Whatever your current industry, 5G and IoT will impact your business at some point in the near future, so it’s worth delving into these two technological game-changers now. 5G will influence a number of facets of everyday life, including IoT – and here’s how.
How 5G plays an important role in the Internet of Things (IoT)
The 5th generation (5G) of mobile networks will allow for the significant growth of data being created as well as the interconnectivity of devices. Initially, 5G will operate with the existing 4G networks until the are able to operate as standalone systems.
The internet of things (IoT) is effectively machine-to-machine communications whereby devices will be completely interconnected without the need for human intervention. IoT brings the power of the internet, data processing and analytics into the physical world through technological devices, enhancing the home and business world.
Impact of 5G on IoT
These two advancements in internet and technology will work together to drastically improve various sectors of community in a number of ways. Here’s a look at some of the drastic changes we can expect to see.
1. Transfer speeds
IoT relies on quick communication with other IoT devices, such as smartphones and tablets via apps and websites. 5G will drastically increase data transfer speeds, up to 10 times faster than 4G LTE networks operating today, thereby allowing for the quickest data transfer in human history.
2. Data insights
Working together, 5G and IoT will provide an incredible wealth of data which will empower industries with effective Business Intelligence solutions. Businesses will then be able to make key decisions based on informative data, thereby driving innovation and saving costs for long-term growth.
3. Enhanced network reliability
The introduction of 5G networks will also enhance network reliability by creating more stable connections between devices. This is particularly significant for devices such as monitoring systems (like security cameras), and locks that require real-time updates.
4. Technological developments
The symbiotic relationship of 5G and IoT will prove incredibly useful for emerging technologies such as virtual reality (VR) and augmented reality (AR), making them much more accessible. In a world rocked by the Covid-19 pandemic, society will undoubtedly welcome the ability to ‘travel’ overseas and ‘attend’ a sports match, all from the comfort and safety of home.
Read More: How 5G will shape business in the future
Industries that will benefit from 5G and IoT
In addition to the benefits of home use, 5G and IoT will bring innovation to a number of new sectors. A few of these sectors include:
- Automobiles – The ability to run self-driving cars relies on real-time transmission of information, and the assimilation of massive data. The high speeds and low latency of 5G will make such an IoT reality more achievable.
- Retail – Customer engagement will be enhanced by AR and VR which is made even more possible through 5G.
- Healthcare – 5G will continue to bring IoT into the medical sphere, particularly beneficial to rural and far-flung areas. In an era of a world-changing pandemic, remote healthcare operations will be welcomed by communities.
- Logistics – 5G will allow for the gathering of real-time data at all points within a supply chain. This will empower consumers with knowledge about the origins and journey of every item purchased.
- Smart cities – 5G will expand the reach of IoT from smart homes through to smart cities.
Read More: 8 Industries that benefit from 5G
We are just at the start of the 5G revolution, and the potential within IoT constantly being revealed and leveraged. Businesses looking to get ahead of the competition should consider 5G as preferred network to enhance all business operations.
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