Every generation of wireless communication networks came with a type of expectation.
The first generation stayed mostly within the limits of analog territory, while the second generation ventured more into the digital universe.
The third generation was all about mobile internet, while the fourth generation was about mobile broadband, with the focus on connecting people, bringing new experiences and introducing new ways to use the internet in our daily lives.
But the fifth generation, or 5G, will go beyond consumers and impact industries in order to open new sectors and services.
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"Industries and business circles are paying close attention to how they can stay above the competition in the so-called Fourth Industrial Revolution by utilizing the advantages stemming from the commercialization of 5G technology."
"So if you look at financial services, historically if you go ten years back, the financial services are, have always been the early adopters of technology. If you look at some of the companies, they always look at technology as a backbone to deliver services to the consumers. So what will happen in this era, it not only just lead to faster services but how we are getting these services will be even more critical."
Various smart factory solutions were laid out during this year's Mobile World Congress to facilitate the automation of 5G connected robots, artificial intelligence and machine learning.
One of Korea's major telecommunications company KT laid out an AI robot customized for hotel housekeeping tasks that could be knocking at doors to deliver amenities to guests starting this summer.
To facilitate the production of 5G-based robots, KT has partnered up with Naver Labs, the AI wing of Korea's top web portal, and U.S. chipmaker Intel to begin operations as Korea plans to become the first country in the world to commercialize 5G technology in March.
Kim Ji-yeon, Arirang News, Barcelona.