The promise of the upcoming 2.5G wireless networking technology is responsive, fast and power efficient. Most companies are forced to upgrade their networks to maintain the same level of competition, even if they have not seen a compelling 5G enterprise use case. If 4G performs less than expected when it debuts, how is 5G worth investing?
While the faster download speeds and delays promised by 5G may be tempting for mobile phone users, it is not enough to justify the huge cost, which Bloomberg predicts will cost $200 billion a year. However, an industry may see something different: the Internet of Things.
According to estimates by Bain, by 2020, the B2B IoT market will exceed $300 billion. According to IDC, overall Internet of Things spending is expected to reach $1.2 trillion in 2022.
What IoT needs to continue to grow rapidly
IoT devices are a simple technology with small computing units, memory, sensing/display capabilities, communications and power. When deployed in large numbers, the Internet of Things can simplify operations, enhance personnel safety and security, enable more efficient power usage, and even monitor our health.
5G and the Internet of Things in the industry
For decades, factories have used sensors to measure product temperature, count and monitor production, and ensure quality. Until recently, sensors were connected via wires for greater deployment, monitoring and proactive maintenance flexibility. 5G will implement wireless sensors throughout the entire factory or warehouse and smarter robots.
5G and IoT at home
We also witnessed the deployment of the first generation of IoT devices in our home by introducing motion sensors, smart speakers and scales, thermostats and thermometers. Over the next decade, I think we can expect an increase in the number of IoT devices to provide us with greater security, security and health at work and at home.
Internet of Things, Wi-Fi, Bluetooth and 4G are available for IoT product designers and engineers. 5G should be able to meet all of the product examples mentioned, from close range to long range, high speed, and at the same time Unbelievable data rate.
Looking forward to 5G creating a domino effect
CNET reports that with 5G, "the combination of speed, responsiveness and coverage can unlock all the power of other technology trends, powering autonomous vehicles, drones, virtual reality and the Internet of Things."
What would this look like when 5G officially became an IoT facilitator? We predict a cascading effect:
Innovators will have the tools they need to solve old problems and create new conveniences.
Manufacturers will expand and redevelop their factories and warehouses to support 5G networks, infrastructure and security to create new 5G products and rebuild and re-imagine old products.
Consumers need to recycle old equipment and update homes and workplaces to support content that will become a "necessary" connection.
The explosive growth of this development, the need for installation and implementation, and the massive recycling of old, unconnected technologies will require automation, planning, and recruitment and training for many smart people.
In order for the entire 5G-IoT ecosystem to work efficiently and safely to achieve greater social benefits, each city and business needs a solid strategy; otherwise, or the benefits of 5G make it easy for us to leave.
Establish a 5G-IoT ecosystem
As more technology tools such as 5G enter the market, the Internet of Things will have more opportunities to expand functionality, products and quality. According to Statista, “by 2020, the global installed capacity of IoT devices is expected to grow to nearly 31 billion.” Here‘s what you need to create a 5G-IoT ecosystem:
Automated power supply: Batteries and wires can now be a viable solution for IoT power supply, but as the sheer volume of the global IoT continues to increase, it is virtually impossible to keep up. Failure or exhaustion of IoT sensors, M2M or factory automation can increase revenue and increase safety and liability issues. Wireless power - no pad, long distance - is essential.
Innovators, integrators and implementers: Implementing 5G is obviously expensive. To fully realize the benefits of safety and security, companies need to work with people to achieve short-term and long-term growth strategies to help achieve this goal.
Electronic Product Recycling Program: We have kept home appliances and work equipment for the past few years. With continuous automatic wireless power supplies that support 5G IoT and IoT sensors, current "non-smart" devices are quickly outdated and need to be recycled or recycled. Companies and communities that are best suited to this program will turn potential environmental hazards into opportunities.
If you don‘t believe in the growth of the Internet of Things, then investing in 5G is meaningless. However, 5G can be a better investment by carefully designing strategies to support the entire IoT ecosystem.