K
Kathleen Martin
Guest
- By Dr. Christopher Richard, MD & Chief Cloud Architect, G7 CR Technologies India 5G technology is picking pace and finding its way to sweep businesses by offering ultrafast transmission rates. According to a report by Grand View Research, the global 5G services market is expected to reach USD 664.75 billion. This is a compound annual growth rate of 46.2% from 2021 to 2028. In fact, the research firm also predicted the adoption of 5G and its use to grow in numerous industries, including agriculture, retail, and utilities. Many enterprises have already started to integrate 5G technology into their systems. As companies are nowadays dependent on a large amount of data, there is a need for cloud computing to make the data actionable. This is where the concept of 5G technology comes into place for offering faster connectivity rates that are expected to be at least a hundred times faster than the existing 4G. Many sectors like healthcare, BFSI, automotive, education, transportation, and eCommerce will be able to completely change the landscape of the businesses, which was earlier not possible with 4G. In fact, it is estimated that there will be over 1 billion connections of 5G by 2022 and 2 billion by 2025. Also, every two in five people would live within reach of a 5G network, reported by GSMA. No matter which industry it is, every tech and non-tech industry would look forward to shifting to cloud services along with 5G technology to compete with the industry leaders. The benefits of leveraging cloud computing and 5G technology are never-ending. With the upcoming release of 5G services, businesses will be able to take advantage of services like Multi-access Edge Computing (MEC), Mobile Cloud Computing (MCC), and different networking architectures. How is 5G technology transforming cloud computing? 5G technology accelerates businesses to achieve streamlined work processes with incredible speed and efficiency. Here are some of the transformation areas which companies are currently exploring:
- As 5G has faster data rates, it speeds up the analytics software and enables remote login.
- 5G technology lets you analyze big data at a lower price to streamline your business operations with extensive speed and high reliability.
- It enables edge computing to eliminate any latency associated with the data centers. Also, edge computing reduces data usage by 50%. Businesses can use 5G technology to enhance the significant capabilities of cloud computing technologies like AI (Artificial Intelligence) and NLP (Natural Language Processing).
- As 5G allows high-speed data transfer, much attention is paid to detecting and preventing cyber-attacks.
