Recently, the US capital group, which manages $1.87 trillion in assets, issued a report saying that if measured only by the gorgeous degree of the name “5g”, it will not make waves in people’s hearts. It lacks the future appeal of names such as artificial intelligence or machine learning. Nor does it remind us of the sudden emergence of scenes similar to self driving cars, advanced robots or wearable electronic devices in science fiction.
However, although 5g has weaknesses in public familiarity, its transformation potential can fully make up for this. 5g is expected to be 100 times faster than the current 4G, and seamless connection is expected to alleviate the problems of mobile phone users due to dropping the line or endless waiting when logging in to the website. In fact, 5g is the basic element supporting many of the most outstanding technologies in the future. For example, only when the robot can realize real-time wireless synchronization can it complete the complex tasks envisaged in the future.
The most far-reaching benefits of 5g may not come from people’s expectations, but from the application that is now just sketching on the sketchpad. This was the case when the 4G network was first launched nearly 10 years ago. 4G has fulfilled its promise of speed and connectivity. But in addition, it also provides a technical framework that lays the foundation for today’s huge Smartphone Application ecosystem: streaming video and music, social networks and mobile games.
The high risk of 5g is reflected in the fierce competition between China and the United States. As part of the greater conflict between the two countries in trade and technology, the world’s two largest economies are actively expanding their 5g advantages. They believe that 5g will provide a channel for broader economic and digital leadership. In fact, if we look at the experience of 4G, countries that best achieve 5g will get huge economic returns.
Of course, none of this will happen right away. Although smartphone manufacturers and mobile service providers have launched various marketing activities, there is still a long way to go before they can get through the painful period. Technical standards must be addressed, logistical barriers must be overcome and major infrastructure investments must be made. Nevertheless, there are many things to be excited about, whether for companies providing components and services or for consumers eager to have extreme speed. In the next few years, 5g may break through some bottlenecks of 4G, lay the foundation for future innovation, and finally usher in a new era of communication.
Each generation of cellular networks is improved over the previous generation. The second generation adds digital functions, allowing mobile phones to send text messages and finally photos. The third generation technology makes these systems faster and more reliable. The fourth generation increases bandwidth by converting almost all cellular networks into digital streams. The highlight of 5g is its ability to reduce delay and meet the demand for speed.
Among industries that are expected to benefit from 5G, self driving cars rank first. Ultra high speed communication will give vehicles more time to deal with emergencies and send warnings to others. Industrial robots may also get a huge boost because automated machines will be able to perform more complex tasks. Robots can better handle a variety of tasks. In addition, 5g may allow factories to operate robots without cumbersome wires. The machine with lightning response ability can minimize the injury in the factory workshop by identifying and avoiding humans.
The emergence of 5g may have a far-reaching impact on health care. For example, it can speed up robotic surgery, allow doctors to remotely control the equipment without any delay, and ensure accuracy. This allows experts in one part of the world to operate on patients in another. As networked devices (such as refrigerators with internet access and dog collars with GPS) become more common, families may put more load on the network. Lower latency and greater bandwidth will make the “Internet of things” easier to manage.
The ultimate impact of 5g may not only be at the technical level, but the successful adoption may add vitality to the whole economy, just as the United States experienced 4G. By modernizing its old 3G system, the United States has created a favorable environment for domestic technology companies to develop new ways to store and transmit content. Investors benefited as Facebook, Netflix and alphabet (the parent companies of Google and Youtube) consolidated their market leadership.
A frenzied competition for 5g dominance is unfolding. China has long sought to become a major participant in cellular networks by helping to develop system protocols and cultivate its own hardware manufacturers. As part of its strategy, China has developed its own search engine, social media and e-commerce Giants: Baidu, wechat and Alibaba. It now has its own highly developed Internet ecosystem. This puts China in a favorable position to enjoy the benefits of 5g, and may also enable some Chinese companies to become global leaders.
The competition for 5g dominance will certainly create opportunities for long-term investors. Enterprises that produce a large number of cutting-edge technologies, as well as enterprises that use these technologies to launch new products or improve products, are likely to stand out in the global market. Once 5g is widely used, it will open a business model that did not exist before due to technical constraints. As Internet search, social media and e-commerce become more deeply rooted in daily life, it will also promote the current technology giants.