Mobile Revolution- World of ‘5G’ Wireless- Business Enabler, Disruptor: Drive $Trillions– Faster, Greater Connected World…

World is about to change– 5G is coming: Mobile technologies have transformed the way people– live, work, learn, travel, shop, stay connected… Not even the industrial revolution created such a swift and radical explosion in technological innovation and economic growth worldwide. Nearly all fundamental human pursuits have been touched, if not revolutionized by mobile…

According to Ericsson; in less than 15 years– 3G and 4G technologies have reached over 3 billion subscriptions making mobile the most rapidly adopted consumer technology in history… The shift toward mobile is reshaping world economic landscapes; mobile is not just an industry in and of itself, but it’s also the foundation upon which an impressive array of industries, new and old, take root and flourish…

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Globally mobile technology has emerged as the primary engine of economic growth, and stimulating enormous private-sector investment in R&D, infrastructure… and profoundly changing business and ways people live their daily lives everywhere… ‘5G’ is the name used as the next generation of mobile wireless connectivity… with the promise that it’s going to provide unbelievably fast broadband speeds, and many other unimaginable features…

According to Professor Andy Sutton; the aim of 5G is to be invisible– ‘just like electricity’… By year 2020, experts predict there will be over 50 billion connected devices worldwide through 5G wireless networks, including; homes, all types of vehicles, smart-phones, smart-watches, appliances, machinery, medical, sports, games… (you name it and ‘5G’ will be there) even smart clothes…

However 5G is a misnomer; the ‘standards’ (specifications) does not even exist yet, and it probably won’t for at for several years… Because it’s going to be very difficult for industry stakeholders to all agree (consensus) on one final set of ‘standards’… Hence today, 5G is only concept and one that needs to go from vapor-ware to real-world rollout in the next few years… And if the first 5G networks are to be rolled out by the projected 2020, the standardization (specifications) process must be completed within the next two to three years– the governing bodies for certification of standards, include; 3GPP, ITU, IEEE, as well as, universities, public bodies, special interests groups…

According to David Goldman; great mobile speed and functions comes at great cost, i.e., more than three times average monthly data plan in a single hour… so prepare for a truly shocking 5G wireless bill…

According to McKinsey Global Institute (MGI) Report: Globe trade is largely done by developed economies and large multinational companies… however more digital and mobile form of globalization is opening doors to– developing countries, small companies, start-ups… billions of people… Tens of millions of small, midsize enterprises world-wide have turned themselves into exporters by joining e-commerce marketplaces such as; Alibaba, Amazon, eBay, Flipkart, Rakuten… And today approximately 12% of global trade is done via international e-commerce…

Even the smallest enterprises can be global; 86% of tech-based start-ups surveyed by MGI report some type of cross-border activity, hence even the smallest firms can compete with the largest multinationals. According to MGI’s analysis, mobile communication (and even more with the promise of 5G connectivity), will raise world GDP by over 10%, over what would result in a world without it… mobile revolution of 5G will expand growth globally, and more important expose the world economies to– new ideas, research, technologies, talent, best practices…

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According to Juniper Research; a robust adoption of 5G service revenues is set to exceed $65 billion by 2025, compared to just $100 million during its first year of commercial services in 2020. This figure would represent approximately 7% of all operator-billed service revenues… Juniper notes that while the first commercial roll outs are expected in 2020; widespread adoption will not begin until 2025 when national spectrum licensing occurs over a period of years, as per 4G…

There seems to be growing consensus around defining the basic 5G standards (specification) in terms of technology performance, e. g.: ‘5G’ key standards requisites includes; network speeds of at least 10Gbps, 1ms latency or less, improved spectral efficiency, low energy consumption, longer battery life, 10 to 100x number of connected devices, along with improved reliability, flexibility…

Juniper Research found that 5G will not only enable faster connections but will act as a catalyst for a wide range of new consumer and enterprise experiences, including; data intensive and energy-efficient applications, high-definition 4K-8K video, self-driving cars, advanced virtual reality, and a sensory/tactile Internet with constant monitoring and controlling… Juniper estimates– companies will investing at least $25 billion in 5G technology research, trials and development over the next 5 years…

In the article Glimpse Into 5G Wireless World by Jeff Kagan writes: 5G is coming; whether you are a wireless carrier, handset maker, app developer, mobile TV provider, worker, investor, consumer… the world is about to undergo a major transformation… Several service providers have recently announced plans to start testing 5G technology within a year, projecting that wireless data transmissions will be 10 to 100 times faster, than with 4G networks… Industries with 5G will super-charge offerings, change-disrupt industries, markets…

Most industries will experience some type of reshaping as wireless carrier moves toward 5G– this change will pressure pay TV competitor to move into the same space, and those that don’t will simply lose market share. Tomorrow’s pay TV will look much different, e.g.; bold service providers who are ‘visionaries’ will create rules for the next wave of competition as the industry evolves to next level of performance… in turn, ‘follower’ companies will be forced to yield to this disruptive transformation and adapt their offering as they begin to lose market share… then there are the ‘lagging’ companies that simply won’t change and just vanish…

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In the article 5G Will Change The Way People Work, Shop, Park, Live by Fionna Agomuoh writes: A world with 5G mobile connectivity envisioned a future in which smart homes and driverless cars are commonplace, as consumers begin to see potential of a fully wireless economy… Manufacturers are taking different approaches to 5G: Some believe it should be a consolidation of 2G, 3G, 4G and Wi-Fi with some extra features, and taking the best of each technology… Others see 5G as a completely new platform that turbo-charges data speeds, reduces network latency… However when it does arrive, 5G networks will be able to support significantly more devices more than 4G networks, all at once…

Some of the more obvious implementations beyond connected cars, include; virtual reality, gaming, completely wireless offices, factory floors… The timetable for 5G will depend in part on market demand; some businesses are ahead of others in terms of consumers’ ready for ultra high-speed services… Hence, 5G will probably rollout at different rates around the globe, e.g.; currently many emerging markets are thriving on 2G and 3G mobile networks and are only just now embracing 4G… And consumers in markets where 4G networks are now prevalent may not see an obvious need for 5G until later… Whereas other consumers may see an immediate need for 5G type performance…

In the article Wireless Becomes Fourth Utility by Jeffery Steinheider writes: The next generation mobile 5G will be the wireless standard of the future. The wireless community is still debating the details of 5G, but the overarching goal is achieving the ultimate user experience. From a bandwidth perspective, the global objective of 5G is to deliver 100 Mbps for every business, every person, every where, every time… some experts referred to 5G as the ‘fourth utility’… it provides ubiquitous fast broadband access for business and individual worldwide…

5G is going to be the launching point for more application convergence. The market is already focused on mobile network convergence for many communications applications, but there is much more on the horizon… Most major economies around the world have already started to lay significant plans for 5G. Consortiums worldwide are being formed to determine the standards (specifications) that must be in place by 2020 to allow for the natural progression of 5G, e.g.; the European Commission has already allocated over €700 million as investment to enable 5G technology by 2020…

Embracing the mobile revolution: A better connected world is a smart world, one that drives the emergence of new business landscapes… Digital network technologies are developing much faster than predicted, e.g.; there is smart connectivity between people, between people and things, and between things and other things, which is propelling the world on a new journey… one that will see profound integration of digital with physical; the result is a revolution in business…

New trends will redefine the business landscape, in a world of infinite possibilities… 5G promises is a real game changer: The world will become much more connected as a result of this technology, e.g.; cars, appliances, wearable devices all communicating with one another… 5G will change the way people– work, shop, play, travel, socialize…

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One of the biggest benefits of 5G from a business standpoint is its ability to support far more devices at a single time than even today’s superfast 4G. This would potentially help enable business to move completely to the cloud, with more reliable connection speeds, wireless offices… There will be less worry about networks being overloaded, which is critical for eCommerce business and retailers reliant on high periods of traffic… also it will be much easier to target large groups of customers, e.g.; using interconnected neighborhoods and targeting ads to consumers based on their interests, location…

The one thing to realize is that 5G leads to increasingly intelligent devices– ‘Internet of Things’… and more connected business infrastructure worldwide… 5G is the promise of a mobile wireless revolution– if/when– it happens; will it be as advertised?