A common nomenclature enables new, 5G-powered business models, revenue opportunities (Reader Forum)

5G is extremely complex and has widespread impacts throughout the network. This introduces many challenges but also provides many new business opportunities. For instance, it will allow more devices to connect at faster speeds with lower latency than ever before. This will enable companies to partner with network providers to develop innovative services for both their customers and their own use. The 5G network transformation provides at least a decade’s worth of future proofing. And like LTE, it eventually will be available worldwide, from major cities to rural communities.

That combination of longevity and ubiquity makes 5G ideal for applications whose devices will remain in service for a decade or longer and be sold globally. Two examples are connected vehicles and Internet of Things (IoT) devices such as asset trackers.

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