5G Solutions Are Transforming Business and Daily Life

As 5G solutions continue to expand globally, innovative applications that improve systems and processes are rapidly being deployed. Smart cities and factories, autonomous vehicles, and smart homes that were once thought impossible are now a part of today’s society. Consumers are also reaping the rewards of 5G through more immersive entertainment and enhanced communications.

5G Innovative Use Cases in Industry

With download speeds of one gigabit per second, which is more than ten times faster than previous technologies, there are numerous groundbreaking applications in use and many more in development. The transformative 5G technology is hailed as the driving force behind the Fourth Industrial Revolution. Projections by Informa Tech estimate that by 2035, 5G networks are poised to generate $13.2 trillion in global sales activity.

The following are the top five industries that will benefit the most in terms of shares of industry sales.

1. Manufacturing ($4,687 billion, 5.4% share)
   Smart factories are dramatically increasing efficiency, using sensors and devices as part of their internet of things (IoT) strategy. IoT enables predictive maintenance used to proactively keep factory machinery running, avoiding expensive interruptions from unexpected breakdowns. Robots are taking over repetitive tasks, freeing staff to focus efforts in other pertinent areas.
2. Information and communications ($1,569 billion, 10.7% share)
   The expanded network capacity of higher spectrum bands are transforming wireless communications and the speed at which information is exchanged. Telecommunication companies manufacturing and selling upgraded equipment have increased profitability due to the broader capabilities 5G has to offer.
3. Wholesale and retail sales ($1, 198 billion, 5.1% share)
   Forrester Research describes how retailers use 5G to create more immersive shopping experiences for consumers with virtual reality (VR) and augmented reality (AR) applications. Shoppers can try a product before buying using virtual dressing rooms for clothing and display scenes to test design scenarios for items such as furniture. 5G is also increasing the ways companies use big data through sensors, social media integration, and cloud-based analytics. Personalized shelf displays, predictive inventory management, and other transformative experiences are now made possible with 5G technology.
4. Public services ($985 billion, 6.3% share)
   Governments are investing in smart city services for lighting, waste collection, and parking and enhancing traffic management through automated flow systems.
5. Construction ($731 billion, 4.3% share)
   The combination of the upgrade to 5G networks and digital transformation increases the availability of cutting-edge technologies to the industry. Smart construction sites such as the first one built in Beijing use real-time supervision, mobile occupational health analysis, real-time spatial monitoring, and remote collaboration.

How 5G Benefits Consumers

In addition to the above industrial sectors realizing greater efficiency and profitability from 5G, consumers are also benefiting from the technology.

• Healthcare advances
  With IoT and faster network speeds, physicians can closely monitor chronically ill patients who are homebound. Additionally, specialists who collaborate over patient cases can exchange large files and test results between one another over faster network speeds.
• Connected vehicles
  Thanks to mobile edge computing (MEC) that enables data exchange closer to the end-user, vehicles equipped with sensors can share data. This innovation leads to increased safety measures such as automatic braking when vehicles are too close, driver impairment detection, and driver-assisted steering.
• Entertainment
  Viewing streaming video on mobile devices requires networks with low latency and greater bandwidth. MEC technology improves video resolution and allows users to stream quality video on the go. 5G is also enhancing gaming experiences. With over 2.5 billion active players globally accessing multiplayer games, 5G provides gamers with lightning-fast and more immersive experiences.
• Smart homes
  The connected smart home consists of IoT devices that automate everything from security cameras and thermostats to appliances and lighting. Most current smart device setups run on Wi-Fi networks. However, the combination of 5G and Wi-Fi 6 enables an unlimited amount of devices that work together with greater efficiency.

Conclusion

5G technology is slated to bring a wealth of positive impacts to both the business world and everyday life. 5G’s higher quality connectivity enables data communication between sensors, systems, and machines for powerful networks that offer limitless potential.

Intraway has been a global leader in telecommunications solutions for over 18 years. Contact us for more information on how our no-code provisioning automation solutions can reduce operational costs and empower your network with cutting-edge functionalities.