Cost-Effectiveness Analysis of IoT Deployment in 5G Networks

Abstract

Background: Integration of the Internet of Things (IoT) with 5G networks is a technological advance that plays significant roles in different sectors. The integration of data management and the Internet of Things will bring in advanced features, but for which collaboration among other elements is mandatory. Objective: The study aims to address the technical and economic aspects of enabling IoT devices in 5G infrastructure. It attempts to enlighten stakeholders about the financial effects, thus making a satisfactory proportion between expenses and expected benefits. Methodology: The article explores, in detail how much we need to ask for, as an investment for making the infrastructure 5G ready and then follows with an analysis of the operational costs that would bite us if the IoT is to be deployed. It then pits those investments against the potential efficiencies from faster transaction times, lower latency, and a more stable network. An economic feasibility study is conducted by cost-benefit analysis to explore the potential of the 5G-IoT ecosystem business in different scales and application scenarios. Results: The results show that although high budgetary allocations were made in diverting 5G, eventual savings of huge amounts will be incurred in the integration of this facility. Those savings would come from better energy efficiency, reduced maintenance costs, and the capacity to support more IoT devices. Both the deployment scale, specialized application, and policy framework are identified as significant co-benefits in the cost-effectiveness ratios. Conclusion: The article provides an action item document for businesses thinking of incorporating IoT solutions into 5G networks and highlights their game-changing potential. The importance of strategic investment in this technology is highlighted, as well as the necessity to have a better understanding of the economic and operational ramifications involved in IoT-5G convergence when deciding.