1. Easier connection
Although the speed has increased by 100 times, this is not the only obvious way for 5g to improve the current agreement.
You can think of 5g as the next generation of Wi Fi. You’re used to using a central router at home or at work, which sends radio waves to any device nearby so that they can connect to the Internet using Wi Fi. Desktops, laptops, mobile phones, smart home devices, watches, bathroom scales, refrigerators and all our other Internet connected items currently use these routers to work.
Instead, 5g connectivity will allow each device to connect wirelessly, individually or directly to your Internet service provider. We also need to temporarily use routers, waiting for operators to further develop our 5g infrastructure, and the equipment produced by electronic companies can maintain connectivity with little power consumption.
2. New business model
According to Nokia, one of the expected results of the widespread adoption of 5g is that it is expected to launch new business models and new ways to provide services to wireless customers for all Internet of things devices (including business locations).
Nokia said that “Networking” will bring opportunities that 4G or earlier technologies cannot achieve. Network slicing involves using the same infrastructure for all customers. However, developers will create highly differentiated personalized QoS (quality of service) layers and function packages for different customer types.
In other words, 5g will eliminate the kind of package that provides enterprise customers with multiple types of devices to make them online.
Nokia predicts that network slicing can increase the operating profit margin of service providers by 5%. At present, up to 15% of Internet users will be interested in high-quality services. The speed and flexibility of 5g will realize this desire.
3. Help smart cities grow
Cities have always been the center of our socialization and economic and technological progress. The United Nations says 68% of the world’s population will live in urban areas by 2050.
The Brookings Institution says about 75% of America’s GDP comes from its 100 largest metropolitan areas.
Smart cities invest in our infrastructure, cities and efficient lives for all, and 5g will help to mature this concept. To create these cities, workers will:
1) Use sensors and big data to design towns from scratch to improve the efficiency of vehicles and people flow.
2) Wireless technology is used to help cars communicate with each other and citizen infrastructure.
3) Using 5g technology provides businesses and citizens with a variety of other ways to receive or distribute goods and information, or travel from one place to another.
By investing in this technology, cities around the world can begin to achieve greater economic competitiveness and inclusiveness. The implementation of 5g will promote the development of a smoother and more powerful network in the city, and will help to widely apply technologies such as autonomous vehicle.
4. Improving agricultural management
Big concepts such as the Internet of things and artificial intelligence seem to have developed into fully realized products in just a few years.
For example, Microsoft often plays commercials about the power of their AI in helping farmers predict and maximize crop yields and minimize the use of water, pesticides and fertilizers.
This is a crucial moment for such innovation. However, artificial intelligence is only a small part of it. The Internet of things is a mechanism that acts as an eye and ear when transmitting a large amount of useful data to environmental sensors and connected agricultural equipment.
Given that the world population will reach 9.6 billion by 2050, it is meaningful to invest in the Internet of things now. Then we can begin to gain an in-depth understanding of soil and environmental health and how to make the best use of our resources.
5. Improve the efficiency of resource management
For 5g, the focus on agriculture is only the beginning, and has made a great leap in connectivity and functionality. Companies that want to use the Internet of things for resource and facility management will find sensors more cost-effective than ever before. They can add these sensors to almost everything, from material handling and manufacturing equipment to vehicles transporting raw materials between facilities.
5g will be possible to fully connect our supply chain. Data will be able to flow freely between business partners and within the organization.
6. Connect underserved communities
Consumers and companies will benefit from 5g technology, and healthcare is a good example. Although a large proportion of the population lives in urban centres, remote communities and rural areas around the world often suffer from a lack of infrastructure and services, including medicines.
With the powerful function of 5g, telemedicine will become a more feasible tool in hospitals and private clinics. Health wearable devices have shown the efficacy of effectively helping various risk groups solve health problems and improve the prognosis of patients.
A smoother connection to 5g can bring more meaningful functions to patients and their doctors. For example, 5g can help important data (which may indicate future health problems) be transmitted more quickly.
Reliable high-speed wireless Internet with wider availability will also improve the quality of other telemedicine services, including patient care and patient doctor video conferencing.
Telemedicine has reduced the rate of unnecessary emergency room visits by nearly 7%, which is crucial for people living outside urban centers and those who are inconvenient to travel.
5g’s contribution will continue
5g will bring the Internet of things into the mainstream of consumption and Commerce in a variety of ways. Since then, we have begun to understand its full meaning and opportunities.