From Procurement to Profit

Industry Eager for High-Speed Cellular Data

Reflecting the increasing importance of wireless connectivity, seven out of ten leaders across the healthcare, transportation, energy and manufacturing industries believe the U.S. must implement 5G data technology to stay economically competitive.

That’s the finding of a survey commissioned by CTIA, the cellular communications trade association.

The survey, conducted by Harris Poll, also found that 80% of business leaders in these key industries believe 5G, the next generation of wireless, will positively impact their businesses

A majority, 62 %, are planning to invest more in wireless technologies next year.

“Key corporate executives know the U.S. needs to lead the world in 5G because wireless leadership is critical for their continued global competitiveness,” said Meredith Attwell Baker, President and CEO, CTIA.

The U.S. wireless industry is asking Washington policymakers to make additional spectrum available for wireless broadband, modernize infrastructure rules and draft regulations and tax policies to incentivize wireless investment.

If that happens, according to the CTIA, wireless providers stand to invest a projected $275 billion to deploy 5G.

This would create over 3 million new American jobs and adding $500 billion to the economy, according to Accenture.

In addition, the survey found almost 9 out of ten business leaders in these industries rely more on wireless today compared to five years ago, and 87 % of respondents also view wireless as very important to their business today.

The poll also showed that business leaders believe 5G can deliver additional benefits.

Healthcare executives:

  • Eighty-four percent believe that 5G will generate better patient outcomes through wireless-powered advancements such as remote, real-time patient monitoring and telemedicine.
  • Over two-thirds, 67%, believe that 5G has the ability to reduce medical costs.

Transportation executives:

  • Eighty-one percent believe 5G-powered autonomous cars will improve roadway safety, reduce traffic congestion and accidents, and save lives.

Energy executives:

  • Three out of four believe that a wireless-powered smart grid will reduce energy consumption, and help consumers and businesses save money on electricity bills.

Manufacturing executives:

  • More than seven in ten believe 5G will be very important to manufacturing, from management, to production, logistics and distribution.
  • Nearly three-quarters, 73%, believe wireless technologies will make their business more competitive in an ever-expanding global marketplace.

The study was conducted August 3-21, 2017, online by Harris Poll among 507 executives in the U.S. working in the healthcare, transportation, energy, and manufacturing industries.

CTIA represents the U.S. wireless communications industry.  www.ctia.org

You might also like