Verizon CEO Hans Vestberg said that 5g is not just a typical increase in the speed of your mobile network.
5g is a transformative technology that will push forward the fourth industrial revolution and change society greatly in the process.
Like the three industrial revolutions before this industrial revolution, the innovation brought by 5g will determine this technological progress.
Verizon CEO Hans Vestberg explained at Las Vegas's Consumer Electronics Show that 5g is at the heart of the next era of technological change: last year, Verizon launched its first 5g home network.
5g has too much to come this year and over the next few years.
5g will change everything.
The technological changes we have seen over the past decade are very fast.
The only thing we can be sure of is that the pace of change will be faster in the future.
We will see changes in technology that will change people, businesses and society.
We face multiple challenges on this planet, our daily work and life, things around us, climate change, and we are entering the fourth industrial revolution.
Think about these challenges with the fourth industrial revolution and the 5g.
As well as VR, AR, AI and other new technology initials acronyms.
All of this is the technological change we are talking about, which is inevitable for us in the future.
For us, we are on the cloud.
We really see that we are using this change and shaping it into a direction that is actually changing and doing well.
The next area of technological progress will be built on 5g.
Most importantly, this is a different industrial revolution.
The first is the steam engine.
The second is electricity, and the third is digital.
They are all based on general technology.
Then you innovate a lot on it.
Of course, the steam engine produces trade on steamboats connecting the mainland.
Electricity changed everything.
Of course, with digitalization, all PC computers, the Internet and everything are brought out.
These are huge changes.
The general technology of the fourth industrial revolution is actually a comprehensive connection that 5g can bring.
I think this is a huge opportunity for all of us and our society to use in the next era of technological change. So what is 5G?
5g is not only the growth of wireless technology, but also a huge hope.
We have 1G, 2G, 3G from the beginning, then 4G.
They are a bit different when it comes to speed and throughput.
When we consider 5g, we think the throughput is about 10 gb per second.
We think the delay has increased tenfold.
We believe that the amount of data on the network is 1,000 times that of the original.
This is completely different.
This is a huge leap compared to 4g.
We have done some real examples.
We had an Indianapolis 500 driver who drove very fast in 5G and blacked out the window.
The delay is so low that you can drive it.
These things need innovation.
Innovation requires many different people and supporters to work with us.
When I think about technology, I also think about a lot of questions about how technology can benefit our society.
We are entering a more challenging era around the world, and technology is one of the most important things that can change it and make it sustainable.
At Verizon, we call it human capabilities.
We created the word because we think that humans are doing the right thing in the middle of technology.
When I think of 5g, one of the biggest differences when we start developing 5g is that it is considered to provide a new type of solution for industry and society.
Consumers will eventually own it.
The capabilities of early wireless technologies often have different speeds and throughput.
We have eight abilities in 5g.
I call them eight currencies.
With the eight currencies of 5g, you can serve them, you can make money on them, and you can build on them.
This is very different from the previous wireless technology.
There are peak data rates and mobile data volumes, but there are also mobility.
This is also the number of connected devices you can have.
Energy efficiency and service deployment.
Of course, its reliability and delay.
There are 8 kinds of currencies that 5g can give users.
Whether it's equipment, individuals or the industry, it depends on how we're going to innovate in this area.
It is important that we have started a journey.
Verizon started networking a few years ago because you need a lot of fiber and you need a lot of dense networks to build these eight currencies.
Real estate is required for Mobile Edge Computing.
Not only do you need spectrum.
In some cases, you need to provide you with millimeter wave spectrum with huge throughput and bandwidth.
What I'm excited about is what innovations we can make in this currency?
Let's talk about the currency here.
Peak rate and throughput are important when doing things with speed.
The first thing to think of is how fast you can download a movie on 5g.
On 4g today, it takes 3 to 4 minutes for 90 minutesminute movie.
You need 10 seconds when you have ultrawideband.
So this is a use case, but it really limits what you can do with it yourself.
You can do more when you have this speed and throughput.
Compared to what we have today, this is a huge leap forward.
It's about rethinking how you use the increased speed and throughput when you talk about 10 gb per second, and the throughput can be 1000 times higher than today.
I'm excited about the two currencies, but there are other ones.
Mobile and connected devices are two other currencies.
Move or move the connection, which is the actual measurement speed of it.
In today's 4g network, you can basically capture a radio signal of 350 kilometers per hour.
In 5g, about 500 kilometers per hour.
What does this have to do?
Think about high speed rail.
Think about the things that will move at a very fast speed in the future, which will bring efficient transportation.
With 5g you can capture this.
When it comes to the Internet of Things and connected devices, one of the limitations of today's wireless technology is that you can roughly connect 100,000 devices per square kilometer with 4g.
You can do 1 million with 5g.
All of a sudden, in order to change the big cities, industries or behaviors that we need to address today's challenges, you can have a lot of internet of things.
The two currencies are also very different for different business cases.
Let's talk about the two currencies or capabilities of service deployment and energy efficiency.
Service deployment is a bit hard to explain, but if flexible service deployment, you can match your software to specific customer needs, which is a real problem.
Think if you want to make a virtual classroom in five different cities, you want them to have the same software.
Today on the 4g network, it will take me weeks or even months.
The 5g commitment is that we can launch new services in a matter of minutes depending on the customer's software needs.
These are great changes.
We just need to think about how we can innovate in this area?
Now, of course, there is energy efficiency.
Here, the world is facing the challenge of climate change, and our industry needs to consider all the equipment we are using, and all the equipment we are using is improving the carbon dioxide emissions we are doing.
There are a lot of things to happen, but we need to continue and we need to do it collectively.
5g is expected to reduce power usage by up to 90%, which we have on 4g.
This is a positive transformation of the fourth industrial revolution.
The first and second industrial revolutions produced a lot of carbon dioxide emissions because they were steam engines and electricity.
Here we have the opportunity to work together to provide true power and unique solutions for both.
The latter two currencies are delay and reliability.
In today's mobile network, we can reach 100 ms or 50 ms in terms of latency.
We will drop to 10 ms in 5g.
Why is this important?
To avoid latency, it takes at least 20 ms for all live AR, VR.
There are many other use cases you can do.
Latency and reliability are important in the network.
It depends on how we innovate.
Compared to the previous technical cycle, how different things you can do with 5g.