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The official definition of 5G specifies higher speeds and lower latency - the lag time between when a device asks for information and when it receives it, Médard explained.
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Later, 2G introduced messaging, 3G brought access to the internet, and 4G, which emerged around 2009, brought a leap in data download speeds, allowing users to do things like stream movies on mobile devices. New networks have emerged roughly every 10 years since 1980, when 1G came on the scene with large cellphones that only made phone calls. Here’s what businesses need to know to set themselves on a course for 5G success: From 1G to 5GĥG is the fifth-generation cellular network, as formally defined by global standards agencies. “I urge organizations and the whole ecosystem, from industry partners to universities, to have discussions across business and operational domains to better understand how 5G will transform their industries.”
Some 73% of 4G first-movers grew their market share after their 4G launch, and a 5G first-mover likewise will benefit, said Bardera, a graduate of the MIT Sloan Fellows program. “If you’re a business leader looking to use this network to provide some new services for customers, or if would like to create some new value that’s not possible today … all of this is possible with 5G,” said Athul Prasad, a student in the MIT Sloan Fellows program who is on sabbatical from Nokia, where he was the head of 5G business modeling and analytics.Ĭompanies that embrace 5G early stand to gain, said Diego Fernandez Bardera, a principal consultant at Ericsson who focuses on 5G and the internet of things.
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For users, which includes most businesses, “it’s likely you’ll get a rich set of offerings, and you’ll get better coverage,” said Médard, who leads the Network Coding and Reliable Communications Group at MIT’s Research Laboratory for Electronics.Īs the first 5G symbols begin to pop up on cellphones, it’s time for businesses to think about how to harness the possibilities. “What does this mean? It depends who you are,” said MIT electrical engineering and computer science professor Muriel Médard. Successful enterprises will tap 5G to boost “internet of things” applications, virtual and augmented reality, and larger-scale robot and drone deployments. What’s clear is that it’s ripe with opportunity for fields as varied as entertainment, manufacturing, health care, and retail.
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With experts expecting 5G to become widely available in the next few years, the full business impact of the network has yet to be seen. Some say it’ll spur a fourth industrial revolution.
Ads and headlines tout a 5G revolution that will change the way people live and work, through unprecedented digital speeds, reduced lag, and better connectivity for a broader range of devices. Most Americans have yet to use a 5G-connected device, but the next-generation cellular network is already generating buzz.
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