EY: Telcos Need To Show More Digital Ambition In 5G Enterprise Space
Light Reading, Friday, May 26,2023
5G take-up among most industry verticals is still low. One reason for that is the failure of telcos to articulate a compelling value proposition. This is one of the conclusions that Tom Loozen, global telecommunications leader at EY, draws from the consultancy's latest annual study of enterprise perceptions surrounding 5G and IoT.
"Scaling 5G to the enterprise is something which I believe telcos can and should have done," Loozen told Light Reading.
The "EY Reimagining Industry Futures Study 2023" is based on an online survey of 1,325 enterprises worldwide. Conducted in November 2022, the survey suggests that many industry verticals are still furtively weighing up their 5G investment options, despite the technology being on their radar for five or six years.
In each industry sector canvassed by the survey - automotive, consumer, energy, financial services, government, manufacturing, healthcare and technology - less than a fifth of respondents said they were "currently" investing in 5G when the survey was carried out. Aside from the consumer, energy and healthcare sectors, the proportion of respondents from each vertical saying 5G investment was planned for 2023 remained stubbornly below the one-in-five mark.