5G business opportunities: Better connectivity all around

5G will revolutionsie the way even the most traditional of businesses go about their day-to-day operations. Here's how it could benefit you...

5G is a huge topic around the world today.

Promising to usher in the next-generation of connectivity, 5G has the potential to change a great deal about the way that we live and work. By the end of 2025, it’s expected that 5G will account for 15% of the global mobile industry. Already, launches are accelerating around the world.

The question is, what can 5G do for the modern business?

Right now, we’re still at the very beginning of the 5G era, which means that countless companies don’t understand what this new technology can deliver. After all, better speed and connectivity is great – but how exactly will 5G benefit the bottom line?

Let’s take a look at some of the most significant 5G business opportunities.

5G for business: What is it?

Usually, when people talk about 5G, the first thing that comes to mind is speed.

Companies like Samsung have referred to the technology as “wireless fibre,” promising that the world will benefit from super-fast and low latency internet wherever they go. But what does that mean?

Latency is the term in the technology environment used to refer to how long it takes for data to get from one location to another. The less lag we have in a business, the better devices can communicate. That means that it would take virtually no time to send a file from your smartphone to your computer, for instance, using 5G. In fact, according to the Consumer Technology Association, you could download a two-hour movie on your phone in about 3.6 seconds.

So, what does that mean for modern businesses?

1.     New opportunities for IoT

One particularly exciting area where we’ll begin to see 5G benefits in the years to come is in the Internet of Things. The Internet of Things or IoT allows things or devices to connect, improving the way that we share and collect information. For instance, a sensor in your store could link to your analytics system online and tell you how people move around your shop floor.

According to Ericsson, there should be about 18 billion connected devices in the world by 2022, and 5G will allow those items to communicate almost in real-time. With 5G connectivity, there will be virtually no delay in a sensor detecting, for instance, that a storm is coming in a city, and a computer receiving that information at the other end of the country.

2.     Better communication

5G business opportunities can also come in the form of better communication between remote workers and mobile employees in the modern environment. Businesses will be able to stream high-resolution video conferences with remote workers, regardless of where they are, without having to worry about low latency.

This could pave the way for much more effective working strategies for businesses that want to evolve beyond the standard in-office workforce. There’ll be no need to travel considerable distances to connect with customers anymore either. 5G will ensure that you can have face-to-face conversations using high-quality video streams instead. The presence of 5G could even make it easier to send mixed-reality content so that we can communicate through VR or AR too.

3.     Getting things done quicker

All businesses want better productivity in their workplace. If you operate a company that relies on network-focused tasks, like sharing files over the cloud or collaborating on documents, then access to faster connection speeds will make it easier to get things done without any lag. Your team members, no matter where they are, will be able to carry out crucial tasks at faster speeds.

Not only does this lead to a more efficient business, but it also ensures that your team members can be more productive and start using their time more effectively too. Cloud computing is already a crucial component of many IT infrastructures. The presence of 5G could make the cloud even more appealing.

Leading the way for innovation

5G promises the world a new level of connectivity, ready to bring people, processes, and things together in environments all around the globe. Used correctly, 5G for business could genuinely transform the way that we work, making life at work more intuitive.

What’s more, the high-speed connectivity of 5G even means that innovators can experiment with new opportunities too. Already, manufacturers have begun to look into things like holographic projections and virtual reality technology that would allow users to experience more dynamic workplace interactions. 5G is the first step to the futuristic world we used to read about in sci-fi novels.

5G is a huge topic around the world today.

Promising to usher in the next-generation of connectivity, 5G has the potential to change a great deal about the way that we live and work. By the end of 2025, it’s expected that 5G will account for 15% of the global mobile industry. Already, launches are accelerating around the world.

The question is, what can 5G do for the modern business?

Right now, we’re still at the very beginning of the 5G era, which means that countless companies don’t understand what this new technology can deliver. After all, better speed and connectivity is great – but how exactly will 5G benefit the bottom line?

Let’s take a look at some of the most significant 5G business opportunities.

5G for business: What is it?

Usually, when people talk about 5G, the first thing that comes to mind is speed.

Companies like Samsung have referred to the technology as “wireless fibre,” promising that the world will benefit from super-fast and low latency internet wherever they go. But what does that mean?

Latency is the term in the technology environment used to refer to how long it takes for data to get from one location to another. The less lag we have in a business, the better devices can communicate. That means that it would take virtually no time to send a file from your smartphone to your computer, for instance, using 5G. In fact, according to the Consumer Technology Association, you could download a two-hour movie on your phone in about 3.6 seconds.

So, what does that mean for modern businesses?

1.     New opportunities for IoT

One particularly exciting area where we’ll begin to see 5G benefits in the years to come is in the Internet of Things. The Internet of Things or IoT allows things or devices to connect, improving the way that we share and collect information. For instance, a sensor in your store could link to your analytics system online and tell you how people move around your shop floor.

According to Ericsson, there should be about 18 billion connected devices in the world by 2022, and 5G will allow those items to communicate almost in real-time. With 5G connectivity, there will be virtually no delay in a sensor detecting, for instance, that a storm is coming in a city, and a computer receiving that information at the other end of the country.

2.     Better communication

5G business opportunities can also come in the form of better communication between remote workers and mobile employees in the modern environment. Businesses will be able to stream high-resolution video conferences with remote workers, regardless of where they are, without having to worry about low latency.

This could pave the way for much more effective working strategies for businesses that want to evolve beyond the standard in-office workforce. There’ll be no need to travel considerable distances to connect with customers anymore either. 5G will ensure that you can have face-to-face conversations using high-quality video streams instead. The presence of 5G could even make it easier to send mixed-reality content so that we can communicate through VR or AR too.

3.     Getting things done quicker

All businesses want better productivity in their workplace. If you operate a company that relies on network-focused tasks, like sharing files over the cloud or collaborating on documents, then access to faster connection speeds will make it easier to get things done without any lag. Your team members, no matter where they are, will be able to carry out crucial tasks at faster speeds.

Not only does this lead to a more efficient business, but it also ensures that your team members can be more productive and start using their time more effectively too. Cloud computing is already a crucial component of many IT infrastructures. The presence of 5G could make the cloud even more appealing.

Leading the way for innovation

5G promises the world a new level of connectivity, ready to bring people, processes, and things together in environments all around the globe. Used correctly, 5G for business could genuinely transform the way that we work, making life at work more intuitive.

What’s more, the high-speed connectivity of 5G even means that innovators can experiment with new opportunities too. Already, manufacturers have begun to look into things like holographic projections and virtual reality technology that would allow users to experience more dynamic workplace interactions. 5G is the first step to the futuristic world we used to read about in sci-fi novels.