(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 16. The 5G network plays
a critical role in the industrial fields, Nokia's Vice President
for East Europe, Türkiye, and Central Asia Region Demetrio Russo
said during the "GSMA Mobile 360 Eurasia 2023" event in Baku,
trend reports.
"The industrial fields will make a profit of $4 trillion from
the use of the 5G network. Over 70 percent of the machines are not
connected to the Internet. We lack a lot of data to make production
smart and autonomous. Moreover, business expansion requires an
Internet connection, stable and high speed in order to efficiently
manage and analyze data," Russo said.
According to the vice president, Nokia is a leader in the field
of 5G.
Russo also noted that Nokia was the first to launch projects in
the field of 5G and is working on the universal connection of
applications to the Internet.
"In Azerbaijan and Central Asia, we are assisting in the
development of the industrial revolution," he added.
Nokia is a public limited company listed on the Helsinki Stock
Exchange and New York Stock Exchange. It is the world's
415th-largest company measured by 2016 revenues according to the
Fortune Global 500, having peaked at 85th place in 2009.
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