5G has become a prominent buzzword over the last couple of years – both in technological industries and in customer communications – with only few people actually understanding what 5G is and who can profit from it and how. Long story short: 5G is a wireless technology following in the footsteps of 4G with potential of improvement for numerous of industries and customers.
A short history of wireless technology systems
While wireless communication has technically existed for more than a hundred years, it did not become commercially available until the late 1970s and early 1980s:
5G vs 4G – The benefits of a 5G network
While 4G is highly popular among users of mobile devices, it has its limitations that 5G is set to overcome: 4G requires downloading or buffering. A minor problem for most consumers, but the latency can directly impact system outcomes for industries.
5G, however, takes a quantum leap in connectivity and creates opportunities for numerous industries such as healthcare, retail, automotive, and entertainment. Once 5G has become widespread, these and other industries can benefit from it for three main reasons:
5G Technology – Industries that profit from it
There is a whole range of industries that are potential beneficiaries of 5G technology – each for their own reasons:
5G offers the opportunity to expand preventative and monitoring practices via wearable devices. Since it is faster and has a more reliable network, it allows for the development of more complex devices and thus increases remote diagnoses, personalized monitoring, telemedicine-based care and robotic surgery across borders.
The manufacturing industry is looking for ways to increase efficiency, improve data collection and optimize predictive analytics. One major potential improvement with 5G could be augmented reality for manufacturing. Besides that, it can also
The cars of the future are supposed to be able to drive autonomously. To guarantee security, the automotive industry is counting on a system in which cars, traffic lights etc. communicate with each other. A 5G network would mean more sensors in the environment as well as faster data transmission.
The retail industry has already started implementing smart technologies, such as faster check-out or shelf monitoring. With 5G technology, shelves could be equipped with sensors that detect low inventory, ping a distribution centre to restock, and even monitor the delivery progress.
5G internet will lead to a shift away from streaming and towards mobile downloads. The faster connectivity will also come in handy for the e-sports and gaming industries, where response times can determine a players’ success or failure.
5G can enable a more cost-effective energy transmission, make energy grids become more efficiently manageable, and reduce downtime. Streetlights connected with 5G technology could, for example, switch off when there is no traffic, thus saving energy.
5G can offer farmers faster and more accurate information in the field – for example meteorological predictions – which can help increase crop yields and make it easier to prevent crop illnesses.
With 5G speed, mobile payments could become faster and more reliable. 5G can also bring better banking to areas in which there are no physical branches.
Supply Chain Management
5G technology has the potential to transform almost every part of a supply chain: Sensors can enable real-time tracking and tracing, which is practical for delivery, but also for insurance, as the status of any package can be monitored – including variables like temperature, location, and moisture.
Conclusion: Various areas of operation for 5G
5G has the potential to pave new ways for numerous industries, offering opportunities that 4G wireless technology simply cannot. Many of these industries are already experimenting and working on ways to implement 5G once it becomes commercially available – one of them being the telecommunications industry, which is bringing 5G to customers by producing more and more 5G phones.
Telefónica is one of the companies working to build the 5G network. Wayra, on the other hand, finds startups with revolutionary ideas involving 5G and connects them with Telefónica. Located in Munich, our Wayra 5G Tech Lab offers you the opportunity to experience how 5G and Edge Computing might shape the future.