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The upcoming 5G ecosystem is envisioned to build business-driven network slices to accommodate the different needs of divergent service types, applications, and services in support of vertical industries. In this article, we describe the network slicing concept by unveiling a novel network slicing architecture for integrated 5G communications. Further, we demonstrate its realization for the case of evolved LTE using state-of-the-art technologies. Finally, we elaborate on the LTE-specific requirements toward 5G, and point out existing challenges and open issues.