With 5G, data will flow more quickly and with greater efficiency than ever before. The faster speeds, higher bandwidths and multiple connections 5G offers are going to make it possible for all sorts of insights into our world to be generated right away without any lag time between when they happen.
The demand for real-time data is only growing, and we’re seeing some companies take advantage by implementing automated systems. For example self-driving cars might be the most visible new example of this trend but it’s not just transportation that will see increased use – private networks or network slicing could also bring these capabilities closer to home in your everyday life.
The data-defined factory
In a world where data is being extracted from every corner of our lives, manufacturing companies will be one place that experiences the real-time revolution. A recent poll by Economist Impact and NTT found 25% automotive/manufacturing firms currently piloting private 5G networks; 59 percent expect them to have been deployed within six months – less than two years away! With these new technologies comes many benefits such as predictive maintenance applications for reducing downtime or energy efficiency improvements – among other things.
The industrial world is still largely unconnected, with only 10% of all equipment being IIoT-enabled and the installed base for “smart” machines even smaller.
Connecting the world of factory floors and offices is not easy, but it’s necessary if we want our supply chains to stay competitive. The primary challenge has been connecting these places with protocols that can handle data speeds up-to-date information while also being secure enough so no one unauthorized gets access or creates problems when they do get inside. A minute of downtime can cost $20,000 or more.
Using 5G to bridge the divide between private and secure networks is proving popular. For instance, Lenovo has run a trial with one of their major clients on using this technology in order to reduce energy consumption while increasing uptime- which they are also experimenting with by projecting how it can optimize corporate office space.
Live data streams will revolutionize the way we do business, from pharmaceutical companies who can produce medicines closer to patients and improve quality control while complying with regulations; all manner of industries like food production could benefit from real-time insight into their product’s safety. For instance: when there’s a recall on some shipment coming through our borders it costs $10 million dollars–but if you had access only 20 minutes before those products were due out then maybe something bad would have been discovered which prevented us from importing them at any cost.
Sustainability through data with 5G infrastructure
Metro-sized networks of smart meters and other devices will be linked into sprawling, efficient power balancing systems to lower costs while ensuring security.
The opportunity to supply power from a neighboring state in response to fluctuations and price signals will mean utilities won’t have so much demand. Consumers could also end up saving money on their bills because of this new system. But it all depends if we can get verification systems live first. The better visibility that comes with an accurate monitoring infrastructure would allow for more stability across different regions while also providing incentives such as rebates or cleaner air.
With the number of devices and data sources increasing, it is imperative that we find new ways to conserve energy. Conservation efforts will become more invisible as these advancements in technology allow us access not just one but hundreds or even millions of electric motors with ease – allowing for greater efficiency when using power plants’ capacity without expanding their size. Optimizing the world’s 800 million electric motors would free up enough electricity which can then be used by households throughout America and Germany.
The 5G infrastructure that will be built for this new generation of mobile internet could also provide faster broadband services through the same networks. Some coops, such as Tennessee’s EPB (Electric Power Board), already offer their customers an opportunity to get both types on one bill with smart metering – saving consumers money on their monthly bills.