5G and the Internet of Things set off a new wave of revolution with immense value

In today's era, the fifth-generation mobile technology (5G) and the Internet of Things (IoT), as two macro technologies, have rapidly shifted from ideal vision to practical applications. 5G provides a download speed 2.7 times faster than 4G, and can send data for up to 1 million devices per square kilometer, while the current 4G network is 100,000 devices per square kilometer. These devices include not only smartphones and tablets, but also industrial sensors, wearables, medical devices, vehicles, and more, bringing unprecedented services and capabilities to businesses and governments.


Although we haven't seen these applications in the short term, their infrastructure has already been deployed and will continue to expand in the coming years. The number of IoT devices is expected to increase from 7 billion in 2018 to 22 billion in 2025. Market research agency Gartner predicts that by 2020, the number of connected devices will be 26 times the population, and consulting firm McKinsey reports that 127 devices worldwide are connected every second.

The exponential growth of 5G network connectivity has brought about technological transformation, similar to the transition from typewriters to computers, as it enables a single-function device (such as a pressure sensor in a pipeline) to perform digital automation services (such as detecting leaks and reporting to regulatory agencies Send notifications to alert third-party contractors asking them to fix).

Many people believe that 5G is more than just a network, it will build an entire ecosystem of fully connected smart sensors and devices. According to new research commissioned by the MIT Technology Review commissioned by Qualcomm, 5G's contribution to global GDP from 2020 to 2035 is expected to be close to the size of India's overall economy. From a revenue and cost perspective, manufacturing will benefit from 5G and the Internet of Things. In terms of revenue, these technologies will allow manufacturers to produce a large number of new connected products to create unprecedented services. For example, design and manufacture products with augmented / virtual reality (VR) capabilities to provide additional support services such as maintenance.

5G and the Internet of Things set off a new wave of revolution with immense value

In terms of cost savings, 5G and the Internet of Things will make smart factories possible. In smart factories, data from sensors can improve production line efficiency, reduce energy consumption, and achieve time-effective control of key operating processes. According to a recent report by Oracle Communications, 80% of 265 business leaders in 11 countries believe that 5G will reduce costs while generating new sources of revenue.

5G and the Internet of Things have the real potential to create smart cities, and new applications and services on smart city networks can improve citizens' living standards. If you are a sports fan, when driving to a sold out game, in a city equipped with 5G and IOT, you can receive real-time notification of available parking spaces on the way. Through video analysis and artificial intelligence (AI), traffic signals and traffic flow can be dynamically adjusted to reduce the idle time of cars before red lights, thereby reducing congestion and travel time. At the same time, safety is reduced and pollution is reduced by easing road traffic peaks.

Not only can connected car systems dramatically change the way we commute; it can also create more efficient, safer, and more automated transportation. Autonomous vehicles are expected to be a major use case for the Internet of Things and 5G. Not only does it provide autonomous driving capabilities, it also includes new services such as collecting more real-time granular data on car health and performance.

Some insurance companies have already offered discounts and concessions for drivers who drive safely based on data from in-vehicle terminals. Similarly, the 4S maintenance organization can also track the car's working conditions or faults in real time, actively notify the owner of the need for maintenance, and make maintenance preparations in advance.

Although manufacturers, software companies, and related research institutions (robot laboratories) have been cooperating and competing for years, trying to get commercially viable autonomous vehicles on the road. 5G offers new opportunities for deploying autonomous driving applications, even reaching the American Society of Automotive Engineers (SAE) autonomous driving levels 4 and 5. Unmanned and remote control on any road and under any conditions. Car owners can use or even rent such vehicles to provide carpooling services, which will greatly reduce the cost of owning a car.

5G's faster network speed and lower latency can allow doctors to treat patients remotely, reducing the risk of network power outages, disconnections and time delays. It will promote the adoption of telemedicine services, such as sharing large digital images to remote areas and performing remote robotic surgery.

Not only do these services save time and money, they can also save lives. 5G bandwidth allows large files (such as those generated by PET scanners) to be quickly transferred to experts for emergency remote consultation. A recent report released by Market Research Future predicted that from 2017 to 2023, the telemedicine industry will achieve a compound annual growth rate of 16.5% due to increased demand for medical services in rural and underserved areas. This can only be achieved through 5G and the Internet of Things.

Perhaps the future of this technology is to give people more autonomy. Anthem research shows that 86% of doctors say wearable health monitors increase patient participation in managing their own health. As a result, wearables are expected to reduce hospital costs by 16% over the next five years. Many people think that this is just the beginning of a technological revolution. 5G and IOT will give people a healthier, happier and more efficient living space. iJUNCO Tracking Report