5G & IoT – Three Ways it Transforms Business Opportunities

The combination of 5G connectivity and the prevalent IoT adoption is defining the newest frontier in digital transformation. Upgraded standards in high speed cellular connectivity, low-latency and secure data transformation have captured the attention of business executives, policy makers and consumers alike. Business organizations have embraced digital-first remote-working business operations, where productivity is inherently dependent on the user experience of connected devices.

5g concept of internet connection technologyThe Covid-19 pandemic has also pushed the demand for high speed Internet into overdrive. High-speed connectivity has emerged as a necessity and the promise of fifth-generation is delivering for business use cases that rely on the growing network of IoT technologies and data streaming. Progressive organizations that have embraced the combination of 5G connectivity and IoT technologies generating massive data sets in real-time, at higher velocity and across a growing network of nodes. The result are digital initiatives that promise intelligent, data-driven transformation, new operational workflows and unprecedented new business model innovations.

How are 5G and IoT advancement setting the stage for the next wave of digital transformation?

Here’s what the 10-100x faster data transfer speed and 1ms latency improvements mean from a business and technology perspective:

● Immersive User Experiences: Immersive AR/VR experiences will be a reality for front-line field workers in the traditional industries of manufacturing, healthcare and utilities. These technologies rely on real-time streaming of vast volumes of digital information across geographically disparate locations. Traditional 4G networks lack the bandwidth capacity, data transmission rates and fail to match the low latency requirements of most AR/VR applications.

● Scaling Data-Driven Intelligence: Traditional organizations will scale operations on a global scale as a global consumer market is accessible digitally. Business operations will be data-driven with AI-insights obtained in real-time. The market landscape and user requirements tend to change dynamically and are not always predictable. The same concept extends to the technology infrastructure that powers IT-enabled services to such a global audience. Sensors connected across the infrastructure produce vast volumes of data logs on network performance. This information is critical to proactively identify anomalous network activities such as a cyber-attack or data breach. Timely processing of this information depends on gigabit speed transfer rates of data generated by a large distributed network of connected devices.

● Environmental Sustainability: Enhanced network access of Information and services will reduce travel burden, improve energy efficiency and contribute to sustainability goals. 5G and IoT connectivity has made it possible to deploy smart technologies that not only help generate business revenues but focus specifically on improving environmental sustainability. For instance, distributed sensors monitoring air quality around the city control traffic signals and help route the traffic away from regions with high air pollution built-up. Additionally, more employees being able to work for home can reduce the need to travel and contribute to the air pollution in the first place.

According to a recent Gartner research, 5G technologies are expected to reach 21.3% of the total wireless infrastructure. Both the Internet consumers and business organizations will emerge as the power users of 5G and IoT technologies, unlocking the true economic value in the realms of a digitally transformed business landscape. Charles is a leading expert in the 5G & IoT industry, reach out to find your next “A Player” today.

Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on facebook
Facebook
Charles Moore

Charles Moore

DX / CX / CDP IoT & 5G Wireless
How to Evaluate an Executive Search Firm
Receive the latest news

Subscribe To Our Newsletter

Get notified about new articles, videos, seminars and all the breaking industry news as it happens