March 2, 2016 2:39 pm | Updated 4 years ago.
Implementation of 5G to succeed the existing 4G was the main focus in the Mobile World Congress held in Barcelona last week. 5G will augment internet speed to about 10 Gps.It will also lessen the time taken to transfer information and data from one place to another. 5G requires less energy and will also bring about an increase in the number of connections.
The cynosure of all companies like Cisco,Intel and Ericsson is to leverage 5G for the Internet of Things. Cisco has estimated that by 2020 the Internet of Things will leverage US $8 trillion in value connecting almost 50 billion devices. Gartner, a pioneer in providing technology research reports also envisaged that IoT will grow to 20 billion devices by 2020 pushing the market value to US$ 3 trillion.
The technology is yet to realize its full potential and the major challenge is to develop adequate software to actually interpret data and utilize them efficiently.