After much exaggeration, 5G mobile technology will soon become a reality worldwide. The leading smartphone operators and manufacturers have announced their 5G consumer services already. So, 5G services will be available in many metropolitan areas by the beginning of the year 2020. Although the introduction of 5G probably attracts the most attention, 5G could be more critical for the commercial market.
The key to acquiring 5G companies is the ability to generate profits or monetisation. Like all new technologies, 5G must not only innovate but also add value to your business. Currently, these ROI (return on investment) opportunities come from the vertical industries and the network itself, which should lead to crucial activities.
Industrial Sector: 5G latency of less than one millisecond and data speeds of up to 1 Gbps, can facilitate productivity planning and affects the final result.
Robotics: Robots or collaborative robots can work with humans to perform specific tasks or work in hostile environments to increase productivity. However, to identify, manipulate and process the production elements, the robot needs a network that can remain permanently connected with low latency, and 5G can compensate for these delays.
Augmented reality (AR): Technicians who wear specially-equipped glasses can use complex visual information and instructions to help them understand and perform maintenance or repair work. This type of AR requires the bandwidth that only 5G networks can provide.
Connected healthcare system: The doctor can access the patients remotely, which is quite a game-changer in the field of medicine (not to mention remote surgery or medication management and all treatments). The procedure is based on instant remote sensing, which requires the only 5G for extremely high bandwidth and low latency.
5G technology has the network slicing ability, which is not available in 4G networks. Network segmentation can connect multiple users (clients) with very different requirements in a complete physical network. This means that operators can lease capacity to many commercial customers. For example, municipalities can obtain long-term rental rights to transfer Internet traffic as part of Smart City measures, while sports franchisees can only rent capacity for specific events.
In addition to the original bandwidth, operators can combine services other than simple implementation to provide added value or sector-specific services, such as Health. Companies can create their own 5G networks. This advantage is likely to turn technology giants into their network operators, which have an economic model similar to that of today’s public clouds.
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There is no doubt that 5G will have a revolutionary impact on operators and businesses. However, many uncertainties can lead to 5G; for example, many people do not know how 5G network segmentation or network slicing is better than the characteristics of QoS 4G. (Each client can reuse 5G, not just signalling functions).
This is just an example of my mysterious 5G technology. Companies need to develop use cases, calculate the return on investment, develop POC and validate their solutions. In total, the company wants to capitalise on its possible investment needs to look at the details of 5G technology to implement it upon arrival.
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