What is 5G?
The 5th Generation mobile network that operates at a higher frequency, delivering faster internet
speed, low latency, more reliable wireless network connectivity and capacity for mobile devices. It is
the latest generation wireless network technology that improves the functionalities of 4G LTE by a
big margin. The adoption of 5G technology around the world has the potential to create many new
opportunities not only for consumers but also for businesses and mobile operators offering 5G
services. Let us delve a bit deeper into the subject, and uncover the opportunities and benefits of 5G
technology for mobile operators, consumers, and businesses.
5G Opportunities for Mobile Operators
Network slicing is one of the key benefits of 5G technology for mobile operators that allows creating
custom private virtual networks that are created to suit the preferences and needs of specific
customers/businesses. This enables the creation of different ‘slices’, each with control over their
attributes like coverage, encryption, speed, and capacity. Network slicing gives more freedom to
mobile operators to create plans that offer regular and premium performance based on the needs
and payment plan of their customer/business. Mobile operators can provide a wider wireless coverage of 5G network even in sparsely populated rural and semi-urban areas, and densely populated metropolitan cities. This can be achieved by deploying network stations for enhanced connectivity of 5G network.
5G technology can also significantly boost the potential to create more mobile customers. 5G can
offer reliable connectivity to more devices in the same region without any diminished availability as
compared to 4G. Better speed, low latency and improved security among other benefits of 5G technology allows mobile operators to provide better services to their customers. This convenience in turn ensures
that customers use their services more frequently, and feeling comfortable to switch to ecommerce,
mobile gaming, online work and education modules etc. Increased usage is definitely a great
advantage that mobile operators can look forward to with the introduction of 5G network.
5G Opportunities for Consumers
The benefits of 5G for consumers are simple, yet have great potential to make their digital lives
better. Faster internet, low latency, cheaper data plans, reduced battery consumption on devices
and adoption of technological innovations that can offer better education, entertainment, and other
prospects to consumers are some 5G benefits for consumers. Let us discuss the benefits of 5G for
consumers in a bit more detail –
Faster internet: Simply put, 5G can reach internet speeds that are 100 times faster than 4G. This
means faster downloads, streaming and other internet-related activities that we depend on daily.
Watching videos, streaming songs and movies, downloading images, apps and games can all be done
instantaneously with 5G technology.
The availability of faster internet pushes the processing and computational power off your device,
and onto the cloud. This gives you a smoother, faster and more productive functionality of your
smartphone, and also helps reduce battery consumption.
Low latency: Another crucial benefit of 5G technology is its low latency, which is vastly superior to
4G. Latency refers to the delay between information being sent from your device and received back
to it. For example, if you are playing an online game on your smartphone, and make a move in the
game. The low latency of 5G ensures that the move you just made is reflected in the game as quickly
as possible, with little to no lagging. Ask any gamer how much they hate lagging, and you will know
just how beneficial is low latency. Lower latency enables two or more devices and/or servers to communicate swiftly, more accurately, and respond instantly.
It is why cloud gaming is expected to be one of the most positively impacted sectors, with the
introduction of 5G technology. The lower latency benefits mobile gaming enthusiasts, and opens up
new avenues for cloud game developers to offer better products, graphics and introduce more
complex features into mobile games.
Lower latency and high-speed internet also benefits communication by enabling a seamless video
calling experience for consumers. This has both recreational, academic and professional benefits for
users. Other sectors that can benefit greatly from the low latency of 5G technology are Education and e-
Learning, Augmented Reality, Artificial Intelligence, Virtual Reality, Healthcare, Smart Automobiles
and more.
5G Opportunities for Business
Much like 5G benefits consumers and telecom operators, it also has a fair share of benefits for
businesses and enterprises. The business case for 5G for enterprise includes a potential for superior
quality data collection, swift data processing and precise data application. It also presents an
opportunity for the adoption of AI in business to reference, track, and process data for better
predictions and output. By harnessing higher speed and low latency of 5G technology for business, many small, and medium enterprises can now offer better services to their customers by providing digital assistance with the help of Chatbots. Other larger enterprises too can significantly enhance the quality of customer service they are able to offer.
Small and medium businesses can add a whole new dimension to their social media marketing tools
by adopting more comprehensive strategies. 5G technology also allows enterprises to collaborate
with online personalities and effectively utilize influencer marketing for their brand with Live Videos,
AR Lenses, custom filters and much more. Custom and real-time data analytics, faster internal communication, improved network security for transactions, slick and smooth UI for business mobile apps to enhance customer experience and more new goals can be achieved with the wider availability of 5G technology.