While greater connectivity and faster speeds are at the heart of 5G, it’s the opportunity of having a full-fledged IoT ecosystem that keeps Singtels’ engineers awake at night.
5G’s increased capacity and minimal lag make it possible to create smart versions of everyday devices, and Singtel is eager to help forward-thinking companies be the first mover with smart-enabled products. This is important because the GSM Association estimates that the number of IoT connections will grow to 25.2 billion by 2025, where Asia Pacific is forecasted to become the largest global IoT region in terms of connections and revenue.1
The potential for new augmented reality (AR) and virtual reality (VR) experiences that support hybrid working also paves the way for businesses to save on office rental and minimise time-consuming commutes, thereby accelerating employee productivity. This sets the stage for governments to repurpose urban buildings for much-needed sustainability initiatives such as housing, agriculture, and urban forestry.
5G’s ability to facilitate superfast communications also means large-scale data collection can become a reality. This will allow age-old industries such as manufacturing, agriculture, healthcare, education and transportation to pivot.