I envision 5G as speed, low latency and huge capacity. It sounds amazing, right? Imagine combining this futuristic cell technology with the savvy capabilities of IoT. Sounds even better.
5G
Numerous studies have attempted to predict and quantify the impact of 5G (Fifth Generation), and IoT (Internet of Things). Some studies focus on the benefits it will bring society, while others are concerned with the costs. Whatever the conclusions of these studies, it is clear that 5G will drive innovation across many industries and launch emerging technologies like IoT into indispensable parts of our lives.
Commercial availability of 5G is expected to occur sometime in 2020. Various industries are already developing global standards. Research shows that 5G subscriptions will reach 550 million by 2022. Asia Pacific will account for around 10% of all 5G subscriptions in 2022.
Cellular technology has evolved
- 1G – This was the first generation of mobile networks that primarily focused on voice.
- 2G – This was the second generation of mobile networks. It was primarily about voice and messaging.
- 3G – This is the third generation of the network that focuses on voice, data and text messaging
- 4G – This fourth generation includes all the features of 3G, but is faster
- 5G – This fifth generation is faster than 4G and allows you to download full-length HD movies in seconds
IoT
Our expectations have been exceeded by businesses in the area of connecting smartphones, tablets, and other devices. But, managing the lucrative connections of growing numbers smart cars, sensors on machines, and consumer electronics will require new business models.
While connectivity is the largest source of IoT revenue, it is not surprising that in the next five years, revenue will come from service enablement platforms like apps and services. Businesses that are skilled in managing service partners and distilling data from IoT platforms and converting it into smart data can generate additional revenue based more on the value than volume.
Let’s talk about IoT and the 5G in tandem, as well as how these technologies can impact businesses around the world.
The possibilities
Connectivity
5G is essential for the future IoT. There is an insatiable need for a faster network with greater capacity to support futuristic connectivity requirements. The 5G spectrum will expand the frequencies that allow data sharing and transfer. The large spectrum, as the name implies, makes it possible to connect more devices and access the network’s bandwidth.
AR/VR
Virtual Reality/Augmented Reality (VR/AR) will be enhanced by 5G and IoT. 5G’s ultra-low latency would enhance AR/VR experiences and open up new possibilities in education and business.
Connected Devices
We are seeing a lot more businesses focusing on the use cases for connected devices in everyday life as technology evolves every second. Remote crane operations and remote surgery will require ultra-low latency on the mobile network. 5G is the future.
AI, edge computing, and cloud computing all have the potential to help manage the IoT technology’s data volume. 5G also increases network capacity. The 5G core and non-public networks will allow for the creation of a global IoT network that can support a large number of connected devices.
SmartCity
Smart Cities are those that have a lot of state-of the-art ICT (Information and Communication Technologies), and they’re referred to as “Smart Cities”.
Smart cities aren’t dependent on one IoT technology. They include a variety of IoT technologies such as appropriate networks and mission-specific sensors, and efficient analytics in the cloud. This technology is largely enabled by wireless connectivity. Wireless connectivity is important for Smart Campus and Smart Building applications.
IoT can improve resource management in many areas related to city life and QoL (Quality of Life). This includes smart transportation (traffic control & vehicular automating), energy consumption and conservation and flow of goods. It also provides a platform for monitoring and sensing resources, monitoring pollution (for example, from factories, automobile traffic, incinerators, and crematoria), physical security and immersive services (including crowdsensing and wearables), and the greening of our environment and sustainability.
Healthcare
Healthcare will benefit greatly from 5G and IoT. As people can make faster decisions from multiple sources of information, they will be able to realize the true value. 5G will bring all of that together. 5G and IoT need each other to produce the results we will see in the next decade.
New Jobs
5G and IoT are expected to bring technological growth. They will also open the door to 22 million jobs around the world. This huge increase in jobs does not only affect the IT industry, but also the digitalization and modernization of manufacturing, agriculture, and transportation. Industries such as mines, construction sites and oil derricks, would see a huge increase in their productivity due to the speed of data transmission.
Nearly every industry is making use of IoT technology. This explains why there has been a surge in IoT-related companies worldwide. IoT is a data-driven technology that has many benefits. Our IoT experts are available for a free 30-minute consultation if you have an idea or need that IoT could disrupt. Our Internet of Things experts will meet with you to discuss your requirements, determine feasibility, estimate costs, and turn the idea into a reality.