se IT, to customer premises and devices, through the connectivity layer. In 4G, virtualization was possible in the core of the mobile platform. Network slicing in 5G extends this capability to the radio access part of the network. With network slicing, it is easy to cater to applications that have low-latency and high-bandwidth needs, such as Augmented Reality (AR), for optimal user experience. On the other hand, a network slice for a low-power sensor network can be created for IoT asset-tracking purposes. Figure 13.2 provides a simplified view of the concept of network slicing in 5G. On one hand, we have public and shared capabilities from previous generations, which come with lower costs and higher flexibility. On the other hand are the private and isolated networks, often adopted by large enterprises, such as for port operations with poor coverage of a public network. Network Public and Slice Private and Shared Public and Isolated Isolated Convenience and Flexibility and Performance and Coverage of Public Speed Security of Private Network via Slicing Network Figure 13.2 - A simplified concept of network slicing Network slicing helps to bridge the gap between the two extremes, as shown in Figure 13.2, by providing the following: Convenience and coverage Use case-based speed and flexibility QoS and security In 2021, Deloitte conducted a global study that surveyed over 400 executives about 5G. The study indicated that 76% of those surveyed believed that over the next 3 years, 5G would be essential for their business. The low-latency and near-fiber speeds unleashed by 5G would be the key enablers for business outcomes. Understanding network slicing As enterprises are exploring their paths to profitability, they are looking to adopt 5G to drive new channels of productivity and revenue, in the following ways: Building their own 5G private wireless networks to address their specific needs for bandwidth, latency, and Service-Level Agreements (SLAs) with their users Evaluating the network slicing provided by their Comm