5G is a revolutionary technology utilizing untapped radio frequencies to provide a previously unfathomable level of connectivity causing the single biggest jump in processing speed since the advent of computers. Experts in multiple fields are predicting that it will lead to a paradigm shift that will have some sort of impact on almost every single industry. With its increased speeds, it is also expected to accelerate the development of revolutionary technologies such as the Internet of things, mixed reality, and autonomous vehicles that are currently handicapped by bandwidth capabilities.
Here are some of the businesses that will greatly benefit from 5G technology, improving the daily life of people around the world:
Mixed Reality
The biggest challenge with Mixed Reality applications such as Virtual Reality and Augmented Reality so far has been the large amounts of data generated. With 5G, we can expect increased deployment of mixed reality to create digital workspaces for meetings, presentations, and training protocols along with the development of a host of consumer products.
Smarter Homes, Factories, and Cities
The advancements in the Internet of Things has allowed for increased optimization of resources and workflows. While these have long had an application in homes, factories, and cities, a major barrier to development has been the tremendous amounts of data generated. With 5G, we can now expect IoT to permeate our homes, businesses, and cities alike, reducing overall costs and increasing efficiency.
Increased Connectivity
With experts projecting that 5G technology will be responsible for providing connectivity to over 90% of the world’s population by 2027, it is going to be crucial for the expansion and functioning of digital services across the globe. This will lead to tremendous benefits when it comes to consumers and businesses in the form of developments in payment systems, health and business services, and education to name a few.
Autonomous Vehicles
Autonomous vehicles have been under development for some time now. However, the biggest challenge has been in the transmission and computation of the large amounts of data from all the sensors involved. However, the increased speeds available with 5G allows for reaction times that are faster than human reflexes. This means that massive deployments of autonomous vehicles may soon be a reality. With it, we can also expect substantial improvements in the supply chains of multiple industries with reduced delivery times and lower labor requirements.
