What would the arrival of 5G mean for IoT?
In today’s rapidly advancing, hyper-connected and technology-enabled era, we all have witnessed multiple new inventions and disruptions, taking place from time to time, bringing about a whole realm of change tour entire technology-sustained ecosystem. When 4G technology made its way, back in 2009, it ushered in a wave of new internet experiences for the masses, which were driven by high speeds and great connectivity. Now, with the predicted roll-out of 5G or the fifth generation of wireless communications in 2020, the industry is certainly waiting for much more. Among many other areas of technology, the Internet of Things (IoT) would undergo some huge transformations that would be evident in the form of increased efficiency in all communication that takes place between sensors/ devices and enterprise applications. The Internet of Things is nothing but a growing network of physical devices that easily get connected to the Internet and also to each other, possessing the ability to collect and share large volumes of information/ data. These devices are the next-generation, smart devices which require the support of efficient networks to fully harness their potential. Interestingly, according to Bain & Company estimates, the B2B IoT market will surpass $300 billion by 2020. The arrival of 5G technology would bring inexceptionally fast speeds,maximum connectivity, ultra-low latency (targeted to be less than one millisecond), ubiquitous coverage, along with some other notable benefits which would make IoT far more superior and effective than what it is now. IoT devices would now become more efficient by getting integrated with this smart next-gen network, thereby delivering superior experiences. Device-to-device communication would become a smooth realty and the computing capabilities are likely to be fused with communications everywhere. The existing applications, products and features would get enriched and enhanced, and one could also witnessthe origin of various new IoT use cases, something which 4G could not enable. Another breakthrough advantage of using 5G would be the speed at which the data would get transferred. Large organizations of today rely on humongous volumes of data, which need to be shared or transferred speedily for effective functioning. Currently, IoT applications, which mostly rely on 4G networks to transmit data, take longer processing times due to the relatively low speed available. However, with the volume of data increasing each day, organizations have started to demand superior connectivity, something that 5G promises to offer. By transmitting data at a speed which is up to ten times faster than the prevailing 4G networks, it would enable organizations to take faster and more efficient decisions. Also, since the speed of transmitting data would be exceptionally high and the existing latency issues would be put to rest, organizations are expected to start deploying more of these connected devices. This means that we would witness a surge in the number of such devices used. Interestingly, by 2020, the number of connected devices is expected to exceed 30 billion, and a BI Intelligence’s estimate says that 22.5 billion IoT devices will be installed globally in 2021. Delving deep into the impact of this revolutionary network on IoT, all the devices that are built with sensors would be able to communicate and respond faster. Driverless cars, for example, are built in with cameras and sensors that are required to communicate with GPS and other sources, and therefore depend upon a lot of real-time data. The implementation of 5G technology could prove to be a boon in this case. The telecommunications industry would also reap significant benefits, as the 5G network would support the massive rise in wireless communications which are enabled by IoT. Mobile phones, as a platform would get further strengthened, and the flexibility and scalability of the existing mobile networks would be greatly enhanced. According to Machina Research, IoT will account for one-quarter of the global 41 million 5G connections in 2024.However, for these next-generation 5G networks to make a larger difference to the business community and to the entire ecosystem, there needs to be in place a robust strategy that could make the most of this next wave of disruption. One could see this as an investment that could lead to bigger breakthroughs andyield uber-productive results over the period of time. The industry is already gearing up to welcome the game-changing technology which could open up new sources of revenue for the businesses and put the country on the path of continuous economic growth.