5 Key Benefits of 5G For Your Business

Updated: March 22nd, 2023

What Does the 5G Rollout Mean For Your Business?

The rollout of 5G promises to provide a wealth of potential and new opportunities for the world of business and beyond. As this is a relatively new technology, there is still a lot of speculation and predictions of future uses and the innovations it could play a part in developing. However, as the rollout is already well underway, businesses have discovered a range of benefits that 5G provides for at this moment in time. From enhanced productivity and improved collaboration to paving the way for new technologies, there are many advantages for businesses to utilise for progression, better service provision and growth.

This is all very well and good, but you want to know the specifics. How can this technology help your business and is it worth investing in 5G-ready solutions? We’re going to break down the practical benefits of 5G and what opportunities it can present for your business.

How is 5G Different from 4G?

Before we dive in to benefits and advantages of 5G, it’s important that we explore the differences between 5G and 4G, as this new technology is more than just a simple step up from its predecessor. The three major differences between 5G and 4G are speed, bandwidth and latency (or lag time). These may seem like simple upgrades, however these differences have the power to create new smart infrastructures, facilitate the progression of the Internet of Things and its uses, as well as bring about the birth of many new innovations.

1)    Improved Bandwidth Means Quicker Data Processing

5G will provide significant increases in network bandwidth which, in turn, will allow greater capacity for processing large volumes of data in one go – files, videos and documents transferred and processed in seconds, regardless of size. With better speeds and improved bandwidth, your team can be incredibly productive from anywhere.. From robotics and machinery that will transform healthcare and manufacturing to linking office facilities, such as lights, vending machines, printers and more –5G and IoT allows your business to work smarter, become more efficient and progress to new heights. We’ll come back to the exciting prospect of new technologies fuelled by 5G shortly!

How Fast is 5G?

It is expected that 5G will be nearly 100 times faster than 4G, as 5G networks are built on incredibly high-frequency airwaves. On average, 5G currently offers average download speeds of 90Mbps-230 Mbps and peak download speeds of over 753 Mbps, compared with peak download speeds of over 90 Mbps with 4G. These higher frequencies are capable of transmitting far more data, more quickly than 4G networks can. These rapid speeds will vastly improve business actions, through the quick transmission of data, particularly larger files.

2)    5G and IoT Can Fuel New Technologies

Like we said before, this latest network update has far more potential than any previous generations, as better bandwidth and speeds have the potential to allow access to brand new technologies to businesses of all sizes. The adoption of technologies, such as augmented and virtual reality, have the power to supercharge processes, present new types of content, improve marketing initiatives and pave the way for new, smarter ways of working. However, this technology hasn’t been widely adopted by businesses due to the need for a network connection that is both incredibly fast and offers low latency. With 5G rolled out across the UK, the connectivity necessary to run technologies, such as AR and VR, as well as facilitate the development of new technologies, will be far more accessible to businesses of all sizes.

3)    Provide a Better Customer Experience

Customer experience is a priority for every business. These days, most customers are interacting with businesses digitally, whether that’s through ordering products and services online, accessing support via online chat services or even using contactless payments at shops, hospitality venues and more. To facilitate the ‘digital customer experience’, business owners are going to have to invest in the digital transformation of their business and the 5G network is key to facilitating this transformation.  5G will provide the superfast connections needed to process orders and payments, as well as power systems that can manage data, such as stock levels within warehouses. 5G is capable of shaping a customer experience that is efficient and streamlined- providing the information your customers need, when they need it, enabling quick purchases and simplifying business processes.

4)    New Potential Business Opportunities

As 5G is still a relatively new technology, we don’t yet know its full potential and limitations yet. The main components of this technology: higher speed, better bandwidth and lower latency, means that it can power new innovations in a variety of areas including farming, entertainment, health, education and more. This may sound like a line out of a sci-fi movie, but 5G really does have the potential to change the world and the way we live in it. From the creation of smart cities, with infrastructure, facilities, healthcare provision, banking and more connected via 5G and the internet of things to interactive entertainment experiences with VR and more. With this new technology fuelling new innovative solutions, we will see the emergence of new products, services and even entire businesses as a result. This includes new potential opportunities for your business.

From agricultural processes automated through the use of smart robotics to customers being able to experience your product/service via virtual reality before purchasing, there are so many ideas that can benefit from the connections 5G provides. Again, this technology and the opportunities it provides, will not be reserved for big corporations. Businesses of all sizes will be able to take advantage of the untapped potential of 5G to fuel new business ventures.

5)    Bolster Security Initiatives

5G, as an advanced network, offers better security and reliability than 4G, thanks to greater bandwidth and more connection points. As this technology will enable the use of innovations, such as artificial intelligence to power advanced and sophisticated security initiatives, 5G will allow businesses to strengthen their security processes to further protect their data from cyber threats. The superfast speeds provided by 5G will allow businesses to implement dedicated endpoint security solutions that identify and monitor 5G security threats quickly and efficiently and deploy responses to tackle them for automated security that never rests.

Does My Business Need 5G Phones?

This technology may still be relatively new, but it’s taking over at an incredibly fast pace. The rollout of 5G means businesses are already taking advantage of technology and solutions that are powered by this super network to progress their operations, improve their customer’s experience and to explore new opportunities that fuel business growth. From the automation of systems and processes within business, to the creation and implementation of new innovations, the benefits of 5G will be embraced by businesses of all sizes, in all sectors, across the world.

Like all new technologies, embracing 5G is key to avoid your business lagging behind. However, in order to access this network, your devices need to be 5G enabled and it’s important that your plan is up to date,

Investing in 5G ready phones and plans, now, means your business is ready for the not so distant future. Empowering your team with 5G ready devices and a tariff that provides access to the right data allowances and features for their needs will benefit:

  • Productivity with quick speeds in 5G-ready locations enabling fast access and efficient collaboration on documents, files and tasks whilst on the go.
  • Communication through your team having access to crystal clear voice calls and buffer-free video calls.
  • Flexible working through reliable, superfast 5G mobile broadband that allows your team to work from anywhere.

If your mobile fleet is still relying on phones that only support up to 4G, then they can’t take advantage of the benefits 5G provides, which in turn means your business won’t be able to take advantage either. The 5G UK rollout is accelerating at an incredible rate, so it’s worth upgrading your business mobile devices and contract to a 5G ready solution, sooner rather than later.

Progress Your Business with 5G-ready Solutions from Elite

At this point you may be thinking, this all sounds great, but I’m worried about how I can prepare my business for the future with 5G and the costs involved. When it comes to implementing any new technology, knowing how to get the most out of it and handling the costs can be a major cause for concern. That’s why our service is customer-focussed rather than solution-focussed, as we want to ensure that:

  • The solution meets the exact needs of your business
  • The solution fits with your budget
  • The solution will help you to achieve your business goals.

So, when it comes to finding the best 5G business mobile plan for you, we first take the time to sit down with you and get to know your business, your needs and your goals, to get a firm understanding of what you need from your solution. Once we’ve worked together to discover what you need, we’ll get to work and leverage our prestigious partnerships with three of the UK’s networks: EE, O2 and Vodafone to find the best 5G plan, with all of the features you need at a price point that works for you.

Your journey with us doesn’t end there. We will be here for you, long after you’ve signed on the dotted line of your contract. From proactive account management that ensures your 5G tariff is always providing the best value to our super support team who is here to ensure you get the answers you need should you encounter a problem. Our product suite goes beyond devices and contracts. When you work with us, you can take advantage of a 5G plan and device alongside a wide range of other mobile solutions, including mobile device management and IoT solutions, all from one provider.

Let’s work together to implement 5G within your business, so you can start taking advantage of all of the benefits this new technology has to offer. Ready to go? Contact us and one of our specialists will be in touch soon!