How to Monetize 5G with Mobile Edge Computing and IoT: A Detailed Insight

 


Today’s intelligent industry is powered by two of the key technologies - 5G and Edge Computing. These have a huge impact on driving breakthrough innovation and transforming operations. Enhanced connectivity and data access have become critical for businesses across all industry verticals. 

5G, coupled with the Internet of Things (IoT), is bringing in a radical change in connectivity. From robot operation to factory automation, augmented and virtual reality to automated machines - it delivers a scalable and cost-effective multipurpose network. As a result, automation testing for the telecom domain has outperformed all expectations. 

Naturally, the flood of data produced by connected devices necessitates more than cloud computing in order to perform meaningful analysis at lightning speed. Mobile Edge Computing (MEC) is designed to resolve the issue and aims at negating latency by offering computing capabilities closer to the device. Edge computing plays a significant role in 5G. Gartner projects that 75% of data will be processed at the edge by 2025. 

5G Monetization Opportunity with Edge Computing and IoT 

A study by ABI Research finds that 5G has the potential to generate approximately $250 billion in revenue. Naturally, operators seek to leverage its potential. As connectivity comes to the forefront, mobile edge computing has become essential for operators to maximize the 5G monetization potential. While 5G application testing is central to it, the blog explores some other effective strategies that operators must implement. 

#1 Developer Centric Ecosystem 

Creating a developer-centric ecosystem is the first step to take. It’s important to have a platform where developers can envision the application and tap into the API and algorithm economy. Providing them with flexible and easy access to the public cloud, high-end software solutions, and monitoring devices will offer them full control, which, in turn, will deliver optimal results. 

In order to embrace endless possibilities, the platform needs to provide developers with the complete control that the public cloud gives. The operator ecosystem should aim at offering low latency connectivity that drives innovation. Low latency denotes a network that is optimized to process a high amount of data messages with a nominal delay. Therefore, such networks can support operations that demand near real-time access to continually changing data. Executing telecom network testing is ideal for creating such an advanced ecosystem.

 #2 Selecting the Right Architecture 

The architecture that MEC demands often overwhelms businesses. That is because of the availability of various security protocols, different routes with respective open-source standards, monitoring and hosting applications, and Fog Computing technology. 

If developers want to capitalize on edge technology, they must overcome several challenges and choose the best option from a diverse pool of advanced technologies. Creating a robust ecosystem coupled with telecommunication software testing is essential to achieving the goal. 

#3 Developing a Cloud-First Approach 

Other than embracing cloud-native architecture, operators also need to adopt an OTT style approach. Let us explore why. 

Typically, the operators have long testing cycles, interoperability checks, and multiple trials - all of which take a long time. This also resists innovation. On the other hand, OTTs consider the network as a means to reach users. Naturally, their top priority is to launch the most recent products as soon as possible in order to gain a competitive advantage. 

The 5G application testing service is fast in nature and can help operators meet their expectations.

#4 Innovative Business Model 

5G, along with mobile edge computing, helps operators to adopt an innovative business model that is larger in scale than the traditional cloud-based model. Thus, it offers more monetization opportunities. Further, IoT-enabled applications can connect to numerous devices, resulting in increased revenue. 

The MEC strategy has the potential to give rise to a marketplace where developers share technologies and services with other developers and leverage APIs to create more profitable and stronger edge-based applications. The strategy, thus, can inspire a network of developers and operators aiming at democratizing advanced technologies. 

Further, operators can offer low latency connectivity solutions for autonomous cars, connected homes, public safety, and industrial IoT. They can leverage computer vision and video analytics to provide such services. 

Conclusion

As an operator, if you seek to engage testing services for communications sector, it is high time to reach Cigniti. With years of experience and expertise, we can help you improve productivity, cycle time, and enhance AI/ML capabilities. This will pave the way for monetizing 5G with mobile edge computing and IoT. 

Resource

James Daniel is a software Tech enthusiastic & works at Cigniti Technologies. I'm having a great understanding of today's software testing quality that yields strong results and always happy to create valuable content & share thoughts.

Article Source: medium.com


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