5G technology will encourage the digital transformation of society, as it will provide access to the internet of things, encouraging the generating of innovative new initiatives in areas such as autonomous and connected vehicles, drone-based services, Industry 4.0, and access to remote e-health services, thus improving the user experience and supporting critical services.
It is a new paradigm of wireless connections that will have a direct impact on the economy and on society, with all the challenges and opportunities this entails.
The deployment of 5G will lead to the technological transformation of services and infrastructures, reducing the digital gap and generating opportunities for the new generations.
This new paradigm allows for the mass integration of the internet of things, creating a worldwide ecosystem thanks to its reduction in speed, latency, and costs.
Latency is one of the greatest improvements in relation to the previous generation and is defined as the amount of time that a device takes to respond in order to be able to establish a connection. Lower latency leads to almost real-time data transmission, which is key for cases such as the connected car, as it allows for obstacles to be identified in real-time, thus reducing the possibility of accidents.
The European Community estimates that the introduction of 5G could have an impact of more than 113 billion euros, where the most highly-benefited sectors will be automation with 42.2 billion euros, health with 5.53 billion euros, transport with 8.3 billion euros and utilities with 6.47 billion euros.
Beyond the figures, 5G will encourage innovation and will improve productivity and the growing economy, especially around industrial automation and industrial control, as it will allow for connectivity to be adapted to specific needs and situations, improving production through the instant transfer of data, among other aspects.