5G Spectrum - How Businesses Benefit?

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Whenever you listen about deployment, allocation, distribution, penetration, networking of high frequency spectrum, and increased bandwidth associated with 5G spectrum technology in densely populated cities, suburb areas, villages, and highways then you instantly imagine in your mind zero latency rate, faster connectivity, and seamless mobile communications, faster speed in downloading and uploading of huge volumes of data i.e., videos, audios, images, films, and document in just few seconds through vast webs of internet. 

5G Wi-Fi technology is specifically suited for supporting driverless vehicles, commercially operated drones, surgical operations in real-time from remote locations, and extensively using Internet of Things (IoT), Cloud Computing, Augmented Reality, and Virtual Reality and this list goes on.

Businesses and institutions benefit from the deployment, allocation, distribution, and vast networking of 5G spectrum which include reduction in operating costs, increase in efficiency, productivity and effectiveness, use of IoT by 5G technology, that effectively supports in the detection of anomalies in the running functions of machines and equipment, controlling humidity and temperature in the factories, lands, and offices, finding frauds and thefts from remote locations, maintaining high speed of work and overall business efficiencies which combining result in maximizing revenues, sales, profits, and brand image on local and international scale.

Emerging Fast Paced World

5G wireless technology will change everything in today's modern world specially where constant communication and connectivity matter, so, this will help businesses to increase production, services, revenues, sales, profits, and persistent growth manifolds on local and international levels. 

Internet of Things supported by 5G frequency spectrum produces better results in real-time in which all objects, devices, machines, equipment, computers, applications, vehicles, wearables, phones, appliances, and unique identifiers are connected, integrated and effectively converted into smart unified vital force, so, automatic acts of sending, receiving, analyzing and processing of data are performed in real-time to make informed business decisions. 

Companies and institutions get maximum operational efficiency and productivity in their setups because all objects, devices, smartphones, computers, machines, equipment, applications, cities, vehicles, wearables, humans and animals are connected and integrated and they all are simultaneously communicating with each other in real-time through sensor based IoT technology backed by 5G, cloud computing, artificial intelligence, machine learning and deep learning. 

Future Business Opportunities

To increase connectivity, distribution, networking, and penetration of 5G frequency spectrum, operators are awarded contracts in different states, countries, and mega cities, so, to determine revenue generation in this technological segment, you can refer to the research of Statista which shows that the projected revenue of the global 5G market from year 2019 to year 2025 that is US$ 0.71 billion and US$ 23.95 billion, respectively.

Business Advantages

Complete deployment, networking, distribution and penetration of 5G wireless frequency spectrum combining with IoT, artificial intelligence, machine learning, deep learning, and cloud computing provide businesses and institutions great degree of benefits which include reduction in operational costs, maximizing sales, revenues, and profits, increasing efficiency, productivity, and effectiveness in the operational setups with enhanced speed.

5G technology can effectively help in monitoring valuable business assets, detecting irregularities in the functioning of machines and equipment, determining inventory level, recording temperature and humidity at factory and office, ensuring facial recognition at the premises to prevent thefts, ensuring technical and routine jobs, so, all these works can be effectively performed from remote locations in real-time and this list goes on.

5G technology increases productivity in the setups of companies and institutions, and they cab generate maximum number of products, services, and ideas in less amount of time, so, you know that in corporate environment time is considered money. 

Remote Function

To ensure remote function with accuracy, efficiency, zero latency and execution of job in real-time, application of 5G wireless technology is of paramount importance in the execution of surgical operations which can be done from any part of the world.

Companies take advantage in monitoring their production activities, controlling humidity and temperature at factory and storage areas, detecting unusual behavior of machines and equipment, ensuring surveillance and security checks, and reducing incidents of thefts, so, operational activities are accurately performed and effectively monitored from remote locations using IoT technology that is powered by 5G.

High Speed

Powerful 5G wireless technology ensures speedy data transfer of millions of terabytes within just few seconds through smartphones, devices, applications, and computers which will completely revolutionize the lives of billions of people all over the world. 

High speed bandwidth transmission powered by 5G significantly improves quality of internet which ensures seamless and uninterrupted communication and transfer of data such as voices, texts, audios, images, videos, infographics, pdf files, streaming and numerous online business applications.

Time Saving Technology

Companies and institutions are well positioned to take advantage of powerful 5G wireless technology because time is the only precious currency in business environment, so, 5G penetration, distribution, allocation, and vast networking ensure maximum amount of goods, services, and ideas in less amount of time through the extensive support from IoT and cloud servers.

Smart Transportation

To operate driverless car and commercial vehicles, it is extremely essential for enterprises to take advantage of 5G uninterrupted vast network, IoT, and cloud computing technologies. 

To operate driverless vehicles with zero latency rate is the main factor which hampers the growth and development of driverless vehicles. With the complete deployment, distribution, networking, and high penetration of 5G wireless technology, it becomes easier to manage driverless vehicles in the urban areas and highways to support logistics, other business needs, and social operations.

Delivery Operations of Drones

Businesses and institutions which rely on delivery of products in cities and far-flung areas, so, it becomes essential for them to operate commercial drones for arranging timely delivery of ordered products on right destinations with accuracy. 

To satisfy customers and transport their orders through drone services, it is extremely important for companies to use powerful 5G wireless technology in operating uninterrupted flight services of their drones. 

Good Customer Experience

With the complete deployment, networking, distribution, and implementation of 5G wireless technology over the vast geographical areas, digital service based companies provide high quality customer services because their clients can upload and download huge volumes of digital data such as videos, texts, audios, infographics, digital logos, documentaries, huge documents, pdf files in just few seconds with almost zero latency rate through their smartphones, computers and other smart devices.

Beneficial for Technology Companies

Companies which engage in developing hardware and software synchronizing with the 5G frequency spectrum technology, developing new gadgets, smartphones and other smart devices will fetch enormous business opportunities, as a result, their sales, profits, and revenues will maximize manifolds.

Enhanced VR and AR Experience

Those Companies which adopt and implement 5G technology that’s built on zero latency and high bandwidth provide quality customer services by using platform of augmented reality and virtual reality, so, customers can see and inspect products from different angles with enhanced user experience in three-dimensional augmented reality from remote locations, so, companies increase their conversion ratio, level of trust, customer satisfaction and, as a positive result, sales, revenues and profits maximize.

What is 5th Generation Technology?

Like previous wireless technologies that range from 1G to 4G, 5th Generation mobile wireless technology is based on the same principles i.e., radio waves which are naturally found everywhere around the earth environment and parts of electromagnetic spectrum, except one prominent quality, that is 5G technology transmits communication signals on much higher speed with zero latency rate in real-time than its predecessors.

The 5G technology is set to revolutionize and support the growing field of Internet of Things which tend to integrate and connect millions of smart devices, machines, equipment, unique identifiers, appliances, wearables, smart vehicles, commercial drones, computers, biochip transponders, and others, so, all of them are integrated and linked through sensor based IoT in real-time with zero latency rate.

There are two types of bands in 5G technology and ideal peak data range which are briefly described below for your benefit:

• Frequency Range 1 = 450 MHz to 6 GHz (includes range of 4G LTE)
• Frequency Range 2 = 24.25 GHz to 52.6 GHz

• Peak Data Rate of 5G = 20 Gigabits per second for downloading and 10 Gigabits per second for uploading as standardized by the International Telecommunication Union.

Conclusion

5G wireless technology is set to increase opportunities for big, medium, and small enterprises for enhancing their quality customer services, increasing sales and profits, maximizing revenue streams, building trust and corporate image, transacting online businesses in real-time on local and international scale.

Hope you have enjoyed this post! 😊