Last Updated: 27 Oct 2020 | 5 min read
The Internet of Things or IoT is developing and expanding continuously. Things that were simply ideas even a few months ago are now becoming reality. There’s only one limiting factor, however, and it’s the bandwidth. Cellular networks do have powerful network coverage, but limited bandwidth. Wi-Fi can make up for that bandwidth, but when it comes to range, it fails. Besides, the security standards of Wi-Fi connections are questionable. The only thing that can fix these issues is the growth of 5G. Apart from increasing cellular bandwidth immensely, it will make things easier for the Internet of Things to network a large number of devices together.
Why do you think that 5G is one of the most anxiously awaited technologies in recent memory? It’s also geopolitically significant, but why? It’s because 5G has the power to change the world even further.
By 2025, operators and investors will spend about $1 trillion worldwide on 5G, as it will become the de-facto wireless communication standard. It’s understandably a reasonable bet, and there are several reasons to prove it. Some of those reasons herald the changes that 5G will introduce to the world of the Internet of Things or IoT.
You need to know how 5G will alter IoT before you contact one of the top Internet of things companies for any project of yours.
(1) Easy setup: 5G promises to increase internet speed by almost 100 times, but it isn’t the only obvious way how it will improve current-generation protocols. You may look at 5G as a kind of next-gen Wi-Fi. You have been using a central router for some time in your home or workplace that lets you send radio waves to any devices in the vicinity so that they can use Wi-Fi to connect to the web. Whether it’s desktops, laptops, smart home devices, bathroom scales, watches, refrigerators, or any other internet-connected device, you can use these routers to make them function. With the arrival of 5G, you will be able to connect all these gadgets wirelessly, individually, and directly to your internet service provider. Of course, even after the arrival of 5G, you have to keep using your routers until engineers can develop electronic devices that can work on a 5G connection. Soon, your business and household will be able to utilize the creations of one of the top internet of things companies.
(2) New business models: Experts from Nokia say that one of the expected results of widespread 5G adoption is the promise of new and more enhanced business models. Additionally, it will be easier to deliver services to wireless customers for all their IoT-powered devices, including business locations. According to Nokia, it will bring forth end-to-end IoT solutions that weren’t possible with 4G or older technologies. There’s a term called “network slicing” that incorporates using the same underlying infrastructure for all customers. Then again, developers will create incredibly differentiated and personalized QoS (Quality of Service) packages and tiers for various customers. To put it simply, 5G will negate all one-size-fits-all packages for business customers. After all, they have several types of gadgets to bring online. Nokia even estimates that network slicing can improve operational margins for service providers by 5%. Furthermore, around 15% of the present internet subscribers will show interest in high-quality services. In that regard, the flexibility and speed of 5G will deliver what they want.
(3) Establishing smart cities: Metropolises have always been the centers of socialization as well as economic and technological enhancement. Based on the work of the researchers from the US, 68% of the entire world’s population will reside in urbanized areas by 2050. It will further cement the necessity of end-to-end IoT solutions combined with steel and concrete monuments.
Economists tend to disagree at times on the best way of growing these economies for the good of Wall Street and Main Street. However, one favorable argument suggests investing in the infrastructure of the cities to make life efficient for everyone. Around 75% of the US’s GDP rolls in from its 100 largest metropolises. Smart cities are superb, indeed, and 5G will lay the foundation of this concept.
(4) Improving agricultural management: Significant concepts, such as the Internet of Things and Artificial Intelligence are now available in the form of fully realized products due to the advancements made by IoT consulting services and development company. Microsoft, for example, already runs commercials publicizing the power of their Artificial Intelligence that can help farmers estimate and maximize crop yields while minimizing the use of fertilizers, water, and pesticides. It’s an exceptionally crucial moment for such innovations. Then again, Artificial Intelligence is nothing more than a cog in the machine. Internet of Things is the primary mechanism with eyes and ears. It can funnel significant quantities of useful data via environmental sensors affixed with farming devices. Since the world population count will reach 9.6 billion by 2050, it’s sensible to invest in IoT right now. After that, humanity can try to reap insights into the soil and environmental health and the best possible way to use resources.
(5) Effective resource management: Agricultural matters are only the initiation point when it comes to 5G and IoT consulting services. There’s more to consider before leaping towards connectivity and functionality. The business companies that wish to engage in facility and resource management using IoT will realize how cost-effective sensors can be. These companies can install sensors to almost everything, whether material handling, equipment manufacturing, or the vehicles that move raw materials from one facility to the other. It means that things will get easier with the advent of 5G when it comes to connecting supply chains. Data flow will increase between business partners as well as within organizations.
As you can see, 5G will change the face of the Earth when it arrives and interacts with IoT. As a forward-thinking business owner, you need to prepare yourself and your company, so that you can embrace 5G as well as the alterations when they come.