The industry is buzzing about what exactly 5G and its fast speeds will bring to modern technology. Silicon Republic is the latest insider to take a closer look, and the news source narrowed its thoughts down to several key areas.
With speeds predicted up to 100 times faster than 4G, 5G promises to change services in the transportation, healthcare, energy, media and entertainment industries, just to name a few. Silicon Republic said that “structurally everything will change, with even the towers transmitting 5G a world apart from what came before.” 5G cell base stations will be between 50 meters to 500 meters apart to help with low latency speeds, the site predicts. For U.S. readers, 50 meters is just over 54 yards and 500 meters is close to 547 yards.
451 Research also said that 5G implementation “will be patchy” with uncertainty regarding shareholder returns. The research firm said that the “conflict could lead to the creation of private-public partnerships to raise financing.” 451 Analyst Ken Rehbehn said that the industry, especially IT experts, need to also concern themselves with IoT when it comes to 5G, “Whether it is real-time analytics, data center design, location-based web services, or social networks and digital currencies, 5G will affect demand patterns as early as 2018.”
An Ericsson report surveyed 650 C-level technologists and showed that they are planning on making changes, predicting that 5G will “accelerate this transformation [of IoT] and create new uses, new revenue streams, and new business models for industries and consumers alike.” Eight key themes emerged from Ericsson’s report in terms of 5G, as noted by Silicon Republic:
- Increased automotive performance. Security and device-to-device communications will be given value, thanks to 5G, with self-driving cars and enhanced GPS capabilities.
- Utilities will thrive with remote monitoring and maintenance via sensors, which can be a major plus in hazardous areas.
- Emergency situations and public safety are also said to be major investments for connected devices and network slicing.
- High-tech manufacturers are looking to be more productive, with improved, faster customer experiences and new products and services.
- Online stores, social networks, digital organization and collaboration with be faced with more cutting-edge technology that we’ve ever seen.
- A heightened quality of life in the healthcare arena with increased security.
- 5G is said to “boost real-time mobile trading and high-frequency trading” in the financial services industry.
- Gamers will benefit from ultra HD, virtual reality and 360-degree mobile content.
October 12, 2016
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