# The New Era of Business Digitization through the Implementation of 5G Technology in Romania
###### Abstract
The characteristics with substantial possibilities are: (i) diversity of customer services, which, across virtualization and automation, network separation, etc., can lead to an increase in the demand for mobile connectivity, but also to the involvedness of the tariff models; (ii) expansion of connectivity requests: produced by the development and application of IoT technologies, in combination with their aptitude to be linked to alternative networks (5G private networks, or Wi-Fi), determining the appearance and expansion of new charging models, as well as the development of the position on the cost chain; (iii) new downstream intercessors: 5G opens mediation chances in the facility of services, for example connectivity collectors for certain products, multinational industrial sectors; (iv) compression of networks and intermediaries upstream: this might determine new chances for mediation, upstream of traditional communication network providers, i.e., companies specialized in the acquisition, installation or operation of sites in well-defined areas, hot spots with very high density, which provide wholesale connectivity services to providers of nationally covered mobile networks; and (v) fixed-mobile convergence-public safety services and disaster intervention [61]. The digitization at the level of an economic entity concerns its key processes: distribution, sales, financial, production, communication, etc. At the same time, digitization also involves the transfer of administrative or promotional and marketing practices in the digital environment (electronic invoicing, electronic signature, electronic archiving, cloud storage, Facebook page, company website, etc.). Digitalization also involves the use of digital services in key processes, such as: Enterprise Resource Planning (ERP) for integrated management of all processes and operations within an entity within a single information platform; Customer Relationship Management (CRM) for efficiently managing the demand and supply of goods and services in order to improve the customer relationship; Advanced Planning & Scheduling (ARP) for production planning; and Business Intelligence (BI), etc. [67; 68]. Thus, to date, industrial digitization has focused on improving operational efficiency, facilitating quality control, and reducing costs, and the use of sensors, integrated software and communications technology, etc., in manufacturing have determined that physical products become smarter. The evolution of 5G technology proposes the development of (new) smart data-based services, and value creation is based on new customer-centric experiences that come from the combination of smart products and smart services [69; 70; 71; 72]. The potential contributions of 5G technology to key economic sectors is reflected in Table 2.  
5G involves supplementary investment and budgets to build the physical infrastructure of the networks; thus, at the European Union rank, 5G is projected to require 56-58 billion euros of financing by the year 2025. Radio frequencies directly influence the prices of 5G application, through the price spectrum as well as the funds required to \"accommodate\" facilities at various frequencies, bringing into account transmission types [42; 43; 44; 5; 5; 45; 46; 47; 48; 42; 41; 40; 43; 44].