IHS Markit views 5G as a catalyst that will thrust mobile technology into the exclusive realm of general purpose technologies (GPTs). IHS Markit evaluated the potential of 21 unique 5G use cases that will affect productivity and enhance economic activity across a broad range of industry sectors. IHS Markit further examined the central role the 5G value chain will play in continually strengthening and expanding the current mobile technology platform.
Unlike its predecessors though, 5G is a technological paradigm shift, akin to the shift from typewriter to computer. And it isn’t just a network. 5G will become the underlying fabric of an entire ecosystem of fully connected intelligent sensors and devices, capable of overhauling economic and business policies, and further blurring geographical and cultural borders. It will be capable of delivering at every rung of the ecosystem’s ladder, and will provide seamless, continuous connectivity for business applications.
All industries will feel the effects of the shift to 5G. In particular, automotive, health care, and the Internet of Things (IoT) are expected to bring about dramatic transformations in our daily lives. For example, think about the relationship between the smart city and an autonomous car. With a 5G connection, your car will know your ETA at work, taking the optimal route based on traffic data communicated from other cars and the roadways. While a handful of companies are working on this level of automation, the ability to deliver this type of functionality at scale will require the marriage of intelligent devices and the 5G network.
In the enterprise, 5G will enable faster and cheaper network upgrades when using fixed wireless access. In this case, carriers would use 5G connectivity to replace a physical connection (such as fiber). Several carriers are looking at using 5G to solve the costly management, maintenance, and upgrade challenges associated with the portion of the telecommunications service that physically reaches the enterprise's premises.
For data centers and IT, the effect of 5G will be felt much quicker than many predict, especially in the data center. Current applications place strain on network infrastructure, but 5G will change how we build and enhance data centers in the future. In fact, IHS Markit views 5G as a catalyst that will thrust mobile technology into the exclusive realm of GPTs, a technology that has profoundly changed industries and economies.