While 5G technology is still in the early stages of adoption, it is poised to have a major impact on how businesses operate over the next few years. With the ability to deliver higher data speeds, greater reliability and lower latency communications, 5G technology can revolutionize the way businesses collect and analyze data, and how they leverage AI and IoT (internet of things) to improve their operations and maximize their productivity.
In order to stay on top of one of the biggest technology advances of the next few years, it’s important to understand how 5G can impact your business. Let’s take a look at some of the ways in which it can potentially elevate your success.
The fifth generation of cellular wireless technology, more commonly referred to as 5G, is rapidly becoming the new standard for mobile communications. It uses higher frequency waves with shorter wavelengths than previous generations, enabling it to more effectively use the radio spectrum to allow numerous devices to be connected simultaneously.
In fact, 5G has the ability to handle thousands of devices at once. This enables a single network to handle a large number of mobile phones, equipment sensors and other forms of hardware while maintaining high speeds. As a result, better performance is possible than with previous networks, even with a larger number of users per cell.
There are certain infrastructure limitations which have impacted the rollout of 5G on a global level. Cell towers need to be closer in proximity to ensure the cellular signal remains strong. In addition, the major cellular providers must install a much larger number of transmitters and receivers near homes to ensure the technology is accessible to all.
These infrastructure upgrades represent a significant financial investment, which is why many countries have been slow to roll out 5G on a wide scale level. Currently, China and the United States have a combined 652 cities with 5G capabilities. After that, there is a huge drop off in 5G availability – the Philippines is the next largest 5G adopter with only 98 cities offering these capabilities. However, as more countries ramp up their 5G capabilities over the next few years, this technology will become a true game changer for how businesses around the world operate.
5G offers several significant performance improvements compared with previous iterations of cellular technology:
There are a variety of ways businesses can leverage 5G technology to improve the way they operate. Some of the most powerful uses of 5G include:
There is more data available to businesses than ever before. This massive volume of data requires increasingly faster processing speeds in order to access this information in real time. 5G technology allows for faster data collection, processing and analysis in several ways:
In addition, 5G enhances edge computing capabilities, which allow data to be processed in the same location it’s generated instead of sending it to a central cloud for processing. This essentially gives you a mini data center on your device. As a result, 5G will unlock new possibilities for data collection and analysis, allowing your business to leverage these capabilities to improve performance in many aspects of your operations.
Recent advances in AI technology are changing the ways businesses operate, allowing you to automate more processes and improve the efficiency of your team. 5G technology has the ability to elevate AI capabilities, both improving the ways it’s currently being used and creating new ways to leverage AI with your business. The vastly increased speeds provided by 5G will give businesses increased opportunities for innovation with AI automation.
Some of the ways 5G technology will enhance AI automation and innovation include:
This list is by no means exhaustive. The possibilities for 5G to enhance the way AI can improve your business exist in just about every industry.
The internet of things (IoT) refers to a network of connected devices that are embedded with software, sensors and other technologies that enable them to exchange data with other devices and systems over the internet. IoT devices allow businesses in a wide range of industries to operate more efficiently, improve decision making and provide enhanced services to customers.
5G technology can maximize the potential of IoT use cases that require continuous high-speed communication or that rely on rapid data analysis and decision making. This is due to the fact that the ultra-low latency speeds associated with 5G will allow IoT devices to communicate with each other much faster and significantly increase data transfer speeds.
Over the past few years, an increasing number of businesses have embraced remote working models due to the many benefits they provide. However, remote work capabilities are contingent on workers having access to high-speed internet. While the overwhelming majority of urban and suburban areas have sufficient internet capabilities to support remote work, many rural regions have been lagging in this area.
As 5G cellular technology gets implemented across the country, a growing number of rural areas will begin having access to the high-speed internet capabilities necessary to accommodate remote work. This will provide businesses utilizing remote work models with access to an even larger talent pool, allowing them to cast an even wider net when seeking the best professionals to elevate the success of their team.
We’re just starting to see the impact of 5G on the way businesses operate, and the potential usage applications are virtually limitless across a wide range of industries. Businesses that begin leveraging the benefits of 5G technology in their earliest stages of implementation will have a tremendous competitive advantage over the next few years. For this reason, it’s critical that you begin preparing your business for 5G now.
Prepping your business for 5G involves the following steps:
Whether you begin using 5G now or in several years, this technology will soon be impacting your industry. The sooner you can embrace these capabilities and the more effectively you can envision the ways it can benefit your business, the better positioned you’ll be for success in the coming years.
Webolutions has been Denver's leading digital marketing agency since 1994. Our team can help you craft and implement a strategy to grow your business smarter, faster and easier. Schedule a complimentary consultation and take the first step towards greater business success.LET'S GO
71% of marketers say using strategic keywords was their number one strategy for SEO.