Home Business From healthcare, to the environment, to manufacturing: 393 billion in benefits from 5G

From healthcare, to the environment, to manufacturing: 393 billion in benefits from 5G

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A positive contribution on the Italian GDP of 393 billion euros by 2040, of which 160 billion generated by services for people (human component) and the remaining 233 by services created with the Internet of Things (connected objects). Numbers behind which there is a 1% increase in productivity in manufacturing, benefits that will be discharged on the most disparate sectors, but also on health and the environment.

The transformation of 5G

It is the Tim Study Center that takes the picture on the economic contribution of 5G to the Italian economy with a specific study: “Smart Italy 5G”. “We are talking about a revolution compared to previous generations. It is improving the performance from the point of view. It is coming into our life, but it will change our activities. And it happens at a particular moment in our history, in an Italy grappling with the digital transition ”, explained Carlo Nardello, Chief Strategy, Business Development & Transformation Officer Tim. «5G represents a transformation that concerns mobile and fixed telephony that will allow us to do not only better some things, but“ other things ”from a human, social and behavioral point of view. And many of these discoveries we will make over time. We like Tim want to do it in a leadership position on the market “, added Stefano Siragusa, Chief Revenue Officer of Tim.

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Investments and partnerships

The marketing of the services has started in 25 countries of the European Union (out of 273 total). The EU Commission, underlining the importance of digital technologies during the pandemic, has extended the 5G coverage targets to all inhabited areas (Digital Compass 2030). The 5G revolution, however, passes through investments and an effort that is not at all trivial. And as evidence of how demanding the process is, there are the many partnerships that see operators as protagonists. In Italy, in addition to Tim and Vodafone, Wind Tre and Fastweb, Tiscali and Linkem have signed agreements for the construction of the 5G network. Outside the national borders, in the United Kingdom Vodafone and O2 have signed an agreement to share the network infrastructure, similarly in Spain Masmovil and Orange Spain, in Belgium Proximus and Orange. In Germany DT, Telefonica Deutschland and Vodafone have signed a letter of intent for sharing networks. In the UK, also to extend 4G mobile coverage and share investments, four mobile operators, with government support, have created the “UK shared rural network”.

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The strengths of 5G

Speed ​​and low latency are the strengths of 5G with which the new technology promises to make space on the market. There is talk of a maximum download speed of 20 Gbps, compared to 2 Gbps of 4G and response times (latency) reduced from 10-50 milliseconds of 4G to 1-4 milliseconds. Tim’s study – with estimates based on the application of the econometric model of the GSMA1 and Frontiers Economics2 and which follow the criteria for determining the 5G benefits developed by the EU Commission – then goes into detail on the various sectors.

The benefits for health

In the healthcare sector, for example, the benefits will be around one billion annually starting from 2025, of which 150 million are cost containment for prevention, 790 million savings on clinical monitoring, 32 million savings on policies and about 4 million greater efficiency. and effectiveness in pharmaceutical research and development expenses. Certainly 5G will offer the great opportunity for the digital transformation of healthcare. Telesurgery, connected ambulance, instrumentally assisted telemonitoring and high definition teleconsultation stand out among the main use cases already tested. According to a survey carried out in 2020 by SWG for Operazione Risorgimento Digitale – the great alliance of institutions and companies promoted by Tim to promote the spread of digital culture in the country – 65.9% of Italians believe that the spread of 5G will increase the use of smart watches and other wearable devices, which can provide valid support for the prevention and monitoring of lifestyles through the detection of biometric data, particularly in the age group over 55 (76.4% of sample).

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