4 industries that will benefit the most from 5G
5G mobile networks promise to revolutionise the world, with stable internet connections and download speeds 10 to 20 times faster. Imagine having a 3-hour video conference with super high video quality with an associate. 5G will give you access to such connections, a move that will expand opportunities for many businesses. There are, however, a select number of companies that will benefit significantly from 5G improvements, as listed below.
Financial service companies
5G will allow banks to improve their network coverage and enable features such as Hosted Avaya IP office transform the communication for customers and employees. With the 5G network, companies will also be able to get in-depth consumer habits from real-time data, allowing you to provide personalised services for your clients. So, if you are a financial service provider, you can rest assured that your customer engagement will be simplified.
If you work in the transport industry, you are well aware of the word autonomous vehicle. The introduction of 5G mobile networks comes at the perfect time, allowing for these autonomous vehicles to better communicate with their environment and react or adjust accordingly. Manufacturing companies are, therefore, likely to have an increase in demand for electric cars with features such as Google auto being a must-have.
Energy and utility companies
Utility suppliers often face challenges in their line of work, whether it is producing energy or transmitting it. 5G mobile networks will introduce better applications such as smart grid features that will ease distribution costs for such companies. Increased efficiency will result in the long run, so if you are looking to cut your expenses, 5G will provide cost-effective IoT devices.
Communication in the hospitality industry can either build or break your reputation. It is one concern that will soon be eliminated with the 5G mobile networks. Hospitality companies will have better quality videos for improved web RTC telecoms with clients. Whether taking food orders or giving feedback, guests will be able to access these options with just a simple command, leaving them with a worthwhile experience.
5G will undoubtedly change the way businesses operate, with an added advantage of improving connectivity. Get in touch with us today on 01625 466600 to find out more about how it will benefit you.