You have probably heard the phrase 5G wireless network technology being tossed around, but what does it mean exactly and why should you care about it within your own businesses?

To put it simply, 5G is the newest generation of mobile networks that have been created. This particular global wireless network has been designed to specifically connect everyone and everything together virtually. Yes, this also includes machines, objects, etc. How cool is that?

5G creates networking that is more reliable while creating massive wireless capacities. It is believed to be that 5G combined with already existing 4G LTE will be up to 20 times faster than 4G alone, making it the fastest wireless network that currently exists. This can and will improve browsing speeds and create an easy ability for multiple devices to run efficiently in the same area via the same tower. It has been proven that 5G technology can, first and foremost, help reduce costs while also increasing the production and efficiency of the company.

As you consider switching your business to this faster wireless technology, you will want to make sure that you budget. 5G hardware upfront can be a little more expensive to launch than 4G was, but it’s definitely worth it to help accelerate the growth and expansion of your business.

You will also want to make sure that you are working alongside engineers who can help you figure out the best way for you to utilize 5G in your business. For instance, if you’re working with machining, you will want to work with an engineer who can help you automate the system to develop the most efficient production moving forward in your company.

Lastly, be prepared for the data of your business to grow at a rapid rate. This can be accelerating but may get out of hand if you don’t make sure that you have the correct data analytics to accommodate the 5G wireless network installed. You will want to make sure that your company has the right tools in place that are capable of pulling the promising insights from this particular data.