Insights: B2B is Where 5G Technology Will Make the Biggest Splash
"5G will bring with it 100 times the capacity of our 4G networks," says Verizon networking chief Nicki Palmer. (November 2018)
[MUSIC PLAYING] SPEAKER 1: 5G will bring with it, you know, 100 times the capacity of our 4G networks. It will also bring 20 times the speeds, and it will bring much, much lower latency or, like, single digit latency. You know, multiples times, like faster than the blink of an eye. SPEAKER 2: Yeah. SPEAKER 1: So when you look at all of those things in isolation, it's interesting, and we can do a lot with that. But when you start to combine them is where you get fascinating use cases. It's really where the excitement is. Use cases in education and telemedicine, for retail, for businesses, AR/VR is really going to take the world by storm. SPEAKER 2: Right. SPEAKER 1: And each of those things leverages some of the 5G capability in different ways. And AR/VR, in particular, is a great example of something that really doesn't work that well on 4G networks. SPEAKER 2: Right. SPEAKER 1: So you need to have the low latency, that responsiveness, and you need to have the bandwidth in order to make something like that work in our mobile world. SPEAKER 2: Right. Now all of this sounds very cool. SPEAKER 1: Yep. SPEAKER 2: Especially if you're a consumer and you've got a smartphone in your pocket. But some of the things you just mentioned are actually more interesting from a business standpoint. SPEAKER 1: Oh, absolutely. SPEAKER 2: Where do you feel are the biggest opportunities in some of those areas you've discussed for 5G? You know, is it telemedicine, or is it entertainment and AR and things like that? What's the biggest there? SPEAKER 1: There's applications you can think about in almost every vertical. You think about smart manufacturing is something we're particularly excited about. SPEAKER 2: Sure. SPEAKER 1: So how can you take what happens in manufacturing or in warehousing and not just introduce robotics, but introduce virtual reality in a way that people don't have to man the equipment and you can make quick changes? So the possibilities there are really, really endless, being able to pull up, like, a virtual screen. And we think about this in our own environment, because we operate large data centers. SPEAKER 2: Right. Of course. SPEAKER 1: So how can I make changes to hardware without actually being there, but feel like I'm there? SPEAKER 2: Right. SPEAKER 1: That's the promise for manufacturing. Education, I've just got to speak about it. I'm so passionate about it, and I think it's really exciting what can happen there. So we talk about distance learning. We have capability today for distance learning, but it goes beyond just that when you talk about 5G. You can think about really immersive learning. So if you want to learn about the ocean floor, we can make it feel in the classroom like you're actually there. That's the type of environment that we want to create. And we need to work with people. It's not any one place, any one company. It's going to take us all to sort of figure this out.