The simple reality is that 5G technology is a much-needed advancement for mobile operators and consumers alike. As the fifth generation of wireless network technology, 5G provides up to 20 times the speeds of 4G networks and is designed to enable lower latency and greater capacity for multiple devices to connect to the same network.
We are living in a world where mobile messaging has become the key to a great customer service experience across industries. The pandemic has shifted how both consumers and businesses view the messaging channel, propelling it into a new realm.
As I think about the broadband inequality that can be found throughout the U.S. today, I feel compelled to comment on this issue from a consumer viewpoint rather than from my position within the technology industry. More specifically, from the viewpoint of someone without high-speed internet access.
If the pandemic taught the Telecom industry anything, it’s that a digital transformation is a key to their future survival. With the sheer number of new digital services coming onto the market and the subsequent demand that it will place on the mobile network, 2022 will be a year of network transformation, service innovation, and security advancements.
During the next few years, the promise of 5G and its impact on subscribers will be revealed in significant ways. With lower latency and speeds expected to grow to at least 10 times that of 4G LTE, 5G is being hailed as the driver of the next industrial revolution that will drive an estimated $2.2 trillion in economic value by 2034.1