The New Era of Business Digitization through the Implementation of 5G Technology in Romania

Constantin Aurelian Ionescu, Melinda Timea Fülöp, Dan Ioan Topor, Sorinel Căpușneanu, Teodora Odett Breaz, Sorina Geanina Stănescu and Mihaela Denisa Coman
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Constantin Aurelian Ionescu: Faculty of Economics, Hyperion University Bucharest, 030615 Bucharest, Romania
Melinda Timea Fülöp: Faculty of Economics and Business Administration, Babeş-Bolyai University, 400591 Cluj-Napoca, Romania
Dan Ioan Topor: Faculty of Economic Science, 1 Decembrie 1918 University, 510009 Alba Iulia, Romania
Sorinel Căpușneanu: Faculty of Economic Science, 1 Decembrie 1918 University, 510009 Alba Iulia, Romania
Teodora Odett Breaz: Faculty of Economic Science, 1 Decembrie 1918 University, 510009 Alba Iulia, Romania
Sorina Geanina Stănescu: Academy of Romanian Scientists, 050094 Bucharest, Romania
Mihaela Denisa Coman: Institut of Multidisciplinary Research for Science and Tehnology, Valahia University of Targoviște, 130004 Targoviste, Romania
Authors registered in the RePEc Author Service: Sorinel Capusneanu

Sustainability, 2021, vol. 13, issue 23, 1-23

Abstract: The main objective of the present research is to identify the advantages and benefits that the use and implementation of 5G technology has on the development and evolution of the Romanian business environment. The study is based on a theoretical documentation regarding existing information in the field and a descriptive analysis of the evolution of the technology in Romania and worldwide. The research method chosen is a survey based on an opinion poll (questionnaire) to find out the availability of economic entities regarding the implementation of 5G technologies, the foreseen expectations and those realized by the business environment regarding the effects of 5G technologies on the economic activities and the benefits that 5G networks offer them. The analysis of the results of the questionnaire, through the correlations and contingency tables determined, allowed the validation of the research hypotheses, and the results show availability and interest for the implementation of 5G technology (over 69% agree with the 5G implementation over a period of up to 5 years), conditioned by the costs, the high degree of cyber security, and the competitive advantages it can generate. Competition, low productivity, and even external pressures are the main decisive factors in the implementation of 5G. Thus, it can be considered useful to extend the research by identifying possible viable solutions or alternatives, customized for the implementation of 5G technologies for economic entities from different sectors, as well as the analysis of the implementation costs and the potential economic benefits.

Keywords: 5G; Industry 4.0; artificial intelligence; machine learning; virtual reality; big data analytics; internet of things (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2021:i:23:p:13401-:d:694393

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