Founders tend to focus on innovations that can have an effect on their sector at the cost of overall overlooking technology that can affect everybody. Another such example is the introduction of 5G, a fast 5th generation mobile network system, which is expected by many analysts to be a simple technology such as electricity. Because it will allow up to 1500 Mbps download speed. Many other countries in greater Asia Pacific also have 5th generation in their sights, so it is crucial that entrepreneurs begin to understand how businesses can affect the introduction of 5G.
5G will sharpen the work-life boundary
Most analysts predict that 5G would result in an increase in the number of employees working after hours, as they can now perform the most data-intensive tasks even from a phone.
When our handheld devices become more capable of performing work tasks, there will be a need for work hours when work hours and personal time as personal time to be more clearly defined. It may not be as drastic as some nations, such as France, where it is illegal to send after-hours work unless paid as overtime, but a provision will be made.
It will finally make smart cities mainstream
Smart cities sound far removed from our current reality for most people. Although most of us have smart phones and some of us have smart devices such as Alexa, the idea of living in an interconnected, smart city sounds like science fiction stuff.
Most cities in Southeast Asia do not have a fast or reliable internet network enough to power the smart sensors, phones, and screens required for a truly smart city. When it comes, 5 G will be the foundation of Asia’s smart cities, allowing us to jump into life in our homes, walkways, roads, and shared spaces the same responsiveness we expect from our smart phone screens.
It will boost the efficiency of Internet Service Provider
5G’s rollout is a truly global effort that requires the individual and collective action of dozens of different companies, including all from tech giants like Hewlett-Packard and Intel to telecommunications companies like AT&T and Telenor.
The bottom line for founders thinking about 5G
The 5G hype isn’t without merit. 5G will spring up an entirely new internet service provider cottage industry and change the way people live and work in Asia. The founders should carefully consider how they can prepare, adapt, or invest in the new technology with such monumental changes on the way.