5G is the next big thing in the networking and telecom industry. It can bring an unparalleled scale of innovation to the market stated Bahaa Al Zubaidi.
The 5G effect in a nutshell
It is no secret that companies like Netflix, Uber, Tesla, Amazon, etc. capitalized on technologies in a disruptive manner. These companies are the front runners in the first wave of innovative market disruption. Mass adoption of 5G technology will mark the next cycle of digital disruption. The additional bandwidth will give rise to new technology services and companies.
These companies will compete with the industry giants and will influence every aspect of our lives. Coupled with technologies like blockchain, IoT, AR, VR, and AI/ML – 5G will power automation everywhere. So, the macro-level innovation will start at the company level and keep the innovation loop continuous. Its adoption will make the feedback process even faster.
The application ideation and strategy process will take only a few days, instead of years. Whether it is a web-based application or a shrink-wrap software – the innovation roadmap will become much shorter. 5G would enable firms to react to customer or market feedback almost instantly and updates will roll out within seconds. This will dramatically increase the fuel that goes into the tech innovation engine.
At the micro level, innovation will happen through a faster peer-to-peer exchange of information and a more connected infrastructure. Real-time monitoring and processing of multiple consumer data points will be the norm. This will enable marketing and product engineering teams to do a lot more with less time.
Pros and Cons of 5G
Technology is a double-edged sword and 5G is no exception. It will bring huge improvements in speed, latency, and bandwidth, taking media consumption, remote work, e-sports, etc. to the next level. On the other hand, with a lower range, it will also have limited coverage. Tier 2 & 3 cities would probably lose out in the 5G game, as the installation is expensive.
5G will also have slightly weaker upload speeds, which may affect content creators. Furthermore, it adds battery longevity challenges to cellular devices and can interfere with flight operations at airports. Last but not the least, it also brings more cybersecurity risk while setting up the connection process, as it currently does not have encryption standards.
Conclusion
5G has great potential for consumers, creators, and companies alike. It can become the beacon of innovation in the coming years with proper industry and government support.
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