The promise of 5G and a new generation of mobile networks will soon be realized. But 5G is more than faster download speeds and better battery performance. For manufacturers, better technology and rapidly advancing new technology applications are increasingly a key differentiator in a globally competitive marketplace. The 21st century shop floor is ever-evolving—and it is as ambitious and high-tech as the future it is creating.
At a Newseum event hosted by The Hill last week, I talked about the anticipated 5G ecosystem that will support the next level of manufacturing competitiveness and the importance of a smart regulatory framework that can keep pace with new technology.
The outlook remains positive for manufacturing. Regulatory certainty coupled with a competitive tax policy have created an environment that rewards innovation and reinvestment in both businesses and people. This was validated recently by the 2019 Bloomberg Innovation Index, which put the United States back in the top 10 of the world’s most innovative economies. NAM member AT&T is at the forefront of this ongoing 5G transformation. Its Plano, Texas Foundry offers customers a space to address key business challenges related to industrial digitization in an environment of innovation and co-creation.
Innovative technologies like IoT, AI and VR/AR along with advances in connected health care will help drive future growth and lead to new transformative possibilities that we are only starting to understand today. Manufacturers are leading us toward the future—and creating it.