What will be the economic impact of 5G
The Core Network manages all the data and internet connections for the 5G Wireless Technology. And a big advantage of the 5G Core Network is that it can integrate with the internet much more efficiently and it also provides additional services like cloud-based services, distributed servers that improve response times, etc. Another advanced feature of the Core Network is network slicing (Which we talked about earlier!!!).
5G service is already available in some areas in various countries. These early-generation 5G services are called 5G non-standalone (5G NSA). This technology is a 5G radio that builds on existing 4G LTE network infrastructure. 5G NSA will be faster than 4G LTE. But the high-speed, low-latency 5G technology the industry has focused on is 5G standalone (5G SA). It should start becoming available by 2020 and be commonly available by 2022.
5G technology will not only usher in a new era of improved network performance and speed but also new connected experiences for users.
In healthcare, 5G technology and Wi-Fi 6 connectivity will enable patients to be monitored via connected devices that constantly deliver data on key health indicators, such as heart rate and blood pressure. In the auto industry, 5G combined with ML-driven algorithms will provide information on traffic, accidents, and more; vehicles will be able to share information with other vehicles and entities on roadways, such as traffic lights. These are just two industry applications of 5G technology that can enable better, safer experiences for users.
5G Wireless Technology will not only enhance current mobile broadband services, but it will also expand the world of mobile networks to include many new devices and services in multiple industries from retail to education to entertainment with much higher performances and lower costs. It could even be said that 5G Technology as much as the emergence of automobiles or electricity ever did!!!
Some of the benefits of 5G in various domains are given here:
5G will make our smartphones much smarter with faster and more uniform data rates, lower latency and cost-per-bit and this, in turn, will lead to the common acceptance of new immersive technologies like Virtual Reality or Augmented Reality.
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