5G, or the 5th Generation of mobile network, is one of the next-level technologies that is emerging in 2019. It is designed not only to do everything better than the 4G but to do more than any mobile network before it.

The prominent capability of providing faster connection and speeds will do more than just improve the mobile network; it will put futuristic technologies like Virtual Reality, Augmented Reality and the Internet of Things to better use. It holds the promise of uninterrupted network connection for personal use, as well as at a larger scale for executing corporate tasks.

Businesses of all sizes will be able to benefit a lot as 5G becomes common and gets implemented to replace current network setups in various companies. It is set to transform businesses by providing improved communication and enabling the use of cutting-edge technologies at a larger scale.

In this post, we’ll be looking at the following noteworthy advantages of how 5G will change businesses:

• Enhanced communication
• Better hiring & remote work performance
• Increasing use of VR, AR, and AI
• Better implementation of IoT
• Greater cloud usage

Enhanced communication

Communication is the great enabler. It accelerates processes and backs up successes. Effective communication ensures accurate information is exchanged in a timely manner which can make a huge difference for a business.

According to Qualcomm, 5G is capable of delivering data speeds up to 20 Gbps. That is incredible for a wireless mobile network. Suffice to say that 5G will work wonders for companies that do not use, or deprived of, fiber optic for their internet and networking requirements. 5G will change that.

All communication, from sharing files over emails, uploading large amounts of data on servers, responding to clients, and customers will see visible improvement in terms of speed as well as uninterrupted connectivity.

Besides higher speeds and more reliable connectivity, 5G will further make video conferencing better and a seamless experience. The same benefit is expected with the streaming of high-resolution videos as well.

Enhanced overall communication will benefit business growth in the long run.

Better hiring and remote work performance

Around the world, companies are progressing beyond the traditional process of face-to-face interviews for hiring new talent. While conventional hiring methods remain relevant, 5G will strengthen businesses’ efforts for remote hiring using telephonic and video interviews.

With improved seamless network connectivity, (especially at places where mobile networks become weak) companies will benefit from 5G’s ability to provide stronger network connectivity and support for a larger variety of devices.

Additionally, remote workforce and programs of companies are bound to strengthen and will become common, especially with companies with multiple offices. As stated earlier, enhanced communication will improve efficiency for data exchange as well as for video conferencing and streaming.

Increasing use of Virtual Reality, Augmented Reality and Artificial Intelligence

Uses of VR and AR are moving beyond the realms of gaming and other entertainment. Businesses have begun using immersive experiences for better customer engagement and retention. Experiences delivered through VR and AR do a number of things:

• Customers get a realistic demo of a product
• Companies can recreate and deliver real-world experiences
• Customers understand your commitment to serve them

These technologies use a huge amount of data to create 3D graphics to emulate real-life locations and events. They will benefit from the lowered latency (or lag) in recreating such experiences wirelessly.

More companies will be able to make use of VR and AR to dynamically provide presentations and work on problems using interactive immersive experiences on more portable devices. And all this without risking physical harm.

This has a positive cascading effect on app developers as well. More coders will feel encouraged and motivated to work on developing VR and AR applications serving a variety of purposes leading to new business opportunities in these domains.

In the last one year, a lot of importance has been given to AI, especially by the mobile industry.

Qualcomm, for instance, is one of the leading mobile chipset makers in the world and has been working on developing mobile processors that deliver dynamic performance depending on a person’s usage patterns.

Such companies are putting a lot of effort into machine learning and AI. Of course, 5G is designed to leverage and widen the capabilities of AI, especially in mobile devices.

Better implementation of the Internet of Things

One of the biggest benefits of lowered-latency with 5G is to be seen in the IoT-enabled devices.

IoT refers to those devices that can be connected to the internet or to a local network like Wi-Fi and interact with one another and to a centralized source for improved functionality. For example, voice-assisted lighting systems where lights can be dimmed using a voice command.

With latency reduced to insignificant levels, IoT devices can be used more and in a better way. With 5G, such devices will be able to communicate faster, more reliably, and exchange more data than ever before.

An underlying benefit of 5G is to empower more and more companies to use trendsetting technologies to enhance their businesses, regardless of their scale and size.

Greater cloud usage

With all of the above, the use of data storage on cloud will increase. Cloud storage is already a sought-after way of storing data as it reduces dependency on physical servers, thereby, keeping the need to have physical storage to a minimum.

5G is expected to bring increased efficiency to several business operations and some will be directly experienced wherever the internet, mobile network and supporting devices are concerned. And some will be the resulting benefits like the increasing use of modern technologies like VR, AR, AI and IoT.

It is one of the most talked-about topics currently, giving rise to a lot of discussions both online and offline. Individuals and companies that are relying on 5G to make their work better are tirelessly looking forward to using it.

A whole lot of new information is being generated on the internet on 5G on a daily basis. You can even visit several Q&A websites for entrepreneurs’ questions and answers. You can even initiate discussion questions on entrepreneurship on how 5G could make a difference in the business world.

Business resources:

• What Is a Business Model? 30 Successful Types of Business Models You Need to Know
• The Complete Guide To Business Development
• Business Strategy: Definition, Examples, And Case Studies
• What Is a Business Model Canvas? Business Model Canvas Explained
• Blitzscaling Business Model Innovation Canvas In A Nutshell
• What Is a Value Proposition? Value Proposition Canvas Explained
• What Is a Lean Startup Canvas? Lean Startup Canvas Explained
• What Is Market Segmentation? the Ultimate Guide to Market Segmentation
• Marketing Strategy: Definition, Types, And Examples
• Marketing vs. Sales: How to Use Sales Processes to Grow Your Business
• How To Write A Mission Statement
• What is Growth Hacking?
• Growth Hacking Canvas: A Glance At The Tools To Generate Growth Ideas

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