5G network technology deployment is eagerly awaited as it promises to provide faster wireless connections than ever before. Countries such as the United States, the United Kingdom, China and South Korea have begun testing 5G networks in patches. Many smartphone companies have already launched 5G compatible devices. India’s government telecommunications services i.e. BSNL (Bharat Sanchar Nigam Limited) has started its venture into this new arena. The head of Ministry of Communications and the Minister of Information technology, Law and Justice Ravi Shankar Prasad, gave a green signal on 5G trials to private players of Airtel, Jio, Vodafone and Idea, creating a cut-throat competition amongst the smartphone’s companies.
Since India is the world’s seventh largest economy, 5G will enable it to expand and amplify a broad range of business platforms, opening doors to new possibilities to even small business enterprises. An estimate made by the Department of Telecommunications (D.O.T.) states that the expected economic impact is to be over $1trillion and by 2026, it has also been anticipated that 5G will generate the business opportunity of worth $27 Billion in India. While there are reports asserting that by 2026, there will be a $619B revenue opportunity for telecom operators. It has given a wide platform for numerous manufacturing industries to put beneficial use of technologies such as automation, augmented reality, etc. It has expanded a scope of innovation in technology which in turn will help the manufacturer to increase their efficiency and productivity. Furthermore, unifying Artificial Intelligence with 5G will alter the course of our forthcoming technology. As Artificial Intelligence can be commanded through the 5g platform as it provides low latency in the transfer of data Artificial Intelligence, with 5G it will be able to deliver accurate and reliable data within seconds.
China continues to lead in advancing in assembling AI with 5G. Chinese owned telecom operator, Huawei has obtained 46 commercial 5G contracts from 30 different countries. It has also shipped more than 100,000 5G stations globally.
Merging the Internet of Things (IoT) and 5G will introduce a new era of lightning-fast technology and connectivity. With high speed and advancing inventions, new industries will thrive, promoting the latest ideas and therefore delivering products efficiently and reducing cost. According to sources, the chief focus of operators is to reform and enhance the network capacity building, which will reduce network planning timeframes and infrastructure modelling to minimize capital expenditures. Through 5G, more opportunities will be unlocked as it not only supports mobile phones but also various other businesses and services ranging from agriculture, retail, healthcare, transportation, etc. impacting positive growth in India and worldwide. It has the ability to transform and revolutionize our future. Although introducing 5G in India has faced many obstacles and may take a while to be widely available. The Welfare administration has economic constraints, and D.O.T. has recommended Telecom Regulatory Authority of India to set a higher base price for 5G services spectrum bands on offer for private firms to bid from. As 5G holds limitless possibilities, it will definitely help India to become the next tech giant.
-Evelyn Pamela Tete