Impact of 5G on Business

There are many challenges to address when we move towards 5G standard which demands much higher data rate, ult...ra-low latency, high reliability and security. As we know, fourth generation wireless communication technology LTE and LTE advanced has already been deployed all over the world. 5G – the fifth generation wireless technology requires a new standard to support ultra-fast, low latency services to customers.

The high speeds and low latency promised by 5G will propel societies into a new age of smart cities and the Internet of Things (IoT). Industry stakeholders have identified several potential use cases for 5G networks, and the ITU-R has defined three important categories:
1. Enhanced mobile broadband (eMBB) – enhanced indoor and outdoor broadband, enterprise collaboration, augmented and virtual reality.
2. Massive machine-type communications (mMTC) – IoT, asset tracking, smart agriculture, smart cities, energy monitoring, smart home, remote monitoring etc.
3. Ultra-reliable and low-latency communications (URLLC) – autonomous vehicles, smart grids, remote patient monitoring and telehealth, industrial automation etc.

5G Applications are triggering the digital economy growth through acceptance of digital payments, digital India initiatives in e-commerce areas, enabling the intelligent and intuitive capabilities through Smart Agriculture, Smart Cities, Tele-health, Smart Governance, Smart Manufacturing, Smart Entertainment and Skill Development areas.

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