How enterprises can use 5G technology to expand their business

5G is the next evolution of mobile networks. In addition to being much faster than the previous 4G, it offers tremendous opportunities for businesses to expand their operations. 5G will not only mean faster speeds, less latency, and more capacity, and it will also open up a new world of applications, from smart cities, driverless cars, innovative healthcare, online learning, remote-controlled robotic surgery to virtual reality (VR)/retail and augmented reality (AR) in gaming.

How can companies leverage 5G technology to enhance their business?

5G is a true game-changer, with its enhanced connectivity and ultra-low latency revolutionizing the way businesses operate. 5G has the potential to unlock endless possibilities and drive innovation. Your organization can begin to leverage 5G strategies to disrupt the competition and outpace it, unleash innovation, and even transform business operations.

How can companies leverage 5G technology to enhance their business?

1) 5G empowers businesses to disrupt the competition

5G technology enables your business to launch new products/services and leverage real-time data and actionable insights from your customers.

2) 5G unleashes a new wave of innovation

5G technology enables businesses to deliver an immersive customer experience with ultra-low latency. Many retailers are blending physical and virtual experiences as they develop 5G-enabled VR headsets that immerse customers in virtual showrooms of their products. 5G brings together retail’s physical and digital worlds to engage customers and scale their business.

3) 5G enables business operations transformation and automation

Businesses increase productivity by connecting devices and save money by automating operations. 5G technology enables manufacturers to build smart factories and leverage automation, artificial intelligence, and the Internet of Things (IoT). Manufacturers connect machinery and robots wirelessly to increase productivity and reduce costs.

5G technology is critical for IoT, big data analytics, smart cities, and AR/VR development

5G technology is synonymous with a range of exciting possibilities critical to developing the IoT, big data analytics, and smart cities.

1) The world is shaping up around IoT technology: 5G is designed for many connected devices, from simple, stationary low-power sensors to always-moving self-driving cars and drones.

5G technology is critical for IoT, big data analytics, smart cities, and AR/VR development

5G technology includes instant connectivity to billions of devices to build a truly connected world. There is no industry that the IoT will not affect, from manufacturing to retail, healthcare, and more.

2) Big Data Analytics

Combining 5G, IoT, and artificial intelligence opens up new opportunities for big data analytics. Thanks to its high bandwidth, low latency, and ability to support higher point densities, 5G will enable companies to collect more data, analyze it faster, and make better predictions.

Big data analytics involves examining large amounts of data and providing companies with insights to make the right business decisions. With proper customer data analysis, companies will have the ability to gain critical behavioral insights to acquire new customers and increase revenue.

At NDN Group, we help your business leverage data analytics to gain insight into customer insights and enable your business to deliver what your customers want.

3) 5G and intelligent cities are inextricably linked

5G connects intelligent cities to enable large-scale real-time management of transportation, healthcare, education, resources, power, public security, and the environment.

5G and intelligent cities are inextricably linked

As smart homes advance, numerous possibilities from sleep tracking to diet, exercise, entertainment, and security will become commonplace, creating new business opportunities. In addition, the stable connectivity and high bandwidth of 5G support online learning. Learners can access a vast array of online courses and even participate in real-time classes remotely.

What is network slicing, and what are the benefits in the 5G era?

One of the essential innovative design aspects of the 5G architecture is its reliance on network slicing, which allows operators to provision parts of the network for specific customer use cases.

5G network slicing will enable enterprises to enjoy connectivity and data processing tailored to their specific requirements and agreed upon with operators through service level agreements (SLAs). Without network slicing, 5G’s promise of flexibility, optimal resource efficiency, and ROI cannot be realized.

Network slicing allows mobile operators to create specific virtual networks that cater to particular customers and use cases. Applications – such as mobile broadband, machine-to-machine communications, i.e., manufacturing, logistics, or smart cars – will benefit from leveraging different aspects of 5G technology.

By creating individual slices that prioritize specific resources, operators can provide tailored solutions for particular industries, revolutionizing marketing, AR, eSports, and mobile gaming. Network slicing is an exciting step toward realizing new business opportunities in the 5G era.

Learn more about how you can harness the power of 5G networks to enhance your business.

How is 5G technology being applied to vertical industries?

How is 5G technology being applied to vertical industries?

The far-reaching impact of 5G is widely visible in industries such as innovative health, manufacturing, entertainment, retail, fintech, and automotive. Entrepreneurs must use technology to drive business and generate revenue growth.

1) Smart Health

Smart Health

With 5G technology, new innovative health use cases are emerging, such as telemedicine, telesurgery, and intelligent medical devices. 5G mobile services will provide remote diagnosis and support to caregivers more effectively.

5G allows for cost-effective and direct-to-consumer healthcare to be delivered seamlessly, as it is no longer limited to traditional face-to-face consultations in healthcare facilities.

Telesurgery can benefit from 5G’s low latency and high bandwidth, allowing surgeons to perform real-time procedures without a remote control even when they are not in the exact location.

2) Entertainment and Gaming

5G presents many entertainment, gaming, and eSports industries opportunities. 5G will enable on-demand entertainment anywhere, making it more dynamic and immersive, and eSports is a prime example of a use case that is dramatically improved by fast, ultra-low latency and massive capacity. Eliminating latency issues will deliver higher resolution VR games to the masses.

3) Retail

5G technology is changing the retail landscape. For example, every time a customer wants an item out of stock – whether it’s a T-shirt or a food item – the retailer loses revenue from potential sales, but customer satisfaction also decreases. By using IoT embedded sensors, retailers can view inventory in real-time, resulting in faster response times and replenishment times.

4) Fintech

Fintech companies challenge traditional or legacy banks by providing a better online customer experience through 5G. The demand for a seamless digital banking experience will transform banking services. Online transfers, payments, and purchases of banking products will become the norm. IoT devices such as smartwatches and smart wallets will use 5G to enable faster and more secure banking.

5) Manufacturing

With the 5G architecture, the manufacturing supply chain will be interconnected. Data will be shared across locations about critical aspects of the business, such as design, manufacturing and distribution, equipment and product information, and even data about customers and suppliers. Operations in all these areas can be significantly enhanced.

 Manufacturing

6) Automotive

5G networks will be a massive enabler for self-driving cars. The technology is rapidly evolving to support the future of self-driving vehicles. Many other developments in-vehicle technology, network speed, data throughput, and machine learning are converging to enable the end of fully autonomous cars ultimately.

In short, 5G technology is helping companies improve efficiency, activate automation, enable innovation breakthroughs, and reduce costs. 5G creates tremendous opportunities for companies to expand their businesses. For business leaders, it is critical to develop a 5G strategy and accelerate revenue growth.

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