5G enables new business model innovation across all industries. Network slicing will play a crucial role in enabling service providers to offer innovative services to enter new markets and expand their business already today.
What is network slicing?
Network slicing is the operators’ best answer on how to build and manage a network, that meets and exceeds the emerging requirements from a wide range of users. The way to achieve a sliced network is to transform it into a set of logical networks on top of a shared infrastructure. Each logical network is designed to serve a defined business purpose and comprises of all the required network resources, configured and connected end-to-end.
The network slice is a logically separated, self-contained, independent and secured part of the network, targeting different services with different requirements on speed, latency and reliability. Network slice characteristics are for example low latency, high bandwidth and ultra-reliability for a critical IoT use case or higher latency and lower bandwidth for a massive IoT use case.
To efficiently manage the network slices and to maximize revenues, a modern OSS and BSS providing automated business and operational processes is a must. With programmable and flexible 5G networks and advanced AI (Artificial Intelligence) and Service Level Agreement (SLA) driven orchestration, the required network functions can be flexibly created, quickly deployed and automatically managed throughout the life cycle.
A network slice can be dedicated to one enterprise customer, or shared by multiple tenants. For example, a slice may consist of dedicated radio, transport and core resources including a dedicated user plane function at the edge. Another slice shares radio & transport resources between tenants, but provides dedicated core network functions per tenant.
Benefits of network slicing
End-to-end network slicing enables new business model innovation and use cases across all verticals, and creates new revenue opportunities for communication service providers. It provides service flexibility and ability to deliver services faster with high security, isolation, and applicable characteristics to meet the contracted SLA. Network Slicing enables operators to maximize the return on investment via efficient usage and management of the network resources and provide differentiated services at scale.
Meeting top enterprise needs
As 5G brings new technologies and creates new business opportunities across all industries, enterprises are looking for innovative solutions to meet their needs and to address new opportunities. Enterprise users want automated business and operational processes starting from ordering the service, activation, delivery and de-commissioning of the service. They are expecting services to be delivered faster with high security.
With network slicing, communication service providers can meet all the needs from their enterprise customers.