What a 5G Future Means For Your Business
If you have not purchased stock in U.S. tower operator companies, the time is now. It’s projected that tower operators are going to be the biggest winners in the transition to 5G in the next year. Their stocks have already gone up 10 percent, to near-record highs, and it’s projected their value will only climb.
Given that 5G is looking to increase speeds around 20 times over 4G, this new technological leap is definitely going to be a major disruptor. In addition to tower operators, anyone involved in the Internet of Things (IoT) should expect to experience rapid growth. After all, faster speeds means many more things can be linked to the IoT and to the Cloud with 5G. It should not surprise anyone if IoT—and especially the Industrial IoT (IIoT)—experiences a massive growth spurt in the years following the widespread adoption of 5G.
5G is also going to make self-driving vehicles much more effective and a great deal safer. Speed of communication is vital to ensuring self-driving vehicles are responsive and making the proper calculations. 5G is clearly going to make communication among vehicles and the surrounding sensors much faster and effective, so we can expect to see a surge in this sector as well.
Naturally, connection to the internet and download speeds will be positively affected, decreasing wait times and increasing productivity. Every company is going to benefit from the roll out of 5G, as it will increase efficiency and connectivity.
It is not all rosy, though. Cable companies will need to make major adjustments. While 5G is 20 times faster than 4G, it is even faster still than fiber optics. There is a distinct possibility that 5G could make cable of all kinds completely obsolete. Customers will also all have to switch to new 5G cell phones and routers—though this in turn will be a substantial benefit for these companies.
It seems that 5G is going to be an overwhelming net benefit to practically everyone. 5G is going to create a great many opportunities for technological advancement, which will in turn cause further disruptions down the line, but those future changes are mostly unpredictable. What can be predicted, though, is that with the emergence of 5G, none of our lives are going to be the same.
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