By fusing cellular technology with industry 4.0 technologies, these industries can create agility, advance operations, and use real-time data to increase operational efficiency.
