InsurTech Magazine November 2022 | Page 49

DIGITAL TRANSFORMATION

While the debates about 5G and its environmental impacts rage on , technologists are preparing for an unprecedented age of connectivity .

Jim Bramblet , Accenture ’ s Managing Director Insurance Lead for North America , recently wrote : “ While we ’ re still several years away from realising the full capabilities of quantum computing , insurers need to take the future of quantum seriously for their present-day strategies . The cloud is the foundation for the successful application of quantum computing . Carriers need to strengthen cloud adoption and optimise the way they leverage the cloud to collect data in preparation for using quantum computing to get ahead .”
Bramblet is right . 5G is already having a transformative effect on the global economy as businesses can utilise lower latency , higher uploads and downloads , real-time data analytics and efficiency , all at the same time .
Indeed , Qualcomm , the multinational semiconductor and telecommunications firm based in the US , says the global 5G standard will enhance mobile services from “ a set of technologies connecting peopleto-people and people-to-information to a unified connectivity fabric connecting people to everything ”.
Despite the highly publicised rollouts of 5G globally , the revolution is still in its infancy . In comparison to 4G , 5G offers massive bandwidth and capacity , needing less power to transmit oceans of data . Peak download speed is estimated to be 1,000 times faster than 4G at 100GB per second .

“ Big cities hold the infrastructure to support better data connectivity . In more rural areas , the infrastructure may not be as robust ”

BORIS CIPOT SENIOR SECURITY ENGINEER , SYNOPSYS SOFTWARE INTEGRITY GROUP
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