According to Navigant Research, the ability of 5G networks to provide multi-spectrums and to be employed for multiple functions will help utility companies to achieve the full benefits of the Internet of Things and the Internet of Energy technologies.
Navigant is confident the deployment of 5G networks will be the foundation of the fourth industrial revolution.
The use of low-power, wide coverage and cost-effective communications networks such as 5G, extensive sensing and artificial intelligence will drive massive changes across industries and societies.
The research firm says 5G networks will equip distribution system operators with capabilities to operate, manage and respond to events happening within energy networks in real time.
In a statement, Navigant Research wrote 5G networks will enable smart fleet management and utilities to employ edge computing and cloud technologies to optimise the efficiency of grid networks through automation and intelligent control of decentralised grid assets.
The virtualisation of 5G networks will allow network operators to provide utilities with secure and quality services not achievable by other communications technologies. For instance, energy providers will be able to prioritise which frequency or signal they can use for telemetry of data in line with work loads.
Richelle Elberg, principal research analyst with Navigant Research: “Many of the concerns utilities have historically had with public networks should be alleviated, and the opportunity for a truly ubiquitous, future proof network is one that utilities should not overlook as 5G networks come to fruition”
The report recommends utilities identify the major international carriers and infrastructure vendors, to explore the potential business partnerships and opportunities available.
The report, 5G and the Internet of Energy, provides an overview of the 5G technology standard and its use cases.