The technology that will either augment or replace 4G LTE is called 5G. It is an upgrade that providers have eyed since 2008, with select cities receiving services starting in 2019. A comprehensive rollout of this option is expected to arrive in 2020.
5G is going to change multiple industries with the many benefits it offers. Here are some of the uses that you can expect to see in the coming years.
Use #1: Better Broadband
Carriers in numerous metropolitan areas around the world are running out of their 4G LTE capacity. Some cities are initiating slowdowns of services during their most congested times. With the arrival of 5G, there will be a significant addition to the band spectrums that will improve our overall access.
Use #2: Self-Driving Vehicles
Providers like Waymo One are already transforming the global transportation infrastructure with autonomous vehicles. 5G technologies will allow each car to communicate with others on the road to make the driving experience safer. The advantages in this area include preemptive breaking, less distracted driving, and collision prevention. There could be thousands of lives saved each year once full integration occurs.
Use #3: Public Safety
The use of 5G will make municipalities of any size more efficient. Utilities can track usage from remote locations, creating faster responses to power loss or illegal activities. Surveillance networks will have improved excellence in their connectivity as well, creating more CCTV deterrents as a way to fight crime. Large files containing video content will be easier to share with this upgrade too.
Use #4: Low Latency
The remote control of heavy machinery is possible because of 5G technologies. It has an exceptionally low latency, which means there will be numerous risk reduction opportunities in hazardous environments. Technicians, laborers, and operators could control some equipment from anywhere in the world in real-time applications. This change will make it possible to outsource for more expertise.
Use #5: Health Care Improvements
There will be significant improvements in telemedicine thanks to the low-latency feature of 5G. The health care industries of the world could use this technology for robotic surgery, augmented reality physical therapy, and remote recovery. It will allow providers to manage more data about each patient as well, which could lead to more accuracy during the diagnostic process.
Use #6: Internet of Things
The sensors that we have talking to one another in homes, cars, and businesses require significant resources. It is one of the primary reasons why 4G LTE capacities are so low in some cities. Moving to the world of 5G will add intelligence to our smart devices so that we can be more efficient in almost every area of life.
When will 5G appear in your neighborhood if it is not there already? The answer to that question depends on where you live and which carrier you use. Smartphones are already coming out with the capability to access this technology. The rest of the changes and benefits may take a few years to deploy, but it will be here sooner rather than later.
Disclaimer: The author of this text, Robin Trehan, has an Undergraduate degree in economics, Masters in international business and finance and MBA in electronic business. Trehan is Senior VP at Deltec International www.deltecbank.com. The views, thoughts, and opinions expressed in this text are solely the views of the author, and not necessarily reflecting the views of Deltec International Group, its subsidiaries and/or employees.
About Deltec Bank
Headquartered in The Bahamas, Deltec is an independent financial services group that delivers bespoke solutions to meet clients’ unique needs. The Deltec group of companies includes Deltec Bank & Trust Limited, Deltec Fund Services Limited, and Deltec Investment Advisers Limited, Deltec Securities Ltd. and Long Cay Captive Management.
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