{"id":1778,"date":"2020-09-02T09:31:20","date_gmt":"2020-09-02T09:31:20","guid":{"rendered":"https:\/\/newsbites.hktdc.com\/?p=1778"},"modified":"2023-03-23T11:30:12","modified_gmt":"2023-03-23T03:30:12","slug":"new-level-connectivity-hk-smes-get-ready-for-5g-technology","status":"publish","type":"post","link":"https:\/\/newsbites.hktdc.com\/trend\/new-level-connectivity-hk-smes-get-ready-for-5g-technology\/","title":{"rendered":"New Level Connectivity – Hong Kong SMEs Get Ready For 5G Technology"},"content":{"rendered":"\t\t
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Set to be much faster than previous generation networks, 5G technology also promises low latency and greater capacity \u2013 features that offer tantalising possibilities and benefits for businesses of all sizes<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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With the roll out of fifth-generation broadband networks, or 5G, Hong Kong is being tipped by its government to be one of the world\u2019s earliest adopters of the next generation technology.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Speed is key to supercharging businesses <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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As the prerequisite technology that underpins Industry 4.0, where everything is connected, processed and digitised, the impact of 5G across Hong Kong\u2019s various business sectors has the potential to be huge. Richard Sheffield, Morgan McKinley\u2019s Greater China managing director, believes the technology is set to transform and advance many existing industries, as well as to create new ones.<\/p>

\u201cWe are talking faster speeds, with some estimates that 5G is 100 times faster than 4G,\u201d he says. In simple terms, this equates to being able to download a full HD movie in less than 10 seconds on a 5G network, compared to about 10 minutes on the current 4G network.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Sheffield believes that from a Hong Kong business perspective, 5G will not only be instrumental for many industry sectors, including finance, technology, entertainment, transportation, retail, and education and healthcare sectors, it will also help SMEs to increase efficiency, production, and innovative breakthroughs.\u00a0<\/p>

\u201c5G will allow small businesses to compete more effectively both locally and on a global scale,\u201d he says, adding the increase of raising the potential to launch new products and services and move into new markets as an example.\u00a0<\/p>

Sheffield highlights how augmented and virtual reality applications could become game-changers across the retail, property, entertainment and tourism sectors. \u201cCustomers will be able to visualise products or a service in a local environment at superfast speeds, simply by pointing their phones at an item,\u201d he explains.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Getting ready for 5G <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Francis Fong, honorary president of the Hong Kong Information Technology Federation, points out that while SMEs may not necessarily be beneficiaries in the first wave of 5G technology implementation, business owners should still plan ahead. \u201cSMEs need to understand what 5G involves and be on the lookout for ways that 5G technologies can benefit their businesses,\u201d he says.<\/p>

Consequently, any new IT project or business development should ensure systems are forwardcompatible and can transition to 5G as it becomes available. \u201cThe transition from 4G to 5G won\u2019t happen overnight, but it\u2019s coming,\u201d says Fong. Once the 5G infrastructure is up and running, SMEs will be able to benefit from the IoT services and smart city features provided by mobile operators and other system integrators. \u201c5G is the backbone of smart city development, but it also takes more than a 5G network to develop a smart city.\u201d<\/p>

To realise the commercial potential that 5G-driven, smart city technologies offer, it requires access to a wide range of open data, such as the type of data provided by the government and public utility services. \u201cAt the moment, the amount and availability of open data is not readily available in Hong Kong,\u201d notes Fong, who is optimistic the situation will improve. \u201c4G is rapidly coming to the point where there is a lot of traffi c congestion. Therefore, 5G provides the obvious solution to meet demand and to advance emerging opportunities.\u201d<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Set to be much faster than previous generation networks, 5G technology also promises low latency and greater capacity \u2013 features that offer tantalising possibilities and … <\/p>\n","protected":false},"author":11,"featured_media":4578,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[383,2],"tags":[36,53],"class_list":["post-1778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-professional-services","category-trend","tag-5g","tag-hong-kong-smes"],"yoast_head":"\nNew Level Connectivity - Hong Kong SMEs Get Ready For 5G Technology - HKTDC Newsbites<\/title>\n<meta name=\"description\" content=\"Set to be much faster than previous generation networks, 5G technology also promises low latency and greater capacity \u2013 features that offer tantalising\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newsbites.hktdc.com\/trend\/new-level-connectivity-hk-smes-get-ready-for-5g-technology\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Level Connectivity - 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