The promise of 5G includes faster internet, greater mobile
connectivity for businesses, and the ability to take futuristic digital
experiences like VR and AR mainstream. With such limitless potential,
the question becomes just how 5G will change the way people use their
devices.
To find out what’s coming, I asked a group of entrepreneurs from YEC the following question:
How do you see 5G changing the way consumers or businesses use the internet in the next five years?
The
faster your internet the more you can do with it. Faster internet will
allow consumers to use live video while consumers and brands interact on
a real-time basis. There will also be more virtual reality
opportunities on the go with 5G. Live streaming video can still be
unstable with 4G, but when 5G emerges we will reach speeds that allow us
to truly become one with our customers. – Joe Apfelbaum, Ajax Union
It’s estimated by the year 2020, 90 percent of
people over 6 years old will have a cell phone. This means that if
you’re not focused on making your business experience better on mobile,
you’ll miss out. Millennials like myself give something a try. You have
five seconds of our attention. If your website, app or business doesn’t
work, I’ll never use it again and make sure my friends don’t either. You
have only one chance. Make sure everything loads fast, works right and
is catered to the 50 percent of the world’s population under 30 years
old. – John Rampton, Due
5G
will bring wireless internet to businesses everywhere. Instead of
having cables connecting your business to the internet, 5G will open the
way for your business to consume the internet in more ways. Not only
will you not be tethered to a wired system, but your workforce can take a
broader bandwidth with them out in the field, giving you greater
mobility and faster internet. 5G opens the door for truly wireless
connectivity everywhere. – Nicole Munoz, Start Ranking Now
Usually,
when businesses or consumers send reports to developers after software
crashes, diagnostics can take up to two hours. Withthe prevalence of
Smart technology, we’ll be looking at the connectedness of driverless
cars, smart homes and meters all accessible from one point. So for
instance, if a washing machine malfunctions, it will be cheaper for the
consumer to fix it instead of hiring a professional, simply by sharing
the data from the machine through the cloud. Consumer technology will be
able to save energy depending on the scenario and machines will be more
intuitive. – Cody McLain, SupportNinja
Obviously
mobile will rule the business space, but other technologies, like
augmented reality and virtual reality, will also become mainstream and,
most importantly, will change marketing as we know it. The term ‘digital
experience.’ which is considered just jargon today, will become
associated with tangible ROIs. (Think live walking directions, on-the-go
product prices, hologram video conferencing, etc.) As marketers, the
world of online marketing as we know it will seep into a new realm. It
just furthers the thought that all businesses must invest in futuristic
digital marketing strategies. – Pratham Mittal, Outgrow
To
fulfill its true potential, augmented reality needs a lot of processing
power. For the foreseeable future, battery and processing constraints
will limit on-device capabilities. Today, we have the cloud, but there’s
a limit to how much real-time cloud processing we can do with current
bandwidths. 5G could change all that, allowing for real-time cloud
processing and truly responsive augmented reality applications for
mobile devices. – Vik Patel, Future Hosting
As
internet speeds increase because of innovations with 5G and beyond,
there will be a number of very large industries that I expect will move
almost entirely to mobile. One of the areas I see firsthand where people
prefer mobile is online travel. With the success of mobile travel
companies like HotelTonight (which is entirely mobile), consumers are
sending a message that they want to leverage thebest of mobile, such as
GPS sorting of hotels, access to real-time inventory, and deep discounts
through auction-style pricing. As mobile speed flourishes, so will
mobile travel. – Obinna Ekezie, Wakanow.com
Look
to South Korea, where more people per capita use the internet than
elsewhere. South Korea is the world leader in internet speed with an
average of 26 Mbits/s, twice as fast as the U.S. The material impact of
faster network access is that more people go online. That’s why Google
spends billions of dollars each year making the search results faster.
Furthermore, it allows people to move to mobile-first, or mobile-only,
and give up desktops and broadband. This lower cost of entry to
high-speed internet only increases the pool of internet uses. Whether
for B2C or B2B, this all just increases the size of the addressable
market. – Fan Bi, Blank Label
With
faster reliable 5G internet communications, we can see larger sets of
video content in live video, virtual reality and augmented reality being
delivered in different consumer mobile hardware. Additional data can be
sent, processed and crunched in real time for applications in medicine
including medical imaging, expert systems, and other autonomous systems
that can utilize intensive data processing and real-time computing of
large video, images, and other data capturing sources. – Nemoy Rau, US Biometrix
The
companies that choose to embrace 5G mobile technology could not only
decrease their operation costs internally, but also increase their
connectivity among employees that either work remotely or travel
frequently. With 5G projecting to be 40 times faster than 4G, businesses
will be able to utilize the new speeds as well as the rise of IoT to
change the way they do business with their customers and employees. – Anthony Pezzotti, Knowzo.com
With
current mobile technology, there’s still a clear divide between
on-device storage and processing, and cloud storage and processing. 5G,
with its much greater bandwidth, is likely to marge that difference. The
cloud will always outpace on-device capabilities, but with bandwidths
orders of magnitude faster, it won’t matter. Every application on a
mobile device will have real-time access to almost limitless storage and
processing power. – Justin Blanchard, ServerMania Inc.
High
bandwidth and video content will become much more prevalent. Right now,
companies focus on page speed load times to make it work fast on mobile
networks. With 5G, bandwidth shouldn’t be a concern. The use of video
content will explode with 5G, as will thepresence of 3D content. These
content types will expand the type of content and how it’s presented,
giving brands a lot more flexibility to deliver rich mobile experiences
that are currently limited by today’s bandwidth. – Dan Golden, Be Found Online
To find out what’s coming, I asked a group of entrepreneurs from YEC the following question:
How do you see 5G changing the way consumers or businesses use the internet in the next five years?
1. Faster internet means more real-time connections
The
faster your internet the more you can do with it. Faster internet will
allow consumers to use live video while consumers and brands interact on
a real-time basis. There will also be more virtual reality
opportunities on the go with 5G. Live streaming video can still be
unstable with 4G, but when 5G emerges we will reach speeds that allow us
to truly become one with our customers. – Joe Apfelbaum, Ajax Union2. Mobile will dominate
It’s estimated by the year 2020, 90 percent of
people over 6 years old will have a cell phone. This means that if
you’re not focused on making your business experience better on mobile,
you’ll miss out. Millennials like myself give something a try. You have
five seconds of our attention. If your website, app or business doesn’t
work, I’ll never use it again and make sure my friends don’t either. You
have only one chance. Make sure everything loads fast, works right and
is catered to the 50 percent of the world’s population under 30 years
old. – John Rampton, Due3. Internet connectivity will become wireless
5G
will bring wireless internet to businesses everywhere. Instead of
having cables connecting your business to the internet, 5G will open the
way for your business to consume the internet in more ways. Not only
will you not be tethered to a wired system, but your workforce can take a
broader bandwidth with them out in the field, giving you greater
mobility and faster internet. 5G opens the door for truly wireless
connectivity everywhere. – Nicole Munoz, Start Ranking Now4. Faster troubleshooting in the IoT
Usually,
when businesses or consumers send reports to developers after software
crashes, diagnostics can take up to two hours. Withthe prevalence of
Smart technology, we’ll be looking at the connectedness of driverless
cars, smart homes and meters all accessible from one point. So for
instance, if a washing machine malfunctions, it will be cheaper for the
consumer to fix it instead of hiring a professional, simply by sharing
the data from the machine through the cloud. Consumer technology will be
able to save energy depending on the scenario and machines will be more
intuitive. – Cody McLain, SupportNinja5. 5G will bring newer realities to life
Obviously
mobile will rule the business space, but other technologies, like
augmented reality and virtual reality, will also become mainstream and,
most importantly, will change marketing as we know it. The term ‘digital
experience.’ which is considered just jargon today, will become
associated with tangible ROIs. (Think live walking directions, on-the-go
product prices, hologram video conferencing, etc.) As marketers, the
world of online marketing as we know it will seep into a new realm. It
just furthers the thought that all businesses must invest in futuristic
digital marketing strategies. – Pratham Mittal, Outgrow6. There will be augmented reality everywhere
To
fulfill its true potential, augmented reality needs a lot of processing
power. For the foreseeable future, battery and processing constraints
will limit on-device capabilities. Today, we have the cloud, but there’s
a limit to how much real-time cloud processing we can do with current
bandwidths. 5G could change all that, allowing for real-time cloud
processing and truly responsive augmented reality applications for
mobile devices. – Vik Patel, Future Hosting7. Certain industries will move to be completely mobile
As
internet speeds increase because of innovations with 5G and beyond,
there will be a number of very large industries that I expect will move
almost entirely to mobile. One of the areas I see firsthand where people
prefer mobile is online travel. With the success of mobile travel
companies like HotelTonight (which is entirely mobile), consumers are
sending a message that they want to leverage thebest of mobile, such as
GPS sorting of hotels, access to real-time inventory, and deep discounts
through auction-style pricing. As mobile speed flourishes, so will
mobile travel. – Obinna Ekezie, Wakanow.com8. The size of the addressable market will grow
Look
to South Korea, where more people per capita use the internet than
elsewhere. South Korea is the world leader in internet speed with an
average of 26 Mbits/s, twice as fast as the U.S. The material impact of
faster network access is that more people go online. That’s why Google
spends billions of dollars each year making the search results faster.
Furthermore, it allows people to move to mobile-first, or mobile-only,
and give up desktops and broadband. This lower cost of entry to
high-speed internet only increases the pool of internet uses. Whether
for B2C or B2B, this all just increases the size of the addressable
market. – Fan Bi, Blank Label9. Currently untapped applications will emerge
With
faster reliable 5G internet communications, we can see larger sets of
video content in live video, virtual reality and augmented reality being
delivered in different consumer mobile hardware. Additional data can be
sent, processed and crunched in real time for applications in medicine
including medical imaging, expert systems, and other autonomous systems
that can utilize intensive data processing and real-time computing of
large video, images, and other data capturing sources. – Nemoy Rau, US Biometrix10. Businesses will decrease operational costs while increasing connectivity
The
companies that choose to embrace 5G mobile technology could not only
decrease their operation costs internally, but also increase their
connectivity among employees that either work remotely or travel
frequently. With 5G projecting to be 40 times faster than 4G, businesses
will be able to utilize the new speeds as well as the rise of IoT to
change the way they do business with their customers and employees. – Anthony Pezzotti, Knowzo.com11. There will be seamless cloud and device interaction
With
current mobile technology, there’s still a clear divide between
on-device storage and processing, and cloud storage and processing. 5G,
with its much greater bandwidth, is likely to marge that difference. The
cloud will always outpace on-device capabilities, but with bandwidths
orders of magnitude faster, it won’t matter. Every application on a
mobile device will have real-time access to almost limitless storage and
processing power. – Justin Blanchard, ServerMania Inc.12. There will be a focus on video content
High
bandwidth and video content will become much more prevalent. Right now,
companies focus on page speed load times to make it work fast on mobile
networks. With 5G, bandwidth shouldn’t be a concern. The use of video
content will explode with 5G, as will thepresence of 3D content. These
content types will expand the type of content and how it’s presented,
giving brands a lot more flexibility to deliver rich mobile experiences
that are currently limited by today’s bandwidth. – Dan Golden, Be Found Online
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