If electrical contractors are busy now, there is potential for being even busier with services related to installation, access, and use of the coming 5G network.
Estimates of costs related to accessing and utilizing 5G in the U.S. exceed $300 billion by 2020! The key to making 5G accessible and effective is the internet of things (IoT). Think of 5G being powered by smaller transmitters or antennas in closer proximity virtually everywhere you look. Even a single home would have multiple 5G transmitters to power the new network. The beauty of 5G isn’t just the speed of downloading, as pointed out in the CCN Money Matters video below, but the fact that connectivity will allow virtual reality such as a surgeon performing life-saving operations thousands of miles away.
Watch CNN-Money's short feature of why 5G is important:
Read more from CNN Money about How 5G will transform the way we learn new skills and why 5G heading to Houston is a big deal.
5G will allow data to travel instantaneously. This will allow autonomous vehicles to mimic human reflexes to the point that experts say 5G will become crucial to the success of autonomous vehicles. As mentioned, healthcare in general will be impacted, but especially remote patient monitoring and surgery. With 4G, a two-hour movie takes 6-minutes to download. Very soon the viewer will only need 3-to-4-seconds to download the same two-hour movie through a 5G network! Over the next decade, 5G will connect one-trillion devices. Enabling smarter homes, businesses and schools; and creating smarter cities and smarter grids.
With so much connectivity, security is always a concern, but 5G promises to deliver greater if not "hacker-proof" security for all users – that alone would be incredible!
Access, installation, maintenance and expansion are all part of expanding business opportunities for electrical contractors.
Heading to NECA 2018 Philadelphia?
Stop by NECA's Techtopia booth
(#1644) for all things digital and disruptive is where electrical professionals will learn how technology is changing how we conduct business.
Meet with company experts of AR / VR, BIM Cave, Drones, IoT, Mobile Apps, Pre-Fab, Robotics, Software, and experience real-time demonstrations. Plus, listen to any one of 18 short TECH talks
that explain how leading edge technologies can make your business run more efficiently and profitably.
NECA Technology – the Project for Applied and Disruptive Technology
, explores the world of technology and keeps members informed of what’s happening today, and of what will be launched in the not-too-distant future. Dr. Joey Shorter has an extensive background in education and experience in translating the work of academics into understandable, practical ideas.