The Year in Tech, 2021: The Insights You Need from Harvard Business Review by Harvard Business Review

Author:Harvard Business Review [Harvard Business Review]
Language: eng
Format: epub
Publisher: Harvard Business Review Press
Published: 2020-09-21T16:00:00+00:00

TAKEAWAYS

Next-generation mobile network technology, known as 5G, has enormous disruptive potential. When fully implemented, it will bring a far bigger transformation in mobile technology than any previous generational shift.

5G’s speed, capacity, and dramatically reduced power consumption and latency could make an astonishing range of innovative new products and services possible, from truly smart homes and cities to autonomous cars that travel in “platoons” to reduce traffic.

If incumbent businesses don’t pick up the pace in preparing for 5G, the resulting gaps will inevitably attract new entrants and startups, unleashing the kind of sudden disruptions that have unsettled mature industries in the past.

Many of the new 5G applications will be nurtured by interconnected ecosystems, perhaps in the form of industry consortia, along with a balanced portfolio of corporate venture funding. The time is now to begin identifying partners as 5G markets are emerging.

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