5G has messaging issues. More than half of the 1,800 business executives surveyed by Accenture in 2019 said they believed there was “very little” that could be done with 5G that could be done with 4G.
But the potential for 5G technology is huge and could be a huge boon for businesses, technology leaders told Business Insider.
Built-in security features and long-range coverage capabilities can benefit businesses in a variety of industries, from manufacturing to agriculture.
Here, four technology leaders explore 5G’s potential to power business and explain where they think the industry is headed.
Marga Hook, author of “Tech for Good”
Provided by Marga Hook
Mr. Hoek is a three-time technology company CEO and author of the book “Tech for Good.” She believes 5G has huge potential in healthcare.
“One of the biggest opportunities presented by the widespread deployment of 5G networks is opening up opportunities for the advancement and accessibility of augmented reality technology in healthcare,” she told BI.
Hook said the use of XR in medicine and medical services has been slowed by network limitations in everything from operating rooms to medical classrooms, mental health to pain management. However, “with the expansion of 5G technology, the XR healthcare market may also expand its scope as the network grows,” she said.
But development is not equal everywhere in the world, she added.
“With the growth of 5G networks, we can expect the XR healthcare market to expand,” Hook said. She added that about 20 countries around the world still lack her 4G connectivity, but could be brought up to date with 5G. “The expansion of 5G networks will help reach these countries and, on the medical front, will bring advances in medical training, reduce surgical complications and reduce resource costs,” she said. said.
Matt Cranfield, Founder of Your Simple Hosting
Courtesy of Simple Hosting
Cranfield, an IT and technology expert and founder of web hosting company Your Simple Hosting, has begun implementing 5G within his own business and believes it is the push the industry needs. Masu.
“5G has been the ‘next big thing’ for several years already,” he told BI. “At Your Simple Hosting, we strive to help you take advantage of 5G, as it significantly improves your processes to a whole new level of speed.”
He sees a huge need for 5G among clients, especially those who need to send and receive data almost instantly.
He described an incident that brought the need for 5G into focus. One client needed to sync data between multiple offices around the world and was able to do so with the help of Your Simple Hosting, but it would have been much easier with 5G.
“This experience drove home how much we depend on reliable, high-speed connectivity,” he said. “In particular, he is looking forward to incorporating 5G into the mix for Your Simple Hosting. The goal is to improve the service in ways that will surprise consumers.”
One way he plans to do that is by combining 5G’s high-speed data transfer capabilities with cloud data storage to move large files faster than traditional connections.
Andy Lindsell, Chief Technology Officer, Babble
Courtesy of Mr. Bubbles
Lindsell leads the technology team at cloud solutions provider Bubble, advising UK small and medium-sized businesses on leveraging 5G to compete with larger companies.
He has seen first-hand how 5G will revolutionize the customer engagement experience.
“In the retail industry, where every second counts, 5G’s real-time processing of massive data sets will allow retailers to drill into customer traffic analytics and make data-driven decisions to improve the in-store experience,” he said. I can do it.”
5G could underpin advanced video analytics and artificial intelligence algorithms that analyze customer movement patterns and help optimize store layouts. The technology could also help stores develop personalized promotions based on customers’ personal preferences, Linsell said.
The chief technology officer foresees similar work for real estate companies and travel agencies, both of which use 5G-enabled headsets to create immersive environments around homes and tourist attractions. It has the potential to provide a type of virtual reality experience.
Parm Sandhu, Vice President of Enterprise 5G Products and Services, NTT Ltd.
Provided by: NTT Corporation
Sandhu, vice president of enterprise 5G products and services at network connectivity provider NTT Ltd, sees huge growth potential for manufacturing, transportation logistics and healthcare with 5G.
“5G, especially private 5G, is acting as a catalyst for change for customers,” he said. “It’s not that we didn’t have cellular or wireless communication technology in the past, but today 5G is creating a perfect storm of events that are often forcing customers who were struggling with Industry 4.0 digital transformation projects to Due to the lack of proper communication technology, we are suddenly starting to see light at the end of the tunnel.”
The previously stagnant digital transformation has been energized by the reliable connectivity inherent in private 5G connectivity. For example, Schneider Electric leveraged 5G provided by NTT to transform its Lexington, Kentucky, factory into the nation’s first smart factory. “This site now features his IoT connectivity, edge analytics, and predictive analytics to drive sustainability and energy efficiency in private 5G networks,” Sandhu said.
Along with Schneider Electric, NTT has customers such as Frankfurt Airport (Europe’s largest private 5G network) and the city of Las Vegas (US’ largest private 5G network), and has private 5G and edge computing capabilities. has a contract for the development of
“NTT is not considering private 5G in isolation, but as part of a complete edge strategy,” he said.
