Recently, augmented reality (AR) and the Internet of Things (IoT) have received significant attention as key enabling technologies for making spaces smarter
How and which industries will change with the introduction of 5G?
The next generation of wireless technology could affect a wide range of industries, from healthcare to financial services to retail.
5G is set to enhance connectivity across networks. This is especially important as the number of Internet of Things (IoT) devices rises, along with the amount of data they generate.
20 Industries The Tech Could Transform:
- Help production operations in the manufacturing industry to become more flexible and efficient while enhancing safety.
- Enable manufacturers to enhance “smart factories,” which leverage automation, artificial intelligence, augmented reality, and IoT.
- Tethered and untethered robots could be controlled, monitored, and reconfigured remotely over the 5G mobile network.
- It might also result in increased, this means AR could support training, maintenance, construction, and repair.
2. Energy & Utilities
- Lead to innovative solutions in energy production, transmission, distribution, and usage.
- With more connected smart grids, energy management will become more efficient, reducing electricity peaks and energy costs overall.
- Increases the lifespan of battery-dependent devices, sometimes up to 10 years.
- Supports the use of drones to monitor and maintain transmission of production assets, leading to improved grid uptime. This alone could generate a 30% reduction in costs.
- IoT technology to optimize agricultural processes such as water management, fertigation, livestock safety & maturity monitoring, crop communication, and aerial crop monitoring.
- Provide real-time data for farmers to monitor, track, and automate their agricultural systems, resulting in increased profitability, efficiency, and safety.
The technologies currently available are not advanced enough to cope with the massive data quantities and speeds required for smart farming. The agriculture industry will have to wait longer than most industries to reap the benefits of 5G, as 5G networks will largely be deployed in urban areas first.
- 5G could open the door to VR dressing rooms as well as mobile AR experiences in stores and at home.
- Enables mobile AR/VR applications without the motion sickness some experience when using technology today. With 5G, it will be possible to try on an array of outfits virtually from the comfort of your home.
5. Financial Services
- 5G technology is poised to accelerate this digitization, from internal operations to customer engagement.
- Allow users to make payments transactions instantly on their devices.
- 5G connectivity could also allow wearable devices to share biometric data with financial services to authenticate user identity instantly and accurately.
6. Media & Entertainment
- 5G is set to disrupt media and entertainment on many levels, including mobile media, mobile advertising, home broadband, and TV.
- Improve experiences across emerging interactive technologies such as AR/VR.
- Expanded AR/VR experiences could also create a new channel for content producers to reach consumers.
- Allowing people to connect with media through virtual items and characters in different ways and 5G will facilitate these experiences.
- More efficient networks to keep up with the huge amounts of data it deals with, from detailed patient information to clinical research to high-resolution MRI &CT images
- 5G could also enable remote monitoring devices, like wearable tech, to have much longer battery lives while they send patient health data to doctors in real time.
- Remote robotic surgery could improve, as well. Because these procedures require high 5G networks could facilitate remote surgery procedures as they enable lag-free and ultra-fast connections.
- Connecting public and private vehicles with 5G could change the way people and goods travel around the world.
- Provide increased visibility and control over transportation systems, from public buses to private logistic fleets.
- Allow enhanced vehicle-to-vehicle (V2V) communications, a key component to improving road safety in the emerging world of driverless vehicles.
- Vehicle-to-infrastructure (V2I) communications connect vehicles with infrastructures such as traffic lights, bus stops, and even the road itself.
Both AR and VR technologies require a cheaper, more extensive network with lower latency and more consistency to continue developing successfully. AR and VR require massive amounts of data to be processed. An unreliable and lagging connection can ruin the immersive experiences, even making users physically sick.
With a 10x decrease in latency, 100x improvement in traffic capacity, and 100x improvement in network efficiency, 5G could address these issues. This is critical for the mass adoption of AR and VR.
- 5G could help insurers across the board make decisions more effectively and efficiently.
With more efficient data sharing, health and life insurers could make more informed and accurate decisions when it comes to providing quotes. As wearable 5G-connected healthcare devices gain popularity, health insurers could offer “positive reinforcement” policies, where premiums would be reduced if a certain level of activity or fitness is maintained.
- 5G has the potential to transform how children and adults are educated.
- Teachers could use these technologies in a variety of new education techniques.
For students in high-risk fields such as medicine and aviation, these VR learning experiences could prove to be especially useful.
12. Cloud Computing
- With 5G, mobile apps could become more sophisticated than ever before the technology could make it easier for mobile devices to communicate in real-time with a central server.
The technology’s ultra-low latency and high throughput would also allow the cloud computing experience to rival corporate LAN connectivity to desktops.
5G could solve the latency problems that currently face cloud-based gaming. Feedback would feel instantaneous, as latency would be reduced from 4G’s 10 milliseconds to 1-2 milliseconds. This technology would benefit those playing complex multiplayer games like Fornite on their phones — or any other mobile device, for example.
- 5G could improve the quality and make them more cost-effective.
- 5G would be especially beneficial for streaming on mobile devices.
14. Real Estate
- The real estate industry could be impacted as 5G paves the way for emerging technologies like AR and VR.
- For those looking to purchase or rent property in a different state or country, accessing VR tours via a mobile application would prove invaluable.
- 5G small cells could also provide an additional income stream for many properties, as millions of new small cells will need to be installed and leased on buildings all over the world.
15. Public Safety
- 5G could enhance public safety capabilities, thereby improving emergency response times.
- 5G networks could improve information sharing within the public safety community, with secure and reliable video sharing from bodycams, drones, group chat, file sharing, and location sharing.
An enhanced network of sensors, cameras, and other automated devices would become help create a fuller picture of any public safety situations, potentially making cities around the world safer to live in.
16. Supply Chain Management
- Installing 5G-enabled IoT sensors on products could easily make a large amount of data could available to stakeholders in the supply chain in real time.
- 5G technologies introduce more intelligent supply chain management, there could be potential for increases in production, streamlined logistical processes, and reduced costs.
5G-enabled IoT devices could improve food tracking and waste disposal. Ordering platforms, from menus to drive-throughs, could evolve into more immersive and interactive experiences for customers, as 5G allows enhanced performance with better speeds and lower latency.
- 5G-connected drones could allow restaurants to send out more food deliveries.
With all of these new 5G technologies, the restaurant industry is likely to see reduced costs, more efficient food production, and enhanced consumer experiences.
- 5G is providing the wireless infrastructure for the concept of “smart tourism” to emerge. It could bring in more tourists to destinations and provide them with more immersive experiences.
- Real-time data collection and transmission to devices within communication networks are crucial, and 5G technology could minimize the speed of data transmission.
- Enhanced connectivity could minimize confusion and delay while relaying information in a life-threatening situation in the field. This could help prevent injuries and deaths in war zones.
20. Marketing & Advertising
- 5G could play a key role in transitioning display advertising toward social immersive experiences, bringing content and audiences closer together.
- 5G could help businesses overcome the scale, delivery, and measurement issues they currently face when dealing with mobile ad campaigns.
- 5G could help marketing and advertising transition from banner-based ads to moving images and video. It could even give rise to new ad formats in VR and AR. 5G could also make it possible to measure ad effectiveness in real time through eye tracking and biometrics.
Have a good day!