5G is here and it’s ready to transform society as we know it. Our connectivity needs are rapidly increasing. By 2024, global data traffic is expected to grow 5 times bigger. Especially in urban areas, 4G networks will struggle to keep up with the demand. 5G is set to offer revolutionary speed with a lot of other advantages. Let’s take a closer look…
What is 5G?
5G is the fifth generation of cellular technology. It’s the next generation of mobile broadband that will eventually replace the 4G LTE connection. It will transform the way we live and work. 5G is designed to increase speed, improve the flexibility of wireless services, and reduce latency. The new technology promises lower latency, which can improve digital experiences such as video conferencing, self-driving cars, and online gaming.
How fast is 5G and why is it better?
5G is widely believed to be faster, smarter, and more efficient than the current 4G. It promises a faster home broadband network than the one currently available for consumers. Faster speed opens the door for new business possibilities across cellular networks. 4G often struggles during peak hours, but 5G will enable connection for a higher number of users simultaneously. It will even allow multiple users to stream live TV without buffering. 5G technology has a potential peak speed of 20 Gbps, while 4G only has 1 Gbps. It will provide a ten times bigger data transfer rate and significantly shorter response time. This means it has a higher capacity than other networks today and can connect tens of millions of devices to the network at the same time. Let’s check out some interesting statistics:
Impacts of 5G to the Telco industry
5G will bring significant transformation in the telco industry. Major tech players have already shown their trust in 5G and have invested 160 billion dollars according to GSMA, which will reshape business operations. It’s just a matter of time when the day-to-day interaction of humans and technology will be revolutionized. 5G will be able to support a higher flow of data than its predecessors. It will bring extensive quality-of-service (QoS) improvements in the form of higher speeds, improved network coverage, reduced latencies, and higher reliability, creating room for new systems and solutions which weren’t viable in the past. 5G will open up new opportunities for the telecom operators to support their customers to explore innovative ways of doing business. Telecom operators need to work closely with their clients from other industries to provide bespoke solutions. The bottom line; 5G will bring an unprecedented level of interconnectedness.
How can businesses leverage on 5G?
5G will enable faster access to information and thereby enhance business efficiency. Businesses can leverage on 5G to re-strategize operations by using machine learning and artificial intelligence (AI). It can provide faster communication between remote devices, which opens up new opportunities for commercial use such as remote-controlled machinery, robotics, drones, and even driverless cars. 5G will empower enterprises to control wireless connectivity by employing the features of network slicing and cloud computing so as to differentiate between various forms of traffic. Businesses leveraging on 5G can gain a competitive edge as the technology will also facilitate faster online transactions and more traffic to the website which could lead to growth in revenue.
How 5G will transform our lives?
Remote robotic surgery, self-driving cars, smart cities, and much more is to be delivered via the 5G, which will transform lives. New business models, products, and services will be born, with promises of high speed, connectivity, and capacity.
- Workplace: 5G will unlock new levels of productivity. It facilitates a new way for AI applications to automate many day-to-day duties by saving time for employees, which allows them to be more productive and focus on other tasks. Some might worry that automation will lead to high unemployment rates, but they underestimate the power of human creativity. If we use automation correctly, it will augment human labor and will allow employees to focus on higher-level tasks, while the day-to-day tasks can be automated.
- Healthcare: Imagine a world, where surgeons can operate patients through robotics while they are not in the room, or even on the same continent as their patients. 5G offers real-time speeds, which makes robotic surgery possible. People who are living in rural areas have limited access to quality health care, and 5G can allow doctors to work remotely and use artificial intelligence (AI) to diagnose a patient and provide a treatment plan. IX Health offers a range of innovative solutions for the healthcare industry to support its digital transformation initiatives.
- Self-driving cars: Driverless cars already think and see for themselves. With the new 5G technology, they will gain a new advanced skill: the ability to communicate with the cars around them, with roadside gears and traffic signals, which will improve safety and functionality, and curb accidents.
- Smart cities: Many cities are already using data, connected devices, and sensors to improve their services and offer residents a higher quality of life through automation and analytics. 5G will allow cities to collect data from millions of IoT devices and to install sensors that will last years. This will help to intelligently manage traffic, power usage, air quality, public safety, and much more.
- Farming: 5G technology will also help the farming industry with IoT devices monitoring livestock, which will ensure that they are healthy and nourished. Drones and sensors can monitor crop production and collect real-time data which can be used to study numerous factors such as humidity, temperatures, growth, and soil quality.
5G will revolutionize communication, the way we consume information, and work, but these changes will not happen overnight. Some companies are already implementing 5G technology, but it requires more time for 5G availability worldwide.
What do you think?
If you would like to discuss the future of 5G technology and network, or you have any questions to ask, don’t hesitate to and drop us an email. Share with us your thoughts and what you think 5G can do for the world.