5G will power the fourth industrial revolution
5G will power the fourth industrial revolution. So it is said by experts all over the globe. The fifth-generation mobile technology promises in this fourth industrial revolution to connect greater numbers of devices with a high-speed, low-latency network that enables data transmission in real time. As a result it could pave the way for more sophisticated, productive ways of working.
5G has the potential to significantly bolster economic growth. Over the next ten years, it could add as much as 300 billion Euro to the BeNeLux and DACH economy and lead to the creation of new jobs and business opportunities, according to a report by Vodafone. Research by Barclays suggests 5G could supercharge GDP by up to 27,5 billion Euro a year by 2025.
Unlike 4G, 5G has been designed for enterprise applications. While 4G radically changed the consumer space by leading to the development of social networking sites such as TikTok, Airbnb and Uber, 5G could revolutionise enterprise and the business-to-business side, according to global tech market advisory firm, ABI Research.
5G allows near real-time connectivity. Its lower latency and reliability permit faster transmission of massive data streams, even in extreme conditions, and will support a plethora of sensors, wearables and devices.
As 5G rolls out, artificial intelligence (AI) will be smarter, communicating between devices, hastening digital transformation. Instead of AI living in the cloud (think, slow), AI will become distributed, living on the edge or on IoT devices themselves (think, fast).
In the healthcare industry, for example, 5G will support a tremendous expansion of preventative and monitoring practices via connected devices, whether wearable or not. Faster speed and network reliability will allow more complex devices, including implanted devices, to provide real-time data streaming to support remote diagnoses, robotic surgery and telehealth.
Similarly, manufacturing is poised for reinvention via AI and IoT tools to increase efficiency, collect data and predict outcomes. Augmented reality tools will allow technicians to remotely maintain and repair smart factories. Additional applications include continuous monitoring of equipment performance, robotic and autonomous production and predictive analytics.
In the self-driving vehicle space, manufacturers are racing to develop the first commercially viable autonomous vehicle. 5G and edge computing are requisites for scanning the environment surrounding a vehicle and making safe decisions based on that information in real time.
Additional applications of 5G in retail, energy, entertainment, agriculture, financial services and supply chain management abound. The possibilities brought about by a 5G-enabled world will herald the Fourth Industrial Revolution and nurture the Internet of Everything (IoE).
While the markets fizzled through the potential pandemic in the last month’s of 2020 and first half year of 2021. Pending reopening the market should engender a reinvigoration. This should drive a whole new wave of investment in businesses powered by 5G. Venture capitalists are scouring the planet for new business models that support the rollout of 5G networks. This put’s CellQube at the positive perspective of the 5G playing field.
For 5G to become an effective servant, significant investments must be made soon, and until 5G is ubiquitous, legal bindings on network sharing and infrastructure use. 5G’s global deployment will not be immediate or streamlined. 5G networks require increased spectrum and greater use of small cells, and will create greater dependence on fiber networks. Legal challenges are likely to arise in the face of network-sharing and infrastructure requirements.
Building the infrastructure for 5G will take time. Though 5G has been touted as the future of technology for years, only recently has real progress been made in creating 5G-enabled cities. Because mmWave 5G frequencies travel far shorter distances than current wireless technologies, more cell towers are required. Where, in our cities, will those towers reside or will they use CellQube as a solution?
Only when 5G has been fully integrated will we reap the benefits of smart homes, artificial intelligence, virtual reality devices, drones and autonomous vehicles. While the gargantuan potential of 5G has the ability to fundamentally change the way we interact with each other and the world, we have to adapt to these rapid changes. SEVOCOMM and her partners are ready to guide and support you in your 5G network roll-out.