How can 5G affect your business?
With 5G a reality for most cities, you may be wondering, how can 5G affect your business? Is it something you should be investing in and what benefits could the tech offer?
Tech Target reports that more than 90% of surveyed enterprise leaders regard advanced wireless technologies — namely 5G and Wi-Fi 6 — as either “very important” or “critically important” to their business’s success, according to Deloitte’s 2020 Study of Advanced Wireless Adoption. So, if you’ve not started looking at these improvements, you will likely get a procurement scoping request soon. Today, we’ll look at the impacts and how 5G can affect your business in known and future ways.
We’re already a hyper-connected world. And that’s not slowing down anytime soon. From doorbells to coffee machines, experts project 75b IoT devices by 2025 and that means a need for more connectivity at the edge. With 5G & 4G working together with WiFi 6 and 6E, we’ll get devices running on the right connections with faster response times and less latency. But all this requires more backup power and redundancies since the failure of these increasingly critical devices is just no longer an option. The benefit of more IoT is better data enabling smart decision-making for all businesses in real-time.
With more devices come more interconnection challenges. Instead of 75b new batteries and unsightly networking boxes, what if you looked at emerging solutions which offer ethernet connections, visual seamlessness, and power? Hybrid Fibre Cables can now provide high-broadband connectivity, extending Ethernet beyond its traditional limits, to power edge devices—all in a plug-and-play topology. And integrated smart poles are now emerging that conceal wireless network equipment, such as antennas, cables, and radios, in a visually appealing design. This is a more sustainable and eco-friendly option that still lets you harness 5G and WiFi 6 capabilities.
Obviously, one of the largest impacts of 5G is faster speed. This is at rates around 10x higher than with 4G. So, with 5G, get streams, upload huge video files and do it all in high-def in a fraction of the time. Any creative or tech-heavy sectors in your business are sure to benefit from the efficiencies gained when uploads or downloads that used to take 10 minutes now take 10 seconds.
With a lot of business conducted on video conferences, lag can cause problems for your collaboration, sales, and retention efforts. With 5G, latency goes from 40-50 seconds to 1 millisecond or less. Sending files, getting video streams, and making VOIP calls are all more seamless with 5G. Instant and reliable connections will make remote working a real possibility for businesses, with more companies likely to adopt the approach thanks to effortless conference calls and consistent speeds wherever employees are working from.
AI, machine learning and other forms of automation all rely on machines working with each other and carrying out commands on time and to spec. A momentary loss of signal or drop in speed can cause issues in these delicate systems. So, 5G can reduce the errors in your machine-led infrastructure by a significant margin when this data loss is essentially eliminated.
Innovation & disruption
Lastly, there are a whole host of new services, products, and inventions yet to come out of the 5G revolution. Things we never thought possible before due to network constraints can now be circumnavigated with 5G. So, who really knows what the long-term business impact of 5G is 10 or 20 years down the road?
How can 5G affect your business growth now and in the long term? Let us help you scope that switch. Reach out to our expert team today.