The advances in 5G, their challenges and how to capitalize on them
13 de October de 2020
13 de October de 2020
Can you imagine getting in a car that takes you wherever you want just with a voice command? Or an oven that recognizes the dish it is cooking by itself and adjusts the temperature to optimize the baking? Yes, this may sound like science fiction but they are real projects in development and are now possible specifically because of one technology: the 5G network.
Rather than accelerating the connection, the 5G network represents an unprecedented advance in the digital world and, in particular, in the business sector. So, what challenges does this technology pose in a country like Spain and how can we take full advantage of it effectively? The lecturer on EAE Business School’s Master in Online Marketing and Digital Commerce, Ángel Barbero, answers these questions in an article in the 9th edition of the Talent Alumni Review.
Ready to find out more about this disruptive technology? Let’s get started!
1 - Speeding up and changeable
The process of implementing 5G technology in Spain and the rest of the world is happening in line with an approximate schedule, but it will gradually change and evolve. This will affect its reception from the general public, its geographical scope, quality, costs and, in general, all factors that may affect the ability to capitalize on its potential. As a result, making investments ahead of time is not a good idea but, at the same time, an increasing pace must be maintained.
2 - A potential as yet unknown
We do not know the advances and opportunities that the implementation of 5G will generate. Therefore, we have to monitor the sector and the evolution of the technology, the degree of maturity and implementation, the cases of use and, in general, all aspects that will be affected by it: customer experience, real-time applications, contents and technology, among others.
3 - The emergence of new services
One of the big challenges that 5G will pose is the possibility of developing new business models through the creation of services that were unthinkable before now. The sectors with the most potential in the short run are the 4.0 industry, telecommunications, health and leisure.
4 - The links between companies may change
The growth of network nodes based on the Internet of Things, as well as the construction of more complex architectures, will facilitate the functioning of the ecosystem in organizations. This will lead to the emergence of new models of relationships between companies and the incorporation of new startups, but also companies in other sectors that may appear in the new value chain and generate more open relations with the whole environment of the organization.