The enhanced connectivity offered by 5G will make as real difference to people’s lives and pockets, says report
UK cities are being warned to upgrade to 5G or potentially miss out on productivity savings of £6 billion a year. The analysis comes from mobile operator O2, following publication of its report, The value of 5G for cities and communities.
The report identifies how 5G will ‘update the operating system’ of our cities, making them smarter and creating tangible benefits for citizens and local councils as well as generating £6 billion in productivity savings for the UK economy.
“Of all the ingredients that keep our economy and society moving, arguably top of the list is mobile,” said O2 CEO, Mark Evans.
“Our report demonstrates how 5G technology, when it arrives, will provide unprecedented benefits for consumers, councils and cities alike. The enhanced connectivity on offer will make a real difference to people’s lives and pockets.
“However none of these benefits are assured. We need a high level of collaboration to press ahead with the roll-out and to hardwire 5G into the fabric of our cities.”
The report predicts that through 5G, local councils will collectively share an annual £2.8 billion of efficiency savings, brought about by:
The report also sets out how cities’ transport infrastructure will be improved, reducing commuting time:
Meanwhile, O2 estimates every household will save up to £450 a year:
The report also predicts GP consultations will be streamlined, relieving pressure on the NHS:
O2 is calling for greater collaboration between industry, government, local councils, landlords and developers to ensure Britain can reap the benefits of 5G and maintain its digital leadership.
The operator has already been taking steps to pave the way for the roll-out of 5G in the UK. Last month, it announced it will partner with AEG to launch a 5G trial at the O2. Its parent company Telefónica also launched its 5G Technological Cities project in January, which will see the Spanish cities of Segovia and Talavera de la Reina converted into 5G living laboratories over the next three years to 2020.
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