An Evaluation of Company Economic Performance Using 5G Network an Integrated Management Framework

Abstract

AbstractThe fifth-generation mobile communication, commonly known as 5G network is now available in developed countries and many developing nations are also focusing to implement them so as to boost trade and commerce domestically and internationally. 5G is set to revolutionise technology in various devices covering smartphones, internet connectivity etc. and also capable of using the artificial intelligence applications at ease. This will enable in enhancing the overall performance of many business enterprises as they are highly connected through technology for managing the factors of production. Moreover, it is estimated that the overall investments in the 5G networks is expected to reach $1 trillion by 2025, which represents the comprehensive interests of the global mobile network operators. Furthermore, the 5G network when coupled with other technology solutions like internet of things (IoT), Web 2.0 and big data etc. tend to deliver large-scale economic performance for the organisation and enhance sustainable growth and development. The 5G network uses advanced ultra-wide bans which possess higher band breadth with lower energy costs, helps the organisation to consume less power, furthermore, the 5G network supports the business through easier connection, enhanced communication and perform task quickly and efficiently. The application of 5G can enable the organisation to reduce their cost as more operational benefits can be ascertained, support in servicing more clients, and manage the human resources in an effective manner for generating better profits. The management can enhance operational effectiveness through the implementation of 5G network, this enables in greater communication specifically in different departments covering logistics, supply chain, information technology and other related areas. It is also stated that the work place can be enhanced through adopting such technologies and thereby achieve the mission and vision of the organisation.Keywords5G networkOrganisational performanceIntegrated management approachOperational efficiencies