How The 5G Network Will Benefit Business
Posted by Casey O'Loughlin on April 20, 2018 5:53 am
Critical to businesses moving forward, the 5G network holds the power to be totally reactive, make greater use of resources, and capitalize on big data. As wireless networks transition from 4G to 5G, businesses will reap the benefits. Fixed Wireless Access (FWA), big data, and the Internet of Things (IoT) all play a role in the 5G network revolution. Businesses can also expect better use of time, cost, and resources for employees, benefiting day-to-day operations. Let’s take a look at 5G’s must-know business applications.
What Is The 5G Network?
5G is the next generation of wireless capability. Each generation of wireless technology improves the way we connect. Networks are using smaller cell hubs in greater numbers, expanding capacity, and shrinking the time it takes to download, upload, or stream over wireless connections. Building upon the capabilities of 4G networks like LTE, the 5G network boasts faster speeds and more reliability.
FWA, For The Win
What does the next generation of wireless technology mean for business? Expect larger network capacity and lower latency. 5G will help FWA rival its more traditional counterparts by delivering internet connectivity in faster, more reliable ways. Rather than mobile connectivity, FWA can deliver 1Gbps using 5G and experience as little as a 1ms latency, a feat that 3G and 4G could not reach.
Big Data’s Big Solution
Sorting through explosive caches of information by applying 5G to big data will be a game-changer for businesses looking to make smarter decisions. Thanks to 5G’s warp speeds, big data can be processed faster and can be applied to solving complex business problems. According to the International Data Corporation (IDC), 44 zettabytes is the estimated digital footprint by 2020, requiring 5G to process those massive data quantities into meaningful business solutions.
IoT’s Automated Improvement
Connectivity with IoT is helping businesses rely more heavily on automation processes, from supermarket self-scanners to manufacturing robots making algorithmic decisions for Amazon. The next wave of IoT developments requires the data processing power of 5G. The nitty-gritty reason for this is that pioneer bands, or low frequencies used by 5G, allow a low bandwidth to cover extensive areas. In turn, smart devices used by businesses for customer engagement are less latent and can be used more effectively.
How Do Employees Benefit?
Faster connectivity means smoother business operations for your company. Employees can expect 5G to improve internal and external communications, giving way to more flexibility and time efficiency. Employees can also expect fewer constraints to physical office locations, opening the door to flex-hours, remote working, and a better work-life balance.
Summing It All Up
Operations, the well-being of employees, and customer engagement all reap the benefits sowed by 5G for business. With improved applications for FWA, big data, and IoT, this new generation of wireless capabilities will help you tackle the toughest of business problems. The call-to-action is simple: get ready for 5G.