Julian Rae, TMT Partner at Deloitte in Cambridge, comments: “The commitment to invest £16m in a 5G hub will be welcome news for the telecommunications industry and will help provide the building blocks for the UK to be 5G ready.
Spring Budget 2017: Chancellor gives high five to UK 5G
“In the near-term 5G will support narrow-band IOT, a technology that can communicate with buried monitors for up to 10 years. This enables utilities to monitor flow in pipes, reducing the chance of burst water mains, potentially saving the economy millions per year in delays and repairs. 5G will also support fixed wireless access, providing a broadband connection to the house over the air. This will allow us to push out 100mbps broadband to those not served by current technology, and create a more competitive environment. It may even allow us to get rid of overhead phone wires.
“5G technology will cost billions of pounds to develop, and will create tens of billions of pounds for the UK economy. A small investment now can go a long way to positioning the UK at the very centre of global 5G investment.
“With each wave of technology, new and immediately essential services for productivity and entertainment are created. 5G is an amazing technology that will put the UK at the front of the race to the digital future.”
The Deloitte Cambridge office comprises 8 Partners and over 250 staff who deliver a full range of professional services to the East Anglian region. As well as focussing on the life sciences and technology sectors for which the region has become so renowned, the office has long standing specialisms in other sectors including the professions, consumer business, food and agribusiness.