How the Spring Budget 2017 5G Strategy could affect your business

The Chancellor’s latest budget announcement once again stressed the UK government’s ambition to create a world-leading digital economy. With their so-called “5G Strategy”, the government has committed to investing £16 million into pilot testing new 5th generation mobile networks (5G) and applications. Another £200 million will go into a series of local projects to make fast, reliable full-fibre broadband available for most UK households and businesses.

What could 5G mean for businesses?

5G is the proposed telecommunication standard for the next generation of mobile technology. To date, 5G is only available in a small number of locations in the US as part of test schemes. The Next Generation Mobile Networks Alliance promotes a general roll out of 5G by 2020.

5G is not only supposed to allow faster download speeds (up to 5Gb per second) than the current standard 4G, but also a higher density of mobile internet users. This is highly relevant, considering an estimated 20.8 billion devices connected to the internet worldwide in 2020 (Gartner). Along with a planned lower battery consumption and a significantly lower network latency than 4G equipment, this is supposed to enable use cases like the Internet of Things (internet-connected devices) and “Smart Factories”.

Digital connectivity was once a nice to have, perhaps even a luxury. It is now essential. Connectivity creates new business opportunities, opens up markets and supports us in our everyday lives. –Karen Bradley, Secretary of State for Culture, Media and Sport

The development of 5G creates new opportunities for business in the manufacturing sector. It also supports “Smart Buildings” – the remote control and automation of lighting, heating, ventilation, air conditioning systems, and appliances such as ovens, refrigerators and freezers, or washing machines and dryers – which can help households and businesses increase their energy and/or water efficiency.

Faster, more reliable internet connections benefit every business that relies on the rapid and stable transfer of high amounts of data – such as professional services, retail banking or telecoms. Businesses whose team members use remote working will benefit significantly. An excellent internet connection enables businesses and customers to operate more efficiently, and ultimately enables businesses to offer more affordable and diverse services.

Talk to us to find out if full-fibre broadband is available at your business site, and if you could improve your mobile broadband by switching to a different provider 0141 530 4152.

Would you like to know more about the 5G Strategy? Read the full 5G Strategy document and the Chancellor’s speech.

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