Abstract
The family of cellular mobile telecommunications standards – including 5G – is mostly defined by the 3GPP standardizing organization. While these are well known in are unfamiliar with the concepts and the content of these documents. It is essential to define and designate how 5G is different from existing wired and wireless technologies, what are the main business benefits, and what are the key potential areas according to the new technology achievements. In our work, we present some fundamental aspects of the 5G business potential, where the key motives lay regarding the Industry 4.0 revolution and the innovation of 5G industrial architectures, including vendors, industrial players, and network operators.
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