For the past couple of years, 5G is a buzzword trending in the business community. It held promises of a super-fast network technology that’ll make the speedy 4G LTE looks ordinary. The potential of 5G has garnered powerhouse nations’ attention and even led to a tussle for dominance.
The world has never seen the adoption of new telecommunication technology at such a breathtaking pace. 2020 was meant for consumers to reap the promised benefits of 5G, but the global pandemic hampered the adoption.
There are signs that 5G will pick up steam where it left off in 2021, and as a business owner, you don’t want to miss the bus.
What You Need to Know About 5G
Despite the hype surrounding 5G, it’s plausible that most of the public fails to understand the true significance of the technology.
What is 5G?
In simple words, 5G is a cellular network technology that is way more superior in speed, capacity, and latency. Depending on the infrastructure, 5G can be 10 to 100 times faster than its predecessor 4G. Imagine downloading an HD movie in less than 10 seconds, when it would normally take 10 minutes to do so on a 4G network.
Besides speed, 5G also has a much smaller latency compared to 4G. Latency is the time it takes for the data packet to travel from the sender to the recipient. With 4G devices, it could be anything between 10 milliseconds to 200 milliseconds. However, 5G ensures that it takes 1 millisecond or less.
5G is also the answer for a growing population that’s continuously connected to the internet. It allows coverage of 1 million devices per square kilometer, compared to 4G’s 4,000 devices for the equivalent area.
At the moment of writing, 5G is already available in at least 378 cities over 34 countries, although with varying coverage and speed. Shenzhen, known as the global hub for electronic components, claimed that it is the first that achieved city-wide global 5G coverage in the world.
Major smartphone manufacturers have started rolling out new models that support the ultrafast 5G. The iPhone 12 and Samsung Galaxy S21 Ultra are forerunners that bring 5G to iOs and Android respectively.
Why the Shift To 5G Is Inevitable?
Internet connectivity is rising exponentially, and we’re not only talking about the global population. In recent years, IoT’s growth means there will be more electronic devices connecting to the internet than ever.
The 4G network is pushed to its limit, and the effect is felt in densely-populated cities. Telcos will have to upgrade existing network infrastructure to cope with the growing demand. It is doubtful that such a move is economically-wise in the long term.
Industries seek a cellular network technology that’ll break existing limits in more ways than one. That’s where 5G fits into the picture. It eliminates the data bandwidth bottleneck and opens up the possibility of edge computing in IoT.
VR/AR gadget makers, long hampered by the limits of 4G, can offer a truly immersive virtual experience, thanks to the low-latency of 5G. The benefits of 5G are tempting enough to spur stakeholders into rolling out 5G in their respective countries.
5G Trends In 2021
Despite being in its infancy, 5G is expected to be a disruptive force to various industries in 2021, albeit in a good way.
IoT, which has been around for years, will experience game-changing innovation with the higher bandwidth afforded by 5G. Combined with AI, the healthcare sector stands to benefit from remote diagnosis and ease of transferring patient information on the cloud. Doctors can make real-time decisions thanks to the ample bandwidth brought by the 5G rollout.
The manufacturing industry is undergoing the Industry 4.0 revolution, where machines are interlinked for smarter process control. The challenge has always been securing a low-latency internet connection for the machines. 5G presents the manufacturer with a viable alternative that overcomes WiFi and wired connections’ existing limits.
The 5G era also highlights the importance of the global supply chain for parts and electronic components used to build the 5G ecosystem. It has turned manufacturers to Shenzhen, which is pioneering 5G innovations.
Can cars get anymore smarter? Well, that’s what automotive makers hope to test as 5G becomes more available in 2021. The availability of a high-capacity, low-latency network may witness more ‘smart cars’ on the road. These 5G-powered vehicles share information with other cars and infrastructures and can potentially reduce the risks of accidents
In 2021, shoppers can expect better personalization as 5G enables real-time data processing from many interaction points.
There’ll be an uptick in retailers adopting the BOPIS model, where customers buy online and collect their purchases at the nearest store. Personalization enabled by the ultra-fast data sharing on 5G doesn’t only happen online but also in the form of the smart aisle and other creative use of cloud-connected sensors.
Entertainment will be given a whole new meaning when 5G is more prevalent. Streaming HD videos on content providers like Netflix is no longer hampered with lags and dropped connections. Not only that, but the high-speed bandwidth will also shove interactive live streaming as a mainstream mode of entertainment.
VR/AR entertainment will be given a new lease of life as 5G continues to mature. Uses will no longer suffer from the disconnected experience brought by a laggy internet connection. The low-latency transmission with 5G will see VR/AR gears not only being used in games, but also in other industries.
How Does 5G Impact Your Business?
Like it or not, the 5G revolution will leave a lasting impact on most businesses. There are boundless opportunities as cellular network technology undergoes unprecedented changes in history.
For a start, the low-latency transmission will open up imaginations for businesses to leverage VR/AR technologies to enhance the shopping experience. You’ll be able to implement virtual tours for your customers with a vivid and responsive 3D alternate reality.
5G enables more devices to be connected to the cloud without degradation in transmission quality. If you’re in the manufacturing industry, it’s a great opportunity to integrate IoT to improve productivity and cost-efficiency. It shouldn’t be a difficult effort as Shenzhen has all the necessary electronic components that work with 5G.
If your business is still stuck with conventional marketing strategies, it’s high time to explore more modern tactics. Video marketing is going to be more prevalent than ever with 5G serving as the ultra-fast wireless data expressway. You should also turn your eyes on live streaming, as it’s a channel that’s growing in popularity amongst consumers.
Even within the company, 5G will change how your employees work and communicate. Data sharing and communication will no longer be limited by slow data networks. Expect tools and apps that leverage the high-speed connection to flood the market and be sure to take advantage of them.
How to Get Ready For 5G?
With the blistering pace that 5G is rolling out, you may be on the losing end if you’re not prepared. You need a 5G strategy in place and here’s how to get started.
Shifting to 5G may require a considerable investment. You’ll want to make the best out of it. Preferably, you’ll want to start where 5G has the largest impact. Therefore, you’ll need to decide which element in your business will benefit most by leveraging 5G.
Should you bring VR elements to complement your retail stores? Or upgrade a fleet of logistic trucks with 5G IoT sensors? Work out the ROI projection with your finance team and make a plan out of it.
Choose A Provider
Bringing 5G into business involves upgrading or shifting to a faster cloud infrastructure. There are many technicalities involved, and you’ll want to get a good cloud service provider to see through the implementation.
Sharing data on the cloud comes with its challenges. Your 5G cloud provider must ensure that the service is always available and data stored are protected by security features.
Work With The Right Vendors
5G is still in its infancy, and you can expect a flurry of innovations for 5G-ready gadgets. When your 5G strategy involves hardware rollout, you’ll need to ensure that you’re getting them from trusted vendors.
With Shenzhen being the global hub for 5G electronic components, you shouldn’t have difficulty partnering with the right vendors.
Setting up 5G infrastructure in the company isn’t good enough if it’s not backed by education. Employees may feel overwhelmed switching to a new platform. You’ll need to ensure that your team understands why the shift to 5G is necessary and how it could benefit the company as a whole.
How 5G Is Putting Shenzhen Into Global Spotlight?
Shenzhen has long been associated with the global supply chain of electronic components. In August 2020, it had the honor of being the first city in the world to achieve full 5G coverage. The bustling industrial hub in China now has more than 46,000 5G base stations.
Shenzhen is also the home to tech giants like Huawei and Tencent. These companies play pivotal roles in the development of the 5G ecosystem in China and globally. Huawei is involved in many pioneering events in 5G. It launched the world’s first 5G chipset in 2018. Meanwhile, Tencent has committed $69.9 billion worth of investment to support China’s push of 5G adoption.
5G experience centers are set up to enable the public to glimpse the technology’s potential. Meanwhile, Intercontinental Shenzhen is poised to become the first hotel to implement an all-around 5G experience. In collaboration with Huawei and Shenzhen Telecom, customers will be treated to VR experience, cloud gaming, smart robots, and other applications powered by 5G.
The pressure is also on Shenzhen’s electronic components manufacturing, and sourcing companies as the demand for 5G-compatible parts continues to soar. Shenzhen is now the clear leader of the 5G revolution, and the attention is well-deserved.
5G is making waves in industries. By the end of the year, the business landscape is going to be a different one. Your preparedness in adapting 5G is vital to remain competitive in business.
With innovations happening at an unprecedented pace, teaming up with the right partners is crucial. Our experience in sourcing 5G electronic components in China makes us a good candidate.