How Businesses Could Benefit from 5G IoT Synergy
In this Article
1.1. What’s going on?
1.2. What does it mean?
2.1. Smart Buildings
2.2. Supply Chain
5G, IoT, AI, AR/VR… Did you think about what business can achieve by applying them simultaneously? - Probably yes. But for the majority, it’s still about suggestions and potential scenarios.
We’re used to separating Industry 4.0 technologies, digging deeper into each concept, and talking about its capabilities. It’s reasonable because it all depends on specific business requirements. Some enterprises include IoT implementation in their strategy. Others prefer to focus on 5G. They set priorities.
Anyway, eventually, after the IoT implementation, you’ll face the necessity of empowering your enterprise with 5G. It will add at least 100x points to previous IoT efficiency! Then, you’ll discover that the current technology base can’t cover your fast-growing needs and pay attention to the AI. The development will go on.
Look, everything is intertwined.
Here, I suggest you check this hypothesis by taking the double power of 5G IoT as an example. Scroll down to discover how this synergy might upgrade construction, manufacturing, and logistics industries.
Telecom Offers a Double Power or What 5G IoT is Capable of
What’s going on?
Wireless connectivity by telecom operators has a new IoT face. Now, it can boast of an extra-speed, upgraded bandwidth, and powerful coverage supporting billions of operations worldwide.
At last 5G became more available, and CSPs like Orange and AT&T rushed to offer IoT solutions empowered with 5G. For example, recently, Verizon launched the ThingSpace service. The company announced that certified IoT devices can access Verizon’s 5G Nationwide network.
What does it mean?
Option A. This way, telecom operators continue to strengthen their position as a vital link in cross-industry partnerships. They create timely commercial offers to help other enterprises open a blue ocean of opportunities.
Option B. Companies should get ready for fierce competition because there are a lot of entities willing to kill two birds with one stone. Just imagine what a crazy profit this approach can bring to businesses!
5G IoT for Various Industries: Use Cases
Let’s go back to Verizon and its innovative ThingSpace.
T.J. Fox, Business SVP of Industrial IoT and Automotive at Verizon, noticed that some home security companies have already used ThingSpace.
McKinsey reports it will be one of the most widespread ways to use 5G IoT for smart facilities. The company predicts that construction and other enterprises serving buildings will install HD cameras for public safety and intelligent sensors for environmental monitoring. Mixed capabilities will allow managers to collect data in real-time and act following the situation.
It’s a grand step not only for regular smart home occupants but also for businesses and state bodies managing offices, campuses, hospitals, etc. Real-time data transfer can work wonders: from ensuring convenience to life-saving.
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Did you hear about a supply chain digital twin? - 5G-enabled IoT sensors can make it better. The upgraded technology allows managers to track routes and storage conditions more accurately. They will see the bigger picture in real-time.
It would be easier to change the supply chain in a non-risky manner. Companies can avoid extra trips and wasting resources because of advanced visibility or timely notification of unexpected events during the shipping.
5G IoT will also bring an opportunity to create proper predictions that can prevent accidents or damages.
You may also like: IoT Predictions are the Power. Data Scientists Explain Their Value for Business Development
5G IoT can turn the dream about smart factories into reality. Companies have been using these technologies to run robots, implement advanced systems and machines, etc. But their operation under one roof allows manufacturers to achieve an ideal of a smart factory concept: just a building, intelligent systems inside and working from home specialists who can control machine operations over the air.
It’s handy to shadow Bosch to discover how the 5G IoT can upgrade manufacturing business development from the operational area to the marketing one. They bet on it in 2014 by including it in their development strategies. Now, it’s one of the most innovative manufacturing enterprises worldwide.
Dr. Andreas Müller, Head of communication and network technology at Bosch, once said,
“Bosch is an IoT company. We offer solutions for connected mobility, homes, and factories. All these are areas in which 5G will be used to deliver added value. In doing so, it has enormous disruptive potential: not only will it enable completely new technological solutions and business models, but it will also trigger fundamental changes to established value chains.”
You may also like: How Does 5G Transform Manufacturing?
The Bottom Line
Following predictions, sales of B2B 5G IoT units will grow to 250 mln annually by 2030. It means that it’s just the beginning of 5G IoT popularity. So, it’s time to use a chance and go beyond the competition.
As seen, 5G-enabled IoT sensors & devices are much more versatile and powerful than regular ones. But one thing is unchangeable. Enterprises should care about a robust management platform to ensure their efficient operation.
If you’re looking for a proper way to receive this solution - let us know. Our experts will advise you on the creation of a 5G IoT device management tool with the XME.fast code platform.