5G Could Add Trillions To The Economy

Whether you like 5G or feel that it is extremely hazardous, there is one thing that can be agreed upon. Its implementation will radically increase productivity, possibly to the tune of trillions of dollars.

The next generation of wireless communication is going to really take things to another level. Whereas, 4G was really just a juiced up 3G, this technology is a clean sheet design. It will not only eliminate the need for 4G but also WiFi.

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Companies are already getting into the act. Where the service is available, robots and other automation is being connected. It is estimated there will be 2.8 billion users by 2025.

We are seeing the beginning of the connected factory before leveling up to the "smart factory". This is what is expected to add so much economic output.

For close to a decade, we heard about a number of technologies that are going to change society. The Internet of Things, edge computing, AI, and autonomous vehicles are all destined to push things to a much higher level.

The construction of 5G technology could help each of these reach their potential.

This will only be the start. As we start to advance towards move futuristic things such as holograms and extended reality dressing rooms, 5G will play a vital role in that.

So far, the roll out is a bit delayed due to the coronavirus. However, Verizon, one of the main companies looking to implement it, claims it is ahead of schedule. AT&T is the other carrier that is investing a great deal into this technology.

Speed is the biggest selling point. A full length video can be downloaded on 5G in just a few seconds. This is required to push AI computing away from centralized cloud and out towards the edges. Autonomous vehicles, cannot rely upon data from a centralized server. It needs to near instantly interact with everything around it.

Ultimately, data will be fed to the centralized AI systems to for training purposes but then sent down to each vehicle and run locally.

The same thing will happen on our phones, providing people with more advanced services.

Improvements in logistics will likely speed up delivery of products. Here again, we can envision how this could be coupled with drones for automated delivery.

Ultimately, 5G could increase productivity to the point where it adds roughly 10% to the GDP of the United States. Countries such as China and Japan see the same opportunity. Both are reported to be outpacing the U.S. in implementation, with the later trying to catch up.

China made a commitment to radically advance itself through its commitment to technology. Smart factories are appearing all over the world yet the United States is below the global average. It is a country rivals South Korea and France in pulling from behind.

It is obvious now why companies are investing so much into 5G technology. The payoff can be enormous for both companies and carriers.

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Posted Using LeoFinance