5G – Which Industries Will It Impact The Most?

How we obtain internet services is constantly evolving. Our article ‘Does Your Business Need Fiber Internet Service?’ explores one of these advancements and discusses whether your business could benefit from fiber internet. The changing technology is certainly making it easier to do business across the U.S., and when the fiber isn’t available, 5G is having a big impact.

There’s plenty of talk about 5G technology, so what is it, and how will it change things? In short, 5G is the fifth generation of wireless technology, and it offers speeds that are faster than its predecessors, like 4G. An article at CNN explains the difference in speed between 4G and 5G: 4G can reach speeds of up to 200 Mbps, which is 0.2 Gbps, whereas 5G can reach speeds close to 20 Gbps. 5G is up to 100 times faster! With faster speeds comes increased reliability and a higher capacity to transfer more data across devices anywhere in the world!

While this sounds like an amazing breakthrough, we’re going to explore the real-world applications of this technology and how it’s changing major industries.

1. Agriculture

The agriculture industry is looking at ways to take advantage of this technology. Sustainability is crucial in modern-day farming, and smart farming is the new way to produce more with less. 5G technologies will allow farmers to monitor water usage, electricity, livestock movement, and even market prices, which will help businesses compete locally and internationally. 5G will be a game changer in the agriculture industry and allow farmers to double down on their business.

2. Online iGaming

The iGaming industry has been preparing for major upgrades as the transition from 4G to 5G progresses. Online poker, in particular, is in a good position to do so. More players than ever are heading online because of how Covid-19 impacted the poker industry; the online sector grew globally, albeit slightly less so in the United States, as people were confined to their homes. This increase in customer base means a big opportunity within 5G, as it can provide faster connections and support live games in live virtual casinos, like Big Spin Casino and Red Dog Casino. With 5G technology, poker players will get the best gaming experience possible.

3. VR Entertainment

The virtual reality (VR) entertainment industry has been preparing for 5G for quite some time. VR completely enhances any experience by immersing the user in a virtual world – to the point that the experience feels real! 5G can support the massive transfer of data and high-capacity upload and download speeds necessary to make the VR experience as mind-blowing as possible. Whether it’s a first-person shooting VR game like Call Of Duty: Infinite Warfare Jackal Assault VR Experience, or you’re paying a virtual visit to the Louvre Museum in Paris, 5G will push the VR experience up another level!

4. Banking

The banking industry has been preparing for the arrival and implementation of 5G, which will help streamline numerous processes. For example, finding and buying a car from a dealer requires filling out an application, doing a credit check, and seeking approval for financing. With 5G, all the processes from end to end can be accomplished in no time! It will be the same for buying a house and trying to secure a mortgage! 5G will enable and streamline the digital application process, so going all-in when a dream car or house is found will be possible.

5. Healthcare

Within the healthcare industry, telemedicine has become the new normal. Telemedicine is a way for patients to receive medical advice via teleconsultations and 5G will give a boost to the already booming industry. As a result of Covid-19 health protocols, “virtual” meetings have become the preference for routine check-ups for both patients and doctors, when possible. 5G will be instrumental in providing the fastest connection with increased reliability for meetings, thus making audio and visual reception crystal clear during virtual meetings based on real-time information – fast and accurate diagnosis from the safety of the patients’ homes is the modern way to receive healthcare.

Technology has already changed our lives, and 5G is about to give it another boost! These are only five industries we’ve touched on. Keep your eyes open for how 5G will change your life!