By Paul Savill, Global Practice Leader for Network and Edge at Kyndryl
The need for connectivity, automation and advanced manufacturing technologies and analytics has characterized the new era known as Industry 4.0. At Kyndryl, we are already seeing the value of large-scale deployments of private LTE/5G wireless networks, particularly in heavy industrial environments, with customers like Dow and Chevron Phillips Chemical.
Private 5G networks are quickly replacing legacy network technology or large, multistory steel and concrete environments where Wi-Fi performs poorly. The technology provides higher bandwidth, lower latency and better reliability than traditional connections. What’s more, it also offers companies the connectivity required to implement operational technology (OT) network transformations through advanced technologies like machine learning (ML), artificial intelligence (AI) and automation. These are the building blocks for realizing the potential of Industry 4.0 initiatives.
The use of private 5G (P5G) networks will continue to grow exponentially as companies across verticals like healthcare, transportation and logistics look to accelerate digital transformation to drive innovation and new technological capabilities. In fact, according to Analysys Mason, spending on private networks will increase to $9 billion in 2028, from $1 billion in 2022. It is estimated that by 2027, manufacturing will account for 35% of all private network spending.
But connectivity is only the first part of the equation for fueling innovation. Collaboration across industries and working with a trustworthy advisor for every step of the technology implementation is crucial for everything to fall into place.