Taken in tandem, 5G and IoT can empower telcos to become much more than bandwidth suppliers -- but the shift will require the right strategy, approach and vision.
Every 10 years or so, the telecom industry witnesses a new generation of mobile technology that promises a slew of improved features. Indeed, 2G, 3G and 4G have delivered effectively on most of those promises, primarily by offering faster data connectivity speeds. As a result, the industry has matured into a robust, reliable provider of connectivity services on the go.
With 5G, things are a bit different, as it has been defined and designed with a trifecta of capabilities:
To end consumers, these capabilities might merely mean faster video streaming. But when combined with the Internet of Things (IoT), this trifecta of capabilities assumes deeper significance. So far, the IoT has ridden on the availability of ubiquitous mobile connectivity and quickly proliferated across industries. A huge set of IoT-based devices, platforms and applications have emerged across the government, manufacturing, healthcare, financial services, life sciences and transportation sectors, among others.
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