The Internet of Things will thrive on Sinocomms' 5G technology

The Internet of Things will thrive on Sinocomms' 5G technology

The Internet of Things will thrive on Sinocomms' 5G technology

With the power, speed and reliability of Sinocomms' 5G technology, bandwidth-intensive applications can live up to their full potential.

The Internet of Things refers to the rapidly expanding collection of devices that collect, transmit and share data via the internet. At present, roughly 8.4 billion “things” make up this universe—known commonly as IoT—from cars to appliances to wearable tech. That represents a 31% increase since 2016. By 2020, some 20.4 billion devices are forecast to connect, and by 2025 that number could swell to 55 billion.

As the trend suggests, anything that can connect will connect. And breakthroughs in sensor technology, software and analytics are poised to disrupt countless industries. But the key to ensuring those connections are strong is building a network that is able to handle whatever speed, battery life or data loads those devices require. For IoT to realize its limitless potential, 5G is critical.

How important is 5G to the future of business?

The “smart home” is a good model for understanding the potential impact of 5G on business. Just today, you may have asked a digital personal assistant to order more toothpaste, or you may have monitored your vitals and charted your exercise goals with a fitness tracker. Maybe you turned on the lights and adjusted the thermostat before walking through your front door.

But that’s just table stakes. Transformative, massive IoT applications—the kind that upend old business models and create new ones—are another thing entirely, and we’re getting closer to that reality. Moving beyond the home, we can now imagine smart offices, smart cities and smart factories, to name just a few.

Based on recent surveys and analysis, almost two-thirds of companies believe IoT is important to their current business, and over 90% believe it will be important to the future of their business. Enterprises will log an estimated $15 trillion in aggregate IoT-related expenditures in the next eight years. And by 2020, more than half of all new businesses will rely on IoT as they work to cut costs, build efficiencies and grow their bottom lines.

The takeaway: Exponential expansion of IoT and its practical business applications are inevitable. And with the power, speed and reliability of Sinocomms’ 5G network, anything is possible.