5G Internet of Things Powers the Market

The Internet of Things (IoT) is an extending technology with one limiting factor: bandwidth. With developing 5G that improves cellular bandwidth, the IoT capabilities have also increased significantly, with many interconnecting devices. The key to using this opportunity successfully is to offer business models focused on creating a united network infrastructure for ecosystem partners.

Thanks to IoT, manufacturers can operate real-time managing to control components and equipment at any production stage. To profit even more from IoT, adding 5G suggests a single system model, where products are managed through all manufacturing cycle. Moreover, the integration of 5G into a supply chain would guarantee improved customer support and cost-effectiveness. Connected meters, sensors, and other hardware devices also involve modified business models. Even though IoT operators mostly gain revenues from connectivity, they can also profit from providing platform and service solutions to their customers.

AT&T provided the widely deployed low-latency industrial IoT solution, based on a 5G network and ready to operate with certified devices. In a partnership with Cisco, AT&T develops customer IoT devices placement with improved security and lower latency. The value of millions of involved devices, managed by both Cisco and AT&T in utilities, retail, manufacturing, and other industries, became considerably higher with already used 4G LTE and low-power IoT cellular networks. Currently, with 5G abilities, businesses can get near-real-time data from each IoT-connected device inside the company's network, reducing security risks, spotting anomalies, and improving traffic classification analysis.
5G is a solution for companies that changed their business models with digitalization. AT&T Control Center creates a breakthrough for customers to exploit the 5G power, connecting valuable industrial devices and ensuring transcendent IoT visibility that only works with the connectivity, developing opportunities for businesses to realize their maximum potential. 5G also opens the ability to create virtual networks for subnets with diverse traffic needs. By that, networks can protect emergency transmissions when running capacity. AT&T and Cisco's partnership has raised 5G network capabilities in the IoT across the US.

Network operators that can develop and execute an ecosystem that would support diverse service partners while analyzing IoT platforms' data and turning it into a valuable resource will eventually multiply their incomes. The appearance of 5G made operators confident in bringing IoT come forward. Since connectivity is the primary driver of the IoT industry development, 5G would power this driver with various solutions. Operators will have to transform their businesses and networks to manage renewed 5G prospects.

With the growth of 5G certificated devices that use smart sensors, the possibility for their deployment and connection in smart cities and buildings would also increase. Data transmission from these devices and sensors would also improve by collaborating 5G and IoT. Future applications already benefit from minimized latency and better bandwidth delivered by 5G. The abilities of 5G networks are vast, and they open to companies a broad specter of connections and ways of how to profit from their implementation. However, to fully benefit from these developments, manufacturers have to invest in the application of 5G-supported tools. 5G will not be moving the IoT developments in the foreseeable future, as 4G remains the cheapest option for IoT. At the same time, 5G is only enabling certain functionalities that 4G is lacking. The hardware side is underdeveloped and lacks options from the module and chipset front, making the 5G option uncompetitive from price point par with 4G yet.