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How 5G will transform the Midlands’ modern economy

When the Midlands was chosen as the UK’s first 5G testing ground, this was great news for its economy because of the many opportunities that this provides local businesses. 5G mobile technology brings improvements to virtually all industries, through faster and more reliable connectivity. Businesses that rely on immediate communications will benefit massively, but the new network also opens up even more possibilities to industries based on streaming quality, such as gaming tech and live streaming.

How will tech be affected by 5G?

The rollout of 5G means that live video streaming and calling will become much more streamlined and accessible. From live social media streams to live gaming and important on-the-go business calls; the extensive reach of the new mobile online network means that there soon won’t be a corner in the UK where a top-notch streaming signal isn’t guaranteed. The new technological movement seeks to put the Midlands on the map, with Birmingham already being home to more software developers than anywhere in the UK, the region is set to become an even more vibrant and bustling business hub.

One of the biggest issues that online gamers, for example, say spoils their gaming experience is the latency, or lag. 5G will significantly decrease the lag, meaning that gamers will have next-to-no delays. The mobile gaming industry will see huge benefits, as many players currently get frustrated at issues with connectivity or lag when they are playing games whilst on the go. Poor image display that is so critical to the game enjoyment will be a thing of the past for Midlanders.

Experiences like live gaming streams and live dealer casino games rely heavily on a strong connection so players can ensure a stable performance on their end, especially when it makes all the difference between a win and a loss. Online casinos such as these, offer traditional table games, such as blackjack and roulette, played by collaborators across the globe which stream professional croupiers from all over the world and, most importantly, rely on a seamless connection to these faraway locations.

Furthermore, given that there is also such a large presence of casinos in the Midlands and the upcoming development plans for more land-based attractions – such as the £12m investment into developing Casino 36 at Dudley’s Castlegate Park, this should inevitably lead to a boost in the local economy. With more citizens from within the region and across the country seeking to look to the Midlands as an exciting modern entertainment hub, we can only look forward to what the future might hold for our small corner of the world.

The plans for 5G across the UK and impact on the economy

By the end of 2019, 5G is expected to have been rolled out in 25 areas across the UK. It is estimated that 5G technology could boost the UK economy by £15.7bn by 2025. The faster communications available to businesses will be one of the major benefits, but the extra speed will see huge developments in artificial intelligence, robotics, and IoT which will revolutionise businesses working processes.

Before businesses can start to benefit from the possibilities that 5G brings, a greater understanding of the capabilities of 5G is required for many businesses. Driverless cars will be one of the game-changers that 5G will be able to support, but also commercial drones, virtual reality and a host of other technological developments will have a huge impact. Industries such as healthcare, education, and transport will also see a major progression through the invention of new products and services and a boost to productivity.

With faster network speeds and greater capacity, flexible working will be a more realistic option for many businesses. For employees, this means they will have more option to work from home, whilst utilising exciting products and projects the introduction of this new technology has made accessible, while for the business, this means that they can save on the costs of running business premises, possibly leading to a hybrid eco-tech future.

Over the next few years, as 5G becomes available across the UK, we will see so much more efficient tech and accessories delivered to businesses and everyday life. For both the Midlands and the rest of the UK, this can only be a huge advantage for the economy, as businesses start to develop innovative products and services.

 

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Expert OpinionTechnologyWest Midlands