There is little grounding in today’s consumer experience to provide people with a reference point in understanding how 5G will redefine society in profound ways across all areas of technology and life. Instead of providing a bridge to understanding something new and unseen, today’s media speaks erroneously using the terminology of today and in a dissonant manner by suggesting that the primary use of 5G will be a faster cell phone technology to be deployed sometime next year. The New York Times may have realized its lack of depth in regards to 5G because it has an open advertisement for “…a forward-looking leader to help envision, build, and oversee a new team that will discover how emerging 5G technology can shape the way we do journalism.” Either this blog is early or the New York Times is late!
5G can be “discovered” by developing use cases based on technical elements and jargon which in and of themselves are hard to understand. This blog attempts to describe the business relevance of the near future of 5G, rather than its’ technical details.
As a bridge, Verizon CEO Hans Vestberg mentions eight currencies of 5G–broad elements which will eventually be combined via the alchemy of technical implementors and visionaries into products and services that don’t exist today. To the consumer, these currencies are nice things to know but hold little or no meaning. Vesterberg’s Eight Currencies of 5G are profound in their importance:
-Speed with peak data rates of up to 10 Gbps;
-Throughput with data volumes up to 10 Terabits per second per square kilometer;
-Mobility with devices potentially staying connected while moving up to 500 kilometers per hour;
-Device density support up to 1 million devices per square kilometer;
-Energy efficiency devices and in-network infrastructure;
-Rapid service deployment;
-Five-millisecond end-to-end latency;
To visionaries, developers, entrepreneurs, venture capital firms, corporations, investors, and nation-states these currencies will be worth trillions of dollars. It’s clear that the consumer and the media do not have an understanding of 5g’s importance; the US and Chinese governments understand very well the strategic imperative and importance of this technology. I would go so far as to say that 5G will further bifurcate those who have and those who have not; those countries and people that will have prospects and those that won’t.
Copyright Warren Pollock 1/27/2019 Edited by Mike Botwin