Future of Sourcing - 5G https://www.futureofsourcing.com/tags/5g en Why Companies are Siliconizing the Timing Supply Chain https://www.futureofsourcing.com/why-companies-are-siliconizing-the-timing-supply-chain <div class="field field-name-field-image field-type-image field-label-hidden"><div class="field-items"><div class="field-item even" rel="og:image rdfs:seeAlso" resource="https://www.futureofsourcing.com/sites/default/files/articles/Why%20Companies%20are%20Siliconizing%20the%20Timing%20Supply%20Chain%20.png"><a href="https://www.futureofsourcing.com/sites/default/files/articles/Why%20Companies%20are%20Siliconizing%20the%20Timing%20Supply%20Chain%20.png" title="Why Companies are Siliconizing the Timing Supply Chain" class="colorbox" rel="gallery-node-2085-eeHi2bpraw4"><img typeof="foaf:Image" src="https://www.futureofsourcing.com/sites/default/files/styles/juicebox_medium/public/articles/Why%20Companies%20are%20Siliconizing%20the%20Timing%20Supply%20Chain%20.png?itok=fxwht7GG" width="624" height="325" alt="Why Companies are Siliconizing the Timing Supply Chain" title="" /></a></div></div></div><div class="field field-name-field-intro field-type-text-long field-label-hidden"><div class="field-items"><div class="field-item even"> <h1>Why Companies are Siliconizing the Timing Supply Chain</h1> </div></div></div><div class="field field-name-field-related-news field-type-entityreference field-label-above"><div class="field-label">Related news:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/why-the-just-in-time-supply-chain-model-is-failing">Why the Just-in-Time Supply Chain Model is Failing</a></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"> <p>The siliconization of the timing industry began in earnest 15 years ago. Today MEMS (micro-electro-mechanical systems) timing companies have shipped over 2 billion units of silicon MEMS timing devices. They are used in 400+ applications from the most accurate wearables in the world, to 5G radios that operate in harsh environments, to automotive cameras that serve as the eyes of the mission critical ADAS systems.</p> <p>So why silicon MEMS for timing? Simply put, silicon and semiconductors have transformed many industries &ndash; photography film, magnetic storage, incandescent lighting and mechanical sensors &ndash; because they offer dramatic new functionality and performance while simultaneously reducing power, size and design complexity. And for the same reasons, they are now transforming the timing industry.&nbsp;</p> <h2>Complex and Demanding Timing Requirements Driving the Market</h2> <p>The accelerated pace of timing industry siliconization is driven by two market trends: the emergence of new applications with more complex and demanding timing requirements, and the need for more timing components.&nbsp;&nbsp;</p> <p>5G radios is one such example of mission critical applications that must operate in harsh environments with zero downtime. In 5G, silicon MEMS delivers the best time accuracy that underpins the 5G radio access network (RAN), with systems operating under environmental stressors such as high temperature, rapid temperature change, vibration and noisy power supplies.&nbsp;&nbsp;</p> <p>Automotive electronics represents another growth segment with huge demand for silicon MEMS timing. MEMS timing not only eliminates quartz-based timing components as a major reliability concern, but also provides the necessary capacity to sustain customer production needs even in the face of industry wide shortage challenges.</p> <p>If one looks inside an electronic system, few components are not 100% silicon based, timing being one example. And with MEMS, timing is well on its way of siliconization.</p> <h2>Timing, the Heartbeat of Electronics</h2> <p>Simply stated, timing is the heartbeat of electronic systems, delivering an accurate, stable and regular signal &ndash; like a human heartbeat &ndash; and providing a reference for all digital components in the system. Five timing parameters are of the highest importance: absolute frequency, accuracy, stability, low noise and long-term performance.</p> <p>Timing devices consist of passive resonators, active oscillators, and integrated clock generators and buffers, each of which performs different functions. There are two essential components inside a timing subsystem: a resonator that vibrates at a resonant frequency and an analog integrated circuit (IC) that converts these vibrations into electrical signals and distributes them. In many cases, the resonator and IC are combined in a system-in-package (SIP) to form a complete solution.</p> <h2>How is Silicon MEMS Technology is Different</h2> <p>In the past, most resonators have been quartz crystal based. They exhibit piezoelectric effects and require a precise thickness and angular cut during manufacturing to achieve the required resonant frequency and stability over temperature, respectively. While quartz is a mature technology that has served the electronics industry for over 70 years, it has limitations such as fragility and large size, plus susceptibility to mechanical stresses, rapid temperature changes and aging effects.</p> <p>Silicon MEMS technology has recently emerged as a superior alternative to quartz and has these advantages:</p> <ul> <li>Higher performance including better stability over time and temperature</li> <li>Lower power</li> <li>Smaller size</li> <li>Superior flexibility through programmability</li> <li>Higher reliability</li> <li>More able to withstand the effects of temperature extremes, shock and vibration</li> </ul> <p>One might ask how susceptible MEMS technology is to supply issues compared to Quartz? Quartz and MEMS timing supply chains are fundamentally different and separate.</p> <p>Quartz resonators require precision machining, which requires dedicated factories. To ramp up quartz manufacturing and packaging, quartz suppliers must build new factories at great expense. Conversely, MEMS resonators are manufactured using silicon wafers in semiconductor foundries, where the volume can be easily scaled up to meet higher demand.</p> <p>Quartz has unique packaging characteristics. Quartz crystals must be packaged in a vacuum inside hermetically sealed ceramic packages to enable accurate and reliable operation. There are few ceramic package suppliers globally, and according to various industry reports, a leading Japanese provider commands a 70% market share. Any disruption can impact the entire quartz timing industry -- as has happened before.</p> <p>On the other hand, silicon MEMS resonators are dramatically smaller than quartz and operate in a die-level vacuum, eliminating the need for hermetically sealed packages. MEMS-based timing devices can use various semiconductor packages, including standard plastic packages and advanced wafer-level chip-scale packaging (WLCSP). These packages are easy to manufacture and are provided by all major semiconductor assembly providers (e.g., ASE, UTAC, Carsem).</p> <p>The analog ICs for quartz oscillators are usually outsourced for development and manufacturing. And in many cases, they are manufactured in dedicated fabs associated with the quartz industry, which can be a problem. For example, in October 2020, a fire at a plant operated by Asahi Kasei Microdevices (AKM), a Japanese analog IC supplier, impacted many quartz timing suppliers. The resulting shortages had a cascading effect on many electronics markets, which are still being felt. Another example was the Great East Japan Earthquake of March 2011, which had a devastating impact on human life, communities and industries. Many quartz factories in the region went offline for months, causing disruptions that reverberated throughout the industry.&nbsp;</p> <p>The analog ICs for MEMS are typically designed inhouse by the same companies that develop the MEMS resonators and are manufactured in large foundries such as TSMC. Given the tremendous capacity of global semiconductor foundries, scaling up silicon supplies is usually simply a matter of timely forecasting.</p> <h2>Semiconductor Supply Chains More Flexible and Responsive Than Quartz</h2> <p>Despite recent shortages, semiconductor supply chains are still more flexible and responsive than quartz and can scale up or down to meet electronics&#39; demands. Industry watchers expect that the current semiconductor shortages will ease as the supply chain scales rapidly to meet forecasted demand.</p> <p>Business continuity plans (BCP) require a diversity of supply and having two independent sources is a tremendous advantage. In the timing industry, having two quartz suppliers is just not good enough, as each source may still use the same package or IC supplier. Instead, electronics companies must consider adding a completely disparate technology and supply chain, such as MEMS timing, to fulfill their BCP requirements. The added benefit of MEMS timing is that it also offers a performance advantage over quartz.</p> <p>Compared to the inflexible, vendor-constrained quartz supply chain, the $440 billion global semiconductor industry provides a robust, flexible and stable ecosystem for MEMS-based timing devices to serve the needs of the ever-growing electronics industry. The siliconization of the timing industry is rapidly accelerating. Whether for risk mitigation, inventory diversification or a clear design advantage, learning about the benefits of MEMS timing is a sound first step to take.</p> </div></div></div><div class="field field-name-field-tags field-type-taxonomy-term-reference field-label-inline clearfix"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even" rel="dc:subject"><a href="/tags/silicon" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Silicon</a></div><div class="field-item odd" rel="dc:subject"><a href="/tags/semiconductors" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Semiconductors</a></div><div class="field-item even" rel="dc:subject"><a href="/tags/sitime" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">SiTime</a></div><div class="field-item odd" rel="dc:subject"><a href="/tags/5g" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">5G</a></div></div></div><div class="field field-name-field-addthis field-type-addthis field-label-hidden"><div class="field-items"><div class="field-item even"><div class="addthis_toolbox addthis_default_style " addthis:title="Why Companies are Siliconizing the Timing Supply Chain - Future of Sourcing" addthis:url="https://www.futureofsourcing.com/why-companies-are-siliconizing-the-timing-supply-chain"><a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_linkedin"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_facebook"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_twitter"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_googleplus"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_pinterest_share"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_reddit"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_email"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_print"></a> </div> </div></div></div><div class="field field-name-field-region field-type-taxonomy-term-reference field-label-inline clearfix"><div class="field-label">Region:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/regions/global" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Global</a></div></div></div> Thu, 18 Nov 2021 02:00:00 +0000 Jeff Gao 2085 at https://www.futureofsourcing.com https://www.futureofsourcing.com/why-companies-are-siliconizing-the-timing-supply-chain#comments Could Puerto Rico Become the Next Big Tech Haven? https://www.futureofsourcing.com/could-puerto-rico-become-the-next-big-tech-haven <div class="field field-name-field-image field-type-image field-label-hidden"><div class="field-items"><div class="field-item even" rel="og:image rdfs:seeAlso" resource="https://www.futureofsourcing.com/sites/default/files/articles/Could%20Puerto%20Rico%20Become%20the%20Next%20Big%20Tech%20Haven%3F.png"><a href="https://www.futureofsourcing.com/sites/default/files/articles/Could%20Puerto%20Rico%20Become%20the%20Next%20Big%20Tech%20Haven%3F.png" title="Could Puerto Rico Become the Next Big Tech Haven?" class="colorbox" rel="gallery-node-1998-eeHi2bpraw4"><img typeof="foaf:Image" src="https://www.futureofsourcing.com/sites/default/files/styles/juicebox_medium/public/articles/Could%20Puerto%20Rico%20Become%20the%20Next%20Big%20Tech%20Haven%3F.png?itok=ZZgfQjNW" width="624" height="325" alt="Could Puerto Rico Become the Next Big Tech Haven?" title="" /></a></div></div></div><div class="field field-name-field-intro field-type-text-long field-label-hidden"><div class="field-items"><div class="field-item even"> <h1>Could Puerto Rico Become the Next Big Tech Haven?</h1> </div></div></div><div class="field field-name-field-related-news field-type-entityreference field-label-above"><div class="field-label">Related news:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/are-you-getting-the-most-out-of-your-nearshore-digital-transformation-partner">Are You Getting the Most Out of Your Nearshore Digital Transformation Partner?</a></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"> <p>During the 2006 economic downturn in Puerto Rico, many jobs were lost and people left the island. Fast forward to 2017 when Hurricane Maria made the problem even worse. People left the island in masses; and many didn&rsquo;t come back. It&rsquo;s often said that every Puerto Rican knows someone who died and someone who left as a result of the devastation.&nbsp;</p> <p>It was a dire few decades for the U.S. territory, but the rebuilding is well underway (with <a href="https://www.npr.org/2020/09/18/914466896/trump-administration-announces-nearly-13-billion-in-aid-for-puerto-rico" target="_blank">funds</a> arriving from the U.S. federal government of fall 2020). Hope and optimism are returning at last. One shining star that is leading the way to economic recovery is the tech industry, but it&rsquo;s imperative that we shore up our tech talent and bring professionals back to the island.</p> <p>What&rsquo;s encouraging is that it&rsquo;s already happening. Puerto Rican native, Orlando Bravo, a billionaire running a global private equity investment firm along with many tech ventures, has given <a href="https://www.wsj.com/articles/orlando-bravo-rides-software-deals-to-heights-of-private-equity-industry-11600767001#:~:text=Bravo%20committed%20%24100%20million%20to,mid%2Dstage%20Puerto%20Rican%20startups." target="_blank">$100 million to support tech innovation and start-ups on the western part of the island. </a>In addition, another Puerto Rican native, Ric Elias, CEO of Red Venture, has invested heavily in nurturing tech talent on the island. And many global technology companies have offices in Puerto Rico, such as Infosys, Honeywell, GE and Microsoft.</p> <h2>The Benefits of Returning</h2> <p>Whether new to the island or returning to grow their businesses, there are huge opportunities for start-ups and established firms, as well as technology professionals across all areas of expertise.</p> <p>It was <a href="https://newsismybusiness.com/partnership-kicks-off-puerto-rico-5g-zone-initiative/" target="_blank">recently announced</a> that Puerto Rico will be home to one of the leading labs for 5G testing this year. The 5G Zone will enable tech firms, telecom companies and other businesses to test applications and build new use cases for 5G networks. The initiative promises to help the island better leverage our human capital and become a hub for tech in Latin America.</p> <p>Businesses find that there are many economic incentives to set up shop in Puerto Rico. &nbsp;There are many tax breaks offered to specific industries, public buildings can be leased at attractive rates, and there are varied wage incentives and access to financing through tax-free industrial bonds and direct loans.</p> <p>In addition, <a href="https://www.investpr.org/puerto-rico-tax-incentives" target="_blank">Act 60 is a new incentive code</a> designed to accelerate economic growth. Under the program, individuals receive a 4% flat income tax rate, 75% property tax exemption along with other financial benefits.&nbsp;</p> <p>Aside from the financial benefits, tech professionals are finding good paying jobs. When combined with the lower cost of living and quality of life, they offer an appealing proposition.</p> <h2>The Nearshore Model is the Best of Both Worlds</h2> <p>The pandemic also has shifted national attention back to the issue of bringing more tech services and manufacturing back to the U.S. from far-flung offshore regions, and this opens up widespread opportunities for Puerto Rico-based nearshorers, which can offer lower costs and equal quality than mainland providers.&nbsp;&nbsp;</p> <p>Already, Puerto Rico is home to <a href="https://pharmaboardroom.com/articles/5-top-pharma-manufacturers-in-puerto-rico/" target="_blank">11 of the top 20 global pharma companies</a>, such as Amgen, Eli Lilly, Pfizer and Bristol-Myers Squibb. For software, AI and other technology providers, this target customer base opens up great opportunities for business growth and partnerships.</p> <h2>The Challenges Being Overcome</h2> <p>Despite the enormous opportunities that are making tech a hotbed for technology leadership, there are challenges that must be overcome. Electric and cable infrastructure, a lifeline for most businesses, is often unsteady, and buildings and other infrastructure damaged by the hurricanes continues to be rebuilt. Here at Wovenware, we overcome these issues with back-up generators and redundancy in internet providers in case of outages.&nbsp;</p> <p>But the real challenge comes in having enough qualified tech talent to keep pace.&nbsp; Despite the fact that the island graduates 10,000 scientists, engineers and IT professionals each year (according to the Puerto Rico Information Technology Cluster), there continues to be a shortage due to young professionals leaving the island for the mainland; or pursuing other careers.</p> <p>Organizations, such as <a href="https://www.investpr.org/" target="_blank">Invest PR</a>, <a href="https://www.conprmetidos.org/" target="_blank">ConPRmetidos</a> and others are doing their part to welcome tech talent on the island, through training programs, marketing campaigns and networking events that work to bring more businesses to Puerto Rico.&nbsp; <a href="https://prsciencetrust.org/" target="_blank">Parallel18</a>, a program from the Puerto Rico Science, Technology &amp; Research Trust,&nbsp; promotes entrepreneurship in Puerto Rico, and serves as an incubator for start-ups.&nbsp;</p> <p>We&rsquo;ve all heard of the recent &ldquo;exodus&rdquo; of tech firms to Texas, Florida and other regions, which proves that tech innovation is alive and well beyond Silicon Valley. Puerto Rico is fast becoming one of these new destinations for technology innovation. We have the expertise and innovation, the backing of industry powerhouses, along with government support, and most importantly &ndash; the resilience and drive to make it happen.</p> </div></div></div><div class="field field-name-field-tags field-type-taxonomy-term-reference field-label-inline clearfix"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even" rel="dc:subject"><a href="/tags/puerto-rico" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Puerto Rico</a></div><div class="field-item odd" rel="dc:subject"><a href="/tags/talent-management" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Talent Management</a></div><div class="field-item even" rel="dc:subject"><a href="/tags/manufacturing" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Manufacturing</a></div><div class="field-item odd" rel="dc:subject"><a href="/tags/5g" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">5G</a></div></div></div><div class="field field-name-field-addthis field-type-addthis field-label-hidden"><div class="field-items"><div class="field-item even"><div class="addthis_toolbox addthis_default_style " addthis:title="Could Puerto Rico Become the Next Big Tech Haven? - Future of Sourcing" addthis:url="https://www.futureofsourcing.com/could-puerto-rico-become-the-next-big-tech-haven"><a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_linkedin"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_facebook"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_twitter"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_googleplus"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_pinterest_share"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_reddit"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_email"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_print"></a> </div> </div></div></div><div class="field field-name-field-region field-type-taxonomy-term-reference field-label-inline clearfix"><div class="field-label">Region:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/regions/latinamerica-caribbean" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Latin America/Caribbean</a></div></div></div> Wed, 09 Jun 2021 02:00:00 +0000 Carlos Meléndez 1998 at https://www.futureofsourcing.com https://www.futureofsourcing.com/could-puerto-rico-become-the-next-big-tech-haven#comments 5G and Procurement: Ushering in a Revolutionary Change in Internet Connection https://www.futureofsourcing.com/5g-and-procurement-ushering-in-a-revolutionary-change-in-internet-connection <div class="field field-name-field-image field-type-image field-label-hidden"><div class="field-items"><div class="field-item even" rel="og:image rdfs:seeAlso" resource="https://www.futureofsourcing.com/sites/default/files/articles/5G_and_Procurement.png"><a href="https://www.futureofsourcing.com/sites/default/files/articles/5G_and_Procurement.png" title="5G and Procurement" class="colorbox" rel="gallery-node-1699-eeHi2bpraw4"><img typeof="foaf:Image" src="https://www.futureofsourcing.com/sites/default/files/styles/juicebox_medium/public/articles/5G_and_Procurement.png?itok=URL2fW6G" width="624" height="325" alt="5G and Procurement" title="" /></a></div></div></div><div class="field field-name-field-related-news field-type-entityreference field-label-above"><div class="field-label">Related news:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/information-technology-procurement-as-a-service-added-value-to-internal-procurement-teams">Information Technology Procurement as a Service – Added Value to Internal Procurement Teams</a></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"> <p>Advancements in new technologies always assure to crop up with proficiency gains, high throughput and lower costs. When it comes to such advancements, the job for procurement is to have a clear understanding about how they function, what they are and what exactly they will make over for the greater cause of the business.</p> <p>Well, there&rsquo;s no doubt that despite the wide implementation of 4G services, a more accelerated and consistent Internet service is needed. With engineers overseeing and regulating internal trials of 5G technology on a constant note, there is substantial potential that in the near future, there will be a huge transformation in business activities across the world.</p> <p>Speed is not the only benefit 5G technology offers. When lower dormancies will guarantee fewer Internet dropouts, it is also projected to be more power-competent and more broadly accessible than that of 4G. These features will let procurement work with its suppliers at a higher speed, creating a wealth of opportunities for value which, in turn, will prove to be cost-efficient.</p> <p>Needless to say, procurement has always kept an eye on the cost factor. However, the technology is still in its nascent stage and thus, it is quite tough to imagine the additional costs. It is likely data demands will experience a significant rise and, with mobile data levying a considerable charge, costs could swell significantly.</p> <h1>Impacts of 5G on Procurement</h1> <ul> <li>With every new technology in use, it paves the way toward extra costs. According to procurement experts, as this technology is new, innovative and under progress, they are waiting to see how much this is going to cost consumers and how exactly it would be beneficial to the business. Simultaneously, current mobile data costs are expected to pile up since 5G is going to have significant impact on both business and consumers alike.</li> <li>The push and plug on 5G has been cited by procurement professionals a number of times before. When it would provide data 100 times faster than a 2G or 3G network, it would also help scale up both business operations and procurement activities, thereby jacking up their development requirements in more than one way.</li> <li>Due to its high speed, this technology would certainly make communication easier than ever before, which would result in economical approaches and ensure efficacy.</li> <li>Along with the desired speed, this advanced technology comes with a lower dormancy rate as well, which means that this will be much more effectual than 4G, and users should rarely experience connection drops.</li> <li>In today&rsquo;s fast-paced milieu when we have to deal with piles of media and software, it would definitely be a great help if the amount of time taken to download data is reduced to halves. For this, nothing can be better than a 5G network.</li> <li>Also, the high speed would allow the quality of video conferencing to improve substantially.&nbsp;&nbsp;</li> </ul> <p>Nonetheless, 5G always demands recycled outdated devices. Despite the convenience and readiness of the new technology, companies should ask themselves if they really need 5G in their supply chain. There are also instances where organizations have stood over 5G adaptation at least until the next hardware refresh.</p> <p>According to Allied Market Research, the global <a href="https://www.prnewswire.com/news-releases/5g-technology-market-expected-to-reach-667-9-billion-globally-by-2026-at-122-3-cagr-says-amr-300894975.html" target="_blank">5G technology market</a> is expected to grow at the fastest CAGR of 122.3% from 2021to 2026. Increase in the number of IoT devices, implementation of edge computing and demand for low remission connectivity in industrial automation are the major factors propelling the growth of the market. On the other hand, adoption of fiber backhaul is expected to impede the growth to a certain extent. Nevertheless, a surge in investments in smart cities has almost downplayed the restraining factor and set forth a number of opportunities in the industry.</p> <p>5G technology is expected to transform communication around the world. With greater speed and reliability than other prevailing technologies, 5G technology would offer limitless potential for both consumers and industries alike. With the growing craze for connected cars and industrial automation, the importance of a 5G network has never been more felt.</p> <p>It&rsquo;s not the end though. 5G technology is also projected to offer socio-economic change, thereby paving the way for a hyper-connected society. When a number of applications powered by 5G technologies are being highly assessed under the industry 4.0 initiatives worldwide, this advanced science is also expected to help drive advancements in automobiles-to-infrastructure, automobiles-to-automobiles, peer-to-peer and vehicle-to-stroller connectivity.</p> <p>To sum up, we can assert that the 5G technology market is growing rapidly, and it&rsquo;s anticipated to thrive even more in the next few years.</p> </div></div></div><div class="field field-name-field-tags field-type-taxonomy-term-reference field-label-inline clearfix"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even" rel="dc:subject"><a href="/tags/5g" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">5G</a></div><div class="field-item odd" rel="dc:subject"><a href="/tags/procurement" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Procurement</a></div><div class="field-item even" rel="dc:subject"><a href="/tags/digital-technology" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Digital Technology</a></div><div class="field-item odd" rel="dc:subject"><a href="/tags/internet" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Internet</a></div></div></div><div class="field field-name-field-addthis field-type-addthis field-label-hidden"><div class="field-items"><div class="field-item even"><div class="addthis_toolbox addthis_default_style " addthis:title="5G and Procurement: Ushering in a Revolutionary Change in Internet Connection - Future of Sourcing" addthis:url="https://www.futureofsourcing.com/5g-and-procurement-ushering-in-a-revolutionary-change-in-internet-connection"><a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_linkedin"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_facebook"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_twitter"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_googleplus"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_pinterest_share"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_reddit"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_email"></a> <a href="https://www.addthis.com/bookmark.php?v=300" class="addthis_button_print"></a> </div> </div></div></div><div class="field field-name-field-region field-type-taxonomy-term-reference field-label-inline clearfix"><div class="field-label">Region:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/regions/global" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">Global</a></div></div></div> Sun, 09 Feb 2020 20:17:33 +0000 Koyel Ghosh 1699 at https://www.futureofsourcing.com https://www.futureofsourcing.com/5g-and-procurement-ushering-in-a-revolutionary-change-in-internet-connection#comments