5G will revolutionize the Internet of Things, but not soon

5G technology is the most anticipated network update ever. Many people still don’t know the impact 5G technology will have on the tech industry and our lives. So today, let’s talk about 5G!

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What are the benefits of 5G?

The most important thing to know about 5G is that this technology will have a significant impact on the Internet of Things (IoT). Any high-tech company that embraces 5G will see new growth and revenue opportunities in the future.

5G is capable of supporting 1 million devices within a square kilometer radius, is 10 times faster than 4G in terms of its processor, and is comparable to most wired connections. It can provide transmission rates of up to 20Gbps while also making it easy to deploy wireless networks, becoming the first viable alternative to wired connections.

The IoT industry benefits more from 5G, mainly high-tech industries. Industrial manufacturing, smart buildings, smart cities, healthcare and automobiles - all these IoT-based industries will be boosted by high-speed and easy-to-deploy 5G networks. Technology companies will become major stakeholders in the entire IoT value chain and make great contributions to the commercialization of 5G technology.

Why is the new technology so late?

Many key players in the global ecosystem are actively working to make global 5G deployment a reality. Due to the advent of new technologies, they face many problems while deploying. The best approach for a successful deployment is tied to trial and error, as there are no tutorials available in the market to help engineers.

COVID-19 has severely limited cooperation between many industries and also restricted most onsight operations. Not to mention the ongoing scuffle between the United States and China, which has caused Huawei's 5G development to lag behind other competitors.

Each tech giant is acquiring patents for its 5G innovations, which has led to a lack of collaboration between investors and innovators.

future

Technologies such as cloud, security, artificial intelligence and edge computing can bring significant economic advantages to enterprises by integrating into 5G. The Internet of Things is moving our fragmented world of devices into a borderless interconnected ecosystem. The future of technology is in the Internet of Things, and the future of the Internet of Things is in 5G.