Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Business Intelligence: Will 5G Boost Small Business Success?
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > IT > Cloud Computing > Business Intelligence: Will 5G Boost Small Business Success?
Business IntelligenceCloud ComputingDecision ManagementITKnowledge ManagementMarket ResearchMobility

Business Intelligence: Will 5G Boost Small Business Success?

Ryan Kh
Ryan Kh
5 Min Read
SHARE

Many experts originally predicted that 5G technology wouldn’t hit the market until 2020. However, a recent announcement from Verizon states that it could test 5G as early as 2017.

Contents
5G Focuses on Needs of Business5G Allows Businesses to Connect to the “Internet of Things”How Will Things Change Under 5G?Existing Technology Hints at Coming Changes

Tech savvy business owners are looking into the benefits of 5G technology. How is it going to transform the way they operate? What should they do to prepare?

Many experts originally predicted that 5G technology wouldn’t hit the market until 2020. However, a recent announcement from Verizon states that it could test 5G as early as 2017.

Tech savvy business owners are looking into the benefits of 5G technology. How is it going to transform the way they operate? What should they do to prepare?

More Read

Image
Less Dogma Equals Better Decision Making
Big Data Is Changing Every Industry, Even Yours!
Personal Information Online: How Much is Too Much?
How Big Data is Changing IT Careers
They’re Baaaack! IT Spending in Retail Returns

5G Focuses on Needs of Business

Early adaptions of wireless technology focused on making life more convenient for consumers. Ericsson CEO Hans Vestberg said that 5G will be different. It will focus on solving the needs of businesses.

“2G, 3G and 4G were designed for consumers, with better throughput and higher speeds,” Vestberg said. “5G is designed for the industrial internet.”

Ericson is currently working on a new 5G infrastructure to benefit the wine industry. Other individual industries stand to benefit from their own 5G networks, which Nokia Networks and other providers will offer.

5G Allows Businesses to Connect to the “Internet of Things”

Previous generations of telecommunications technology focused solely on connecting different devices with each other. 5G will be radically different from them in many ways. One of the biggest changes will be by connecting users to the “Internet of Things.”

5G technology will enable users to connect with more than just mobile devices. Tata Consultancy Services states that users will also be able to connect with other things such as railways, houses and energy grids.

How Will Things Change Under 5G?

The development of 5G technology is expected to change the nature of small business in countless ways. Here are some possible changes on the horizon.

Interconnected Cities

5G technology will enable organizations to become more strongly connected to each other. This will lead to much more interconnected cities in countries that adapt 5G.

 Small businesses will be able to collaborate with each other more effectively and have a better idea about what is going on in their community. For example, a restaurant can use their 5G device to connect with the local subway system to find out if there are any technical problems that could cause delays that shift the morning rush.

More Extensive Industry Data

Small businesses have trailed their larger competitors in using data for optimizing their operations models. However, the rapid proliferation of wireless technology is rapidly changing that. They will be more data centric as 5G technology becomes commonplace. 

The deployment of 5G technology will give businesses much broader access to data. They can leverage data from their customers, competing businesses and global media to make more informed decisions.

Existing Technology Hints at Coming Changes

There are clearly a number of changes coming for small businesses as they await the introduction of 5G technology. Since 5G hasn’t officially been released, it is difficult to know what impact it will have on global small businesses. This is especially true since there is no unequivocal definition of 5G yet.

However, some of the changes in existing 4G technology can provide some hints about the coming changes. Here is a quote from the Federation of American Scientists about some of these changes.

“To accommodate the increased demand for mobile data communications from the existing consumer and business markets for mobile services and the coming wave of new users and uses, 4G technologies using standards such as Long Term Evolution (LTE), LTE Advanced, and the Institute of Electrical and Electronics Engineers (IEEE) 802.11 suite would need to become increasingly powerful. Needed breakthroughs are typically discussed as improvements in speed, capacity, and throughput; reduction in latency (time delays); and other performance criteria.”

The future of 5G will become more evident as businesses take new measures to accommodate the growing need for mobile data.

Share This Article
Facebook Pinterest LinkedIn
Share
ByRyan Kh
Follow:
Ryan Kh is an experienced blogger, digital content & social marketer. Founder of Catalyst For Business and contributor to search giants like Yahoo Finance, MSN. He is passionate about covering topics like big data, business intelligence, startups & entrepreneurship. Email: ryankh14@icloud.com

Follow us on Facebook

Latest News

data analytics and truck accident claims
How Data Analytics Reduces Truck Accidents and Speeds Up Claims
Analytics Big Data Exclusive
predictive analytics for interior designers
Interior Designers Boost Profits with Predictive Analytics
Analytics Exclusive Predictive Analytics
big data and cybercrime
Stopping Lateral Movement in a Data-Heavy, Edge-First World
Big Data Exclusive
AI and data mining
What the Rise of AI Web Scrapers Means for Data Teams
Artificial Intelligence Big Data Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

Factory-farm words

3 Min Read
Image
Security

After years in hiding, SQL Slammer worm returns with a vengeance

2 Min Read

Why Budgeting Is “Mission Critical” in Higher Education

5 Min Read

Cybersecurity legislation: Necessary governance or unnecessary control?

2 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive
data-driven web design
5 Great Tips for Using Data Analytics for Website UX
Big Data

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?