The dawn of the 5G era has arrived. Although it might seem too early to go out and throw serious money on a 5G phone, major carriers such as Verizon have already connected their 5G networks. The technology offers tremendous opportunities, especially for startups.
Think of it this way: if you wanted to connect 10 devices to the Internet a couple of years ago, you need a router. But large organizations with hundreds or thousands of terminals had to invest heavily in sophisticated network technologies to meet their network needs. Further 5G fixes this problem. This does not require a router, and the towers can serve a million devices within a square kilometer.
The development of 5G technology is similar to the invention of an internal combustion engine. This changes the rules of the game, and a sharp reduction in delays and increased throughput will make possible new business models. A lot of processing will take place in the cloud, and not at the device level, which will lead to an exponential reduction in software and hardware costs. And by freeing the bottom of the electronic spectrum, 5G will simplify the creation of a huge network of devices connected to IoT.
For telecommunications companies, the ability to use the 5G market is obvious, and they are rapidly expanding their networks and preparing employees for changes. For example, the FCC is working with the National Alliance for Wireless Security to train the 20,000 skilled workers that will be required to service towers.
On the other hand, companies that manufacture routers and provide cable Internet services will encounter some difficulties, but this does not mean that all doors will be closed to them. A quick switch to 5G will allow new players to move into old industries and adopt disruptive business models.
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For example, consumers did not buy Google Glass when it was launched back in 2013. People did not understand the essence, and the company spoiled its marketing strategy. But lower latency connections and the higher bandwidth that 5G provides will make AR and VR hardware more viable as cloud processing speeds up, creating a space for innovation that once seemed too much like The Jetsons. North’s Mojo Vision and Focals are already demonstrating the new potential for the once-mocking form of technology.
In addition, the introduction of smart glasses, smart contact lenses and other AR devices will drive software development. New devices open up new possibilities for software developers to determine how consumers interact with technology and the world around them. Apple, Google, Microsoft, and Amazon are probably all working secretly on new operating systems for smart devices, but it will be interesting to see what new applications and technologies are conquering the market.
But 5G will not just shake the consumer market. Intelligent devices and sensor technologies have serious industrial applications, so you can bet that oil pipelines, production halls, and warehouses will soon find a use for them. Reducing the cost of connected devices will also facilitate the use of technology to implement real-world innovations in the business models that need it most.
Startups must prepare if they want to take full advantage of the 5G revolution, and they need to start now. Here are three tips to get you started.
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Embed 5G in your corporate culture.
According to a Statista study, eleven million people worldwide will use 5G smartphones worldwide by the end of 2019, and by 2022 this figure will reach 627 million. This increase of 57 times in three years and the breakneck speed of this change means that workers will need serious support for adaptation.
Training schemes and clear communication strategies are vital to getting everyone on board. Business leaders cannot assume that everyone will understand what 5G means to the company. They must make innovation a part of the company’s culture to ensure that everyone buys it.
Get everyone on one page.
5G will affect all aspects of the business. Many moving parts need to be coordinated, and old management systems and ways of doing things may have to be abandoned to make companies more flexible. Audi has already begun working in this “old, new” philosophy, using Wi-Fi to connect robots to its assembly line, but it has also begun testing 5G and expects to deploy it to all of its German enterprises. in the coming years. Companies from other industries can also learn from this example. They must set up processes that enable them to succeed.