The Impact of 5G in Asset and Facility Management

With the numbers of 5G smartphones growing, we can assume it will not take too long for 5G networks to be rolled out everywhere. Cell phone providers and tech bloggers are already boasting about the capabilities and the impact 5G will have. Ericsson has predicted that 5G subscriptions will reach 2.8 billion globally by 2025. Outside of the tech world though, many people do not have a good grasp of just how 5G will be a game-changer down the line, including in the field of asset and facility management.

Report by Ericsson

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Asset and facility management is another field that can greatly benefit from the deployment of 5G networks. From improved connectivity to more reliability, maintenance managers will be able to streamline processes more swiftly and efficiently.

What is 5G?

5G is the fifth-generation wireless technology that is at least 100 times faster than the current 4G technology. A Deloitte report explains 5G “will enable a new era of connecting machines, with the value of these connections being in the data interchange between them.”

Unlike its 4G predecessor, 5G is a revolutionary leap in terms of speed, reliability, network, responsiveness, and energy efficiency. 5G technology is the direct result of the growing number of devices connected to the internet. Thus this new technology focuses on connecting people and things. 

It is said to provide speeds from 400 Mbps to more than 10 Gigabits with a reduction in wireless network latencies to less than ten milliseconds. In addition to focusing on mobile technology and connectivity, 5G networks can accommodate many more types of devices than the 4G network. 

The Benefits of Using 5G in Asset and Facility Management

It’s impossible to predict what exactly will happen in the future. But there’s an indication that several key industries, such as healthcare, manufacturing, finance, and education, will be affected by the widespread use of 5G.

Here are some benefits of 5G in the facilities management industry:

benefits-of-5g-in-asset-and-facility-management-cloudapper-facilities

Better Connectivity

5G being more dependable, faster, and lower in latency reduces the risks of connectivity issues, thus, making room for improvement in remote collaboration. Multiple industries can make good use of improved connectivity. For example, with CloudApper’s facility management software, people can communicate and share information easily and instantly without being in the same location. People will almost always be connected to the internet, making these maintenance management tools much more practical and effective to use.

Cost-Effective

A study conducted by Ericsson shows that 5G networks are ten times cheaper per gigabyte compared to 4G networks. It means that 5G networks can handle growing data traffic, and more people will be willing to streamline work processes through the internet.

More Speed

More speed means more opportunities to streamline work faster and more efficiently. It also means downloading and sharing large files will be faster and will create ease of access. For example, you want to upload training videos onto the CloudApper facility management software, but the file is too big. If you are using 5G, you can upload the content in no time without compressing the file.

Powering Predictive Maintenance and Virtual Reality

The practice of predictive maintenance will become more common. More sensors, machines, and robots will be connected, and this will facilitate equipment performance tracking and better anticipation of breakdowns before they occur. Virtual reality and augmented reality technology vendors cannot wait for the widespread adoption of 5G networks because these technologies require high bandwidth and very low latency. 

Get a Headstart with CloudApper Facilities

Smartphone usage is booming, and it will only continue to grow. More and more people will rely on remote connectivity, and the demand for flexible work practices will only increase. 

CloudApper Facilities is a robust, cloud-based facility management software that will help you unlock the value of 5G. As asset and facility management becomes more digital-centric, upcoming trends such as asset transparency and accountability, new technology enablement, and more proactive maintenance practices will compel more companies to adopt software like CloudApper Facilities or CMMS.

Do not wait for the widespread adoption of 5G networks to adapt your business to match the advanced technologies. Instead, you can make use of CloudApper Facilities and ensure that you have a technical advantage over your competitors. 

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