Could 5G be the driving force around data creation and technological advancements?

5G technology, a breakthrough in wireless networks, is expected to be the next big advancements in business network communication. Many businesses these days are looking at the progress of this technology with anticipation and apprehension. 5G will deliver extensive gains and possibilities to enterprises, but it will also demand considerable changes in infrastructure at every level. Thanks to its higher speed and lower latency, this fifth-generation network is beneficial for data collection from various data sources. Meanwhile, as the proliferation of IoT is anticipated to generate 90 zettabytes of data by 2025, 5G promises faster and more reliable, real-time data to become available.

It provides significant network performance characteristic improvements over the previous generations’ networks. Evolving business models and intermediaries in the 5G value chain are intended to cater to the need for connectivity and for providing differentiated services to niche market segments and customers alike. Undeniably, the convergence of 5G, IoT and advanced data analytics is set to disrupt the business ecosystem. While data is the new oil for companies, the fifth-generation network will give companies the ability to perform data collection from various datasets in real-time.

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