5 use cases where low latency is key for businesses

5 use cases where low latency is key for businesses

Low latency is crucial for efficient business operations in today's digital landscape. 5G technology, with its enhanced network architecture and advanced technologies like network slicing and edge computing, significantly reduces latency. This enables real-time data processing, which is essential for healthcare, autonomous vehicles, and financial services, to name a few.

6 Mins

12th June 2024

Article

5G

In today's fast-paced digital landscape, low latency is crucial for various business operations. 

 

Latency refers to the delay between a user's action and the response from the system. High latency can lead to slower response times, disrupting critical processes and reducing efficiency. 

 

Conversely, low latency ensures swift, real-time communication, which is vital for applications requiring immediate data processing and response.

 

The importance of low latency

Timely decision-making: In sectors like finance and healthcare, decisions often need to be made in real time. Low latency allows for the rapid processing of data, enabling timely and informed decision-making.

 

Enhanced user experience: For applications like online gaming and video conferencing, low latency is essential to provide a seamless and interactive user experience. Any delay can lead to frustration and hinder performance.

Operational efficiency: In industries such as autonomous vehicles and manufacturing, low latency is critical for the smooth operation of machinery and systems, ensuring safety and efficiency.

 

How 5G makes low latency possible

5G is one of the most important tech developments in recent years because of its ability to significantly reduce latency.

 

5G is one of the most important tech developments in recent years because of its ability to significantly reduce latency compared to previous generations of wireless networks. This is made possible thanks to:

 

Enhanced network architecture: 5G networks are designed with more efficient and flexible network architecture. This means smaller, denser cell sites that reduce the distance data needs to travel which translates into higher speeds and lower latency.

 

Advanced technologies: Compared to 4G, 5G makes use of cutting-edge technologies such as network slicing, edge computing, and multi-access edge computing (MEC). 

 

Telecommunications companies like Singtel leverage these types of tech to provide users with a faster, more seamless experience. 

 

Network slicing works by creating multiple virtual networks on top of a shared physical network, which allows for greater flexibility in meeting diverse application requirements and optimising resource allocation1

 

On the other hand, edge computing brings data processing closer to the end user, reducing the time it takes for data to travel to and from centralised servers. Locations can range from the base of cell towers to smart homes, retail stores, and even automated vehicles.

 

MEC brings cloud-computing capabilities to the edge of the service provider’s network, closer to the user, thereby enhancing performance and reducing latency. 

 

Higher bandwidth: 5G technology offers significantly higher bandwidth by utilising a broad range of the radio frequency spectrum, including low-band, mid-band, and high-band frequencies. 

 

These bands provide a balance of coverage, capacity, and speed, with 5G also being compatible with existing 4G LTE frequencies to ensure a smoother transition and enhanced performance2

 

This versatility allows 5G to deliver faster data speeds, reduced latency, and improved overall performance for modern business applications.

 

1. Real-Time Data Analytics

 

5G technology enables the usage of real-time data analytics, which is particularly useful in the logistics sector.

 

Take logistics companies for example. The high-speed, low latency capabilities of 5G allows companies leverage on telematics to gather vital data like driver behaviour, vehicle speed, and maintenance intervals.

 

This data allows fleet managers to monitor assets and plan vehicle maintenance in advance to improve efficiency and route planning. Additionally, it helps reduce fuel consumption and minimise downtime, ultimately leading to cost savings and enhanced service delivery.

 

2. Autonomous Vehicles

 

5G technology is transforming the automotive industry by enabling the development and deployment of autonomous vehicles. 

 

A notable example of this is the collaboration between Singtel and BYD, which has been instrumental in advancing autonomous vehicle technology in the APAC region.

 

Singtel and BYD's partnership focuses on leveraging 5G's capabilities to power autonomous vehicles. The integration of these technologies is crucial for the functionality of autonomous systems, which rely on real-time data to operate safely and efficiently.

 

The project emphasises not only consistent connectivity but also compliant data management and API integration across their platform. This ensures that the vehicles can communicate with each other and with traffic management systems seamlessly. 

 

3. The healthcare sector and surgeries

 

The National University Healthcare System (NUHS) is leveraging Singtel's advanced 5G network to transform surgical procedures through the use of Augmented Reality (AR) and Mixed Reality (MR). 

 

Equipped with Microsoft's Hololens 2, surgeons at NUHS can view patient scans, such as CTs and MRIs, in real-time holographic 3D. This technology allows for precise surgical planning and execution by providing an interactive, detailed view of the patient's anatomy.

 

Singtel's 5G connectivity ensures that these holographic images remain crisp and responsive, without lag, which is crucial during surgical operations where timing and accuracy are paramount. 

 

The high-speed, low-latency characteristics of 5G are essential in maintaining the synchronisation between the real-time imaging data and the surgeon's manipulations, enhancing both the safety and efficacy of medical procedures. 

 

This collaboration highlights the critical role of 5G in supporting cutting-edge medical technologies and improving patient outcomes.

 

4. Video Conferencing

 

With the adoption of remote work, companies are no longer constrained by geographical limitations in their hiring processes, allowing them to attract top talent globally. 

 

Effective management of these geographically dispersed teams hinges on reliable and efficient video conferencing systems, which serve as critical bridges for regular collaboration and interaction.

 

By drastically minimising delays, 5G ensures that video and audio transmissions are synchronised and instantaneous. This reduction in lag or disruptions during calls means less time spent trying to communicate and more time engaging in meaningful conversation. 

 

Such immediacy is essential for creating a virtual environment that closely mirrors face-to-face interactions, making digital communications fluid and natural. 

 

5. Financial Services

 

In the financial services sector, where milliseconds can mean millions in gains or losses, the ultra-low latency and high-speed capabilities of 5G are real game changers.

 

For example, in forex and securities trading5, the ability to receive and act upon price changes and market news before competitors can make a significant difference in trading success. 

 

Besides trading, 5G's low latency characteristics allow it to contribute to a more seamless customer experience. 

 

Powering the Future with Singtel's 5G

As we've explored, 5G technology is rapidly transforming industries, from healthcare to financial services, by providing the ultra-low latency and high bandwidth needed for cutting-edge applications. 

 

These capabilities are not just enhancing current processes but also paving the way for previously unimaginable innovations.

 

Experience the power of Singtel’s 5G for your business. Contact us today to explore how 5G solutions can drive growth, improve efficiency, and create new possibilities for your operations.

 

References:

 

  1. TechTarget, Network slicing, 2024.
  2. PolicyTracker, 5G spectrum, 2024.
  3. GoodVision, 6 smart cities that get traffic control right, 2024.
  4. Statista, Global online games revenue, 2024.
  5. LCX, Importance of low latency for cryptocurrency exchanges, 2024.
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