The Role of 5G Technology in Shaping Business Outcomes

Written by | Enterprise Technology, Smart City

5g The Role of 5G Technology in Shaping Business Outcomes digital network connection lines of 5g downtown bangkok city thailand financial district and business t20 wlB4Y7

With cloud computing, flash storage, ICT, and other smart solutions for companies, it seems like businesses already enjoy a wide range of benefits from technological advances. The network & infrastructure of enterprises is constantly changing, and 5G technology is another awaited technology set to change the world of business.   

5G technology

5G technology is the 5th generation of wireless mobile communication that has the following features:

  • Greater speed
  • Reduced latency
  • Higher capacity
  • More reliable
  • Better flexibility
  • Extension of the device’s battery life

These features can help to shape the world of business and result in numerous beneficial business outcomes:

Higher speeds

5G can reach 10 gigabits per second, making it 100 times faster than 4G. Data centers of enterprises store large volumes of data and transferring this data at the speed of 5G networks can help in making business operations faster and raise productivity & efficiency of work.   

Greater device capacity

5G networks are expected to support 1 million devices per square kilometer, which means that enterprises can support more devices within their network & infrastructure. A larger number of radio wave frequencies allow for transmissions to be made simultaneously.

Remote work

Although remote work is becoming more popular, faulty internet connectivity can impact workflow and efficiency. With 5G network, individuals have access to internet connectivity wherever they go at greater speeds to be able to work remotely and meet business objectives.

Adoption of IoT devices

With 5G technology, businesses can adopt IoT devices with greater trust and generate insights from connected devices within an IoT ecosystem. It will also improve infrastructure within the company and reduce susceptibility to cyber threats.

Network slicing

5G technology will allow businesses to create several virtual networks with 1 physical system. Such network slicing will allow enterprises to perform networking, storage, and computing functions so that customers are offered a seamless experience.

Multi-access edge computing

5G technology will make multi-access edge computing a reality for enterprises that can help to decongest crowded business networks and improve site performance. Multi-access edge computing can also offer greater data protection and deliver results from large loads of data in real time.

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Multi access of Edge Computing

Greater flexibility in office spaces

5G technology will make smart business spaces where occupancy can be monitored along with factors like temperature, lighting, and camera footage directly from mobile devices. This will enable secure, flexible, and efficient environments that facilitate business operations.

Reduction in cost

The software based network requirements and benefits derived from the application of 5G technology for business outcomes will ultimately reduce overall costs for enterprises in the long run.

5G technologies will find applications in several sectors, including manufacturing, retail, healthcare, and transport. It can even help in meeting smart energy needs and the development of a smart city.

Last modified: January 26, 2021

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