Here’s this week’s rundown of our favorite pieces of 5G news and stories about emerging and innovative technologies. To follow the series, check back here every week and look out for #5Gin5 posts from @Facesof5G.
The Need for Speed – 5G is already making good on its promise of significantly faster speeds. A new report from OpenSignal, a wireless tracking firm, shows peak 5G download speeds in the United States are nearly three times faster than 4G. The U.S. is also leading the pack, claiming the top spot on speed in the world with nearly 2 Gbps, generously ahead of second ranked Switzerland and third ranked South Korea. Read more here.
That’s Trillion with a T – Louis Navellier, an investor, says “5G is a big deal. Whoever controls 5G will essentially control the internet several years from now” in a new piece for Nasdaq. As he goes on to talk about growth potential, he zeros in on opportunities in the Internet of Things and self-driving car spaces. With ultra-fast, highly reliable, fully responsive 5G networks supporting these spaces, he estimates they could be worth a combined $1 trillion. Read more here.
Fourth Industrial Revolution(izing) Retail – 5G has the potential to change the way we buy and sell goods. Take grocery shopping as an example: “Imagine walking into a grocery store, looking for an item, being guided to the exact location via in-store directions that are displayed in (augmented reality) on a smartphone or through a smart glasses experience, and when you get to the item – maybe a container of medicine or vitamins – the ingredients are displayed there in front of you, and instantaneously, you’re alerted to potential ingredients in the product that could flare up some allergy that you have, thus preventing you from a scary medical emergency,” said Dealerscope. Read more here.
A Health and Wellness Win – Now imagine saying “bye” to your doctor’s waiting room. The faster speeds and lower latency of 5G will help make more virtual appointments possible. In a similar vein, smart devices will monitor health conditions and send early warning alerts to patients and their physicians – helping them to get ahead of more serious problems down the road. While this is encouraging news in general, it’s especially good for seniors. Derek Long at Cambridge Consultants commented, “A lot of old people with these chronic ailments aren’t people who need to see a doctor, they just need somebody who can check up on them and see if they’re OK or if there’s anything they need… That’s the kind of thing that could certainly be done remotely.” Read more here.
Opening the Road to 5G – Consensus is building that 5G-based cellular vehicle-to-everything technology (C-V2X) for connected vehicles. The U.S. and China are backing it, and Europe seems to be leaning that way too. With that news, GSMA’s Mats Granryd said, “Just got back in the connected car race against the US and China. Thousands of lives and jobs will be saved with this cutting edge technology. Europe [will] also save billions of euros in a more seamless single market.” Read more here.