Fifth-generation mobile technology (5G) and the Internet of Things (IoT) has revolutionized the tech industry. Bringing innovations in every field, 5G and IoT is considered as the macro technologies that shifted aspirational visions to the cutting-edge real-world applications.
Beating 4G with 2.7 times faster download speeds, 5G enables data communication between million devices per square kilometres compared to 100,000 devices per square kilometre supported by today’s 4G networks. The devices range from smartphones and tablets to industrial sensors, medical devices, wearables to vehicles. Moreover, it also facilitates businesses and governments to provide services with capabilities that were never introduced before.
The Role of IoT Technology in establishing Seamless Connectivity
Internet of technology (IoT) applications power digital transformation and initiate the development of many business models. They back up the cellular networks by connecting billions of IoT devices. With the advent of IoT solutions, businesses step closer to consumers and tend to grow at a double pace gaining higher competitive advantage.
Considering the large-scale application of IoT solutions, infrastructures to facilitate the technology are continuously being deployed. According to Gartner’s top IoT technology trends predictions, there were 14.2 billion connected things in the year 2019, and by 2021 the figure is estimated to reach up to 25 billion; thus, producing a massive volume of data. Furthermore, as per McKinsey reports, every second, around 127 devices are connected to the internet globally. 5G is predicted to become the underlying fabric to build an ecosystem network connected with IoT sensors.
How 5G & IoT Influence Business and Society
IoT companies facilitate manufacturers to produce state-of-the-art connected products enabling the manufacturing industry to reap benefits in terms of both cost and revenue. With the advancement in 5G and IoT, manufacturers and telecom operators can benefit by building smart factories and taking advantage of technologies such as automation, artificial intelligence, augmented reality for troubleshooting, and managing daily activities. IoT and 5G are generating new opportunities for manufacturers to enhance services, improve efficiency, reduce downtime, and decrease manufacturing costs. As per the Oracle Communication report, around 80% of 265 business leaders across 11 countries find 5G capable of lowering costs besides generating new revenue streams.
IoT and 5G are equipped with capabilities to create a secure and progressive IoT world where new applications enhance the lives of a common man. For instance, in a smart city backed by 5G, sports fans could receive real-time notifications related to the roads leading to the stadium, available parking locations, and even the sports updates. Smart city technology integrates video analytics with AI-powered sensors that facilitate the transportation industry. Among the many smart city features, safety and security of citizens are the most significant ones.
Apart from dramatically improving the way we commute, smart cities could create ultra-efficient autonomous vehicles systems. With the adoption of 5G and connected car technology, vehicles can alert and provide notifications to the driver about any imminent road hazard or distracted driver behavior along with facilitating granular data in real-time about the performance and health of vehicles.
Moreover, smart city 5g facilitates innovative opportunities to use autonomous driving applications that are well-rated at 4 and 5 driving levels by the Society of Automotive Engineers (SAE). The ultra-smart IoT sensors have rightly initiated the safest driving experiences though the manufacturing of connected car services. From bringing a reduction in car manufacturing processes, ensuring reliable and sound road experiences, and building a well-connected IoT world, the emergence of such cutting edge technology empowers people to be happier and healthier.