Helping Network Operators Monetize 5G

The advent of 5G has marked a turning point in the telecommunications industry. With its high bandwidth and low latency, 5G has introduced a new horizon for a variety of connectivity areas that are driving new revenue streams for network operators — connectivity for people, for things, for vehicles, for industries and for the home. With over 1.2 billion 5G users worldwide, 5G is spearheading the development of the digital industry and enabling the digitalization of all industries, with the early adopters reaping the first wave of benefits.

Read more: Capitalizing on the 5G Revolution

Currently, the digital economy is a key driver of growth in major overall economies around the world. It is becoming a key force in restructuring global resource elements, reshaping global economic structures and changing global competition.

Read more: MWC Shanghai 2023: Boosting Innovation to Further Intelligent Digital Transformation

 During the Huawei Product & Solution Innovation Launch at MWC Shanghai 2023, Huawei unveiled its groundbreaking advancements in 5G intelligent core networks. President of Huawei Cloud Core Network Product Line, Mr. George Gao, took center stage to discuss upgrades to Huawei’s IntelligentCore that help carriers achieve greater service innovation, monetization and success in a rapidly evolving 5G landscape.

Read more: Huawei Unveils Groundbreaking Advances in 5G Intelligent Core Networks

The ICT industry has come a long way in enabling today’s digital-first economy since the early advancements in 2G, 3G and 4G mobile internet connectivity. Now, with the rapid deployment and adoption of 5G technology, the digital economy holds tremendous potential for all sectors and industries and endless possibilities for new revenue and economic growth. However, to derive genuine value from this potential, carriers must focus on constant innovation and collaboration to meet the increasing digital requirements in both the consumer and industrial markets.

Read more: MWC Shanghai 2023: Unleashing the Digital Dividends of 5G

The upcoming AI for Good Global Summit in Geneva, Switzerland, on July 6-7, will feature AI and robotics innovators joining humanitarian leaders to advance AI for sustainable development. The summit will feature two high-level roundtables that will host discussions on safe and responsible AI and the potential development of global AI governance frameworks. Doreen Bogdan-Martin, ITU Secretary-General, emphasized the importance of shaping AI faster than it is shaping us and how the summit will bring leading voices from different interests together to ensure that AI can positively impact the UN's Sustainable Development Goals.

Read more: Global Summit Commits to Ensuring AI's Positive Impact on Humanity

Carriers have been at the forefront of the digital transformation over the past few years. The introduction of cloud services, B-to-B (business-to-business) technologies, and video streaming has created new growth potential for carriers. However, these new services place greater demands on IT infrastructure. Efficient data training, cost-effective data storage, and robust data resilience have all emerged as key challenges for carriers, particularly as the threat of ransomware grows.

Read more: Huawei: Building Trustworthy Data Infrastructure for Carriers

Fortinet's global 2023 State of Zero Trust report has revealed the current state of zero-trust security efforts and the progress made by IT teams in securing remote workers during the pandemic. Nearly half of the survey respondents faced significant challenges in integrating zero-trust solutions deployed on-premises and in the cloud, according to John Maddison, EVP Products and CMO at Fortinet. He emphasized the need for solutions that converge networking and security, such as Fortinet Universal ZTNA and Universal SASE, to effectively implement zero trust. The report also highlights the ongoing challenges organizations face in securing a hybrid workforce.

Read more: Fortinet Report: Majority Implementing Zero Trust, Yet Challenges Remain

More Articles ...