Back in 2012 when the world was getting ready for the introduction of 4G/LTE, the global telecom and business space was abuzz with excitement for the anticipated connectivity improvements. Everyone looked forward to a huge leap in mobile connectivity speeds and a promise of almost instantaneous jitter-free HD video streaming. Business got ready for the new developments in unique ways, and those that planned ahead reaped the benefits. Fast forward to 2018; the same excitement is building up – this time for the rollout of 5G. Are you getting your business ready for the internet speed explosion when the time comes?
What is 5G?
5G is the next major advancement in mobile internet connectivity after 4G. Its most defining features are faster transfer speeds, lower connection latency, greater bandwidth capacity, reliability, flexibility, and improved device battery life. It combines the latest technological developments in electronics and wireless connectivity, to facilitate download speeds of up to 1GBps on modern smartphones.
How will 5G affect your business?
5G is a big deal because it has the potential to power an explosive adoption of the Internet of Things (IoT) technology. This is because 5G has the infrastructure to transmit an enormous amount of data between all kinds of devices within a short time, creating a smarter and a highly connected world.
Higher network speeds and dependable connectivity between devices that 5G is expected to bring will affect businesses. The new technology will facilitate faster transactions, a broader reach of business information, and in the end, more business for entrepreneurs. Virtual Reality (VR) and Augmented Reality (AR) for instance, are some of the most promising technologies whose adoption is expected to rise in retail business.
The telecommunication industry predicts that the faster 5G will enable more people to work remotely and this will have a huge impact on traditional businesses. Faster and more dependable connections will mean that the bottleneck problems that hinder remote working today will be history.
How to get your business ready for 5G
Hardware manufacturers and telecommunication providers are already paving way for a bright 5G future and so should you. You can begin by rethinking your business’ network strategy and consider adding a local network service that is ready for 5G speeds. This is particularly important if you run a business that markets and sells on a website. Since you may have to overhaul your business’ marketing strategies, it is also a good idea to find out how the new technology will affect your website-based business and ask yourself questions such as “what is web development?” in regards to the Internet of Things.
Businesses that prepare for 5G on both technical and process fronts will benefit the most from 5G because it provides speeds comparable to those of fiber optic cable but with the convenience of wireless connectivity. As an example, employers can finally adopt high-resolution video as the primary form of communication between employees to boost communication efficiency, and between the business and its clients and suppliers to improve business processes.
If you run a business that relies on cloud services, then things will just get better with the rollout of 5G. The reduced latency of the 5G network means that computers and other work gadgets will be able to communicate more efficiently with each other and in real time. Connecting to a service on the cloud will be as fast as running a program on your local computer. One of the most straightforward ways to make your business ready for faster and newer cloud-based technologies of tomorrow is to begin migrating the digital parts of the business to the cloud to maximize on better technologies when they are available.
The introduction of 5G will inherently mean businesses will get accesses to better talent than they currently do. There is already a shift in the global workforce, with more and more employees choosing employers that let them work from home or remotely. Your business should have the infrastructure required to necessitate remote online working in place by the time 5G rolls out.
5G is expected to usher in a new age of technological advancement in pretty much every industry. Autonomous cars in transportation, mobile AR in retail, smart manufacturing, healthcare, and even governance. Whatever industry your business is in, there is no better time to get ready than now. The deployment will be a gradual process, and 5G will exist in tandem with other current technologies, so if you have any IT projects technologies to master before then, you have enough time to get ready.