5G: a crucial step for economic growth

01 May 24

In 2019, the United Kingdom was among the early adopters of commercial 5G technology - however, recent reports signify that the country is falling behind in the global 5G race. Blame for the decrease in pace is placed upon the lack of investment by mobile operators and disruptive governmental decisions (such as the ban on Huawei equipment).

While Ofcom reports 82% 5G coverage by at least one operator in populated areas – the figure drops to a mere 22% for areas covered by all network providers. This poses a risk to many small to medium-sized enterprises (SMEs), with projected losses of £8.6 billion annually in potential productivity savings due to slow rollout of 5G connectivity.

In this week’s blog, we’re exploring the importance of fifth-generation cellular technology and how engineers can enhance field efficiency during its national deployment.

The power of 5G

To many, 5G is just faster internet – but on an industrial level, the technology will serve as a catalyst for change across various sectors. In agriculture, 5G standalone (SA) could save the average farmworker over three working weeks annually through real-time monitoring of soil, weather and equipment. Across the sector, this translates to a collective saving of over 37.7 million working hours annually, fostering productivity and enabling businesses to refocus their efforts on growth.

In the retail sector, over two million employees could save over 45.3 million working hours annually by leveraging 5G SA-enabled technologies for stock maintenance. These technologies streamline processes, minimise manual labour and contribute to productivity savings of £1.85 billion annually.

Why 5G matters

In his 2023 Autumn Statement, Chancellor Jeremy Hunt emphasised the critical role of 5G in encouraging economic growth and innovation. With the aim of transforming Britain into the world’s next Silicon Valley, Mr Hunt highlighted the importance of combining the country’s formidable financial prowess with the latest technological innovations.

With Assembly Research estimating that 5G’s UK economic worth as £173bn – it’s clear to see how the technology will pave the way for higher productivity, connected cities and the advancement of new technologies, like driverless vehicles. Despite the economic benefits – delays in the expansion of 5G networks persists.

TrackTrans Assets

As the demand for robust connectivity grows, ensuring the fast and efficient deployment of 5G infrastructure is critical. TrackTrans Assets is purpose-built to support field-based projects, including the rollout of 5G networks, fibre technology and utility upgrades. As a key component of the broader TrackTrans platform, it ensures seamless coordination among contractors, construction partners and field-based service teams, ensuring timely access to necessary supplies.

Accelerating the deployment of 5G infrastructure is not just about staying competitive – it’s about securing the UK’s position as a leader in technological innovation and economic prosperity. By prioritising investment in 5G and leveraging solutions like TrackTrans, we can chart the course for a more connected, efficient and prosperous future.

Try our free demo today to discover how TrackTrans is helping shape the future of connectivity and infrastructure.

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