Each new generation of communication networks allows technology to flourish.
When 5G becomes available by the end of this decade, what will it mean for small business owners and the tools we rely on?
With data transfer rates greater than tens of megabits per second, 5G will be 1,000 times faster than what we currently experience. This will make the possibilities for communication and marketing endless.
Here are five ways 5G could help you bring your business to the next level:
1. New Ways To Communicate With Clients
One of the first ways 5G could open up business prospects is through the capability of new forms of communication.
If you’re an entrepreneur, blogger or small business owner of any kind, you probably already rely on services like Skype and WhatsApp to stay connected to your contact list.
The mega-fast speeds of a 5G connection will enable new forms of communication.
Think 3D holographic phone calls, rather than just flat streaming video.
This will make virtual meetings increasingly life-like.
2. A More Reliable Connection
To make calls like that or to keep up with website updates, you also want to have a network that’s not going to suddenly drop out on you.
In order for 5G to work the way proponents want it to, it will need to be configured so data connection drop-outs will be eliminated.
Many are talking about how 5G will lead to self-driving cars, smart cities and remote surgeries. But these are the types of technology in which a sudden drop in data could be deadly.
Lower latencies are essential to 5G, and small business owners will reap the benefits.
3. Fully Synchronized Devices
Companies like Nokia Networks are currently working on 5G. These brands also talk a lot about the “Internet of things,” and how this technology will allow devices to communicate with one another.
Machine-to-machine communication is beneficial to business owners both great and small.
It allows you to keep track of all of your transactions with wearable devices, and automatically sync up all your electronics instantly.
4. New 5G-Enabled Marketing Opportunities
Another potential benefit is the ability to reach a whole new range of customers.
Think about the targeted ads businesses now use to reach customers online. They use browsing habits and data.
When entire cities are connected, you can target larger groups of customers, depending on their daily shopping and personal habits.
5. A Global Standard Of Networking
Finally, if you travel a lot for business, you’ll be in luck with a global 5G standard.
The World Radio Communications Conferences have led to various countries agreeing upon which radio frequencies and spectrum bands will be used.
This ensures a 5G phone will work equally well in any member country, without dropping calls and features.
The switch from 3G to 4G has enabled businesses like Netflix (which require high-speed connections) to thrive.
If you’ve got your eye on a future entrepreneurial plan, it’s possible the move to 5G will open up new business possibilities altogether.
So, in addition to all the potential benefits mentioned above, this could get your creative juices flowing.
However, all of this remains to be seen, as 5G technology is purely speculative.
In the meantime, you have a few years to start brainstorming.