5G mobile edge computing is poised to make a powerful impact on business processes in almost any industry. Alone, edge computing decentralizes computational capability by allowing many processing functions at or near the machine or device. It frees up bandwidth and reduces latency, enabling cloud-based analytics to work faster. 5G mobile edge computing is poised to make a powerful impact on business processes in almost any industry.
Likewise, 5G offers increased speed from the older 4G max of 100 Mbps to as high as 20 Gbps. 5G is faster while allowing new advances to improve service and value-added performance. When the two are combined, 5G mobile edge computing is faster, cheaper, more powerful, and can be deployed across a broader range of devices.
Synergy is the combination of two things to produce an effect greater than they produce independently. 5G is a super-fast network technology that offers low latency and can carry vast amounts of data. Edge computing allows more processing at or near the device, opening the end-user to new features as the network is freed from bottlenecks related to latency and bandwidth.
This allows cloud-based analytics engines to be used for advanced processing and unleashes the power of Artificial Intelligence (AI) and Machine Learning (ML). They no longer need to sort, cleanse, contextualize and categorize data. The synergy between edge computing and 5G means that AI and ML are dedicated to value-added functions such as providing actionable insights, creating prescriptive and predictive suggestions for existing business trends, and offering ideas for new products and services.
Barriers to 5G Edge Computing
The most significant barrier to 5G and its impact on edge computing is infrastructure cost. End-users of a fully mature and deployed system of 5G will realize the benefits of new applications for smart factories and cities. However, meta-infrastructure remains essential to build out the network itself.
Faster adoption may occur in locations where population density per square kilometre is greatest, such as Korea or Asia. In countries with larger geographical areas and more sparsely settled areas, such as the US and India, 5G adoption will take longer to become available.
While the benefits of 5G mobile edge computing are evident, many companies and countries will continue to leverage their old LTE networks while moving slowly to a full 5G standard.
Application developers will take the costs of adopting new products into account; this may trigger them to move forward at a slower, more incremental pace.
Benefits of 5G mobile edge computing
Here are a few benefits of 5G mobile edge computing that come with broader adoption:
- Autonomous Devices – Everyone has heard of self-driving automobiles, but 5G mobile edge computing could move this dream closer to reality.
- Smart Factories – Industrial IoT is also a large target for the impact of 5G mobile edge computing. Without running wiring, cabling, hardware, and other costly materials, edge devices over a fast 5G network could bring the reality of a “lights out” factory closer to fruition.
- Smart Cities – Just as 5G mobile edge computing can be leveraged in factories, it can also be leveraged in urban planning. Optimizing the control of lighting, train schedules, traffic patterns, and other city functions isn’t possible in a fully automated format today. 5G mobile edge computing could open cities up to automation.
- VR and AR – With little or no latency, virtual reality and augmented reality can be used as a tool for training, safety and to expand the scope and geographic area of technical expertise over a larger space for the same cost.
How Businesses Can Prepare for 5G Mobile Edge Computing
There is a lot to starting a new business, and sometimes how to include new technology and what technology to include can be daunting. The Henry Bernick Entrepreneurship Centre (HBEC)at Georgian College has always built its programs for entrepreneurs and new business leaders on an understanding of technology. Our expertise in entrepreneurship, business innovation, R&D, and mentorship can help new entrepreneurs determine how best to leverage these powerful new technologies to unlock a more successful path forward in their journey. To find out how HBEC can help you get started, contact us today.