In conjunction with big data, the IoT could allow your business to use resources more effectively and efficiently; providing information on energy use and associated technologies like thermostats, air quality monitors, lighting, building security and more. For companies in service industries, remotely connected devices and sensors could allow service technicians to assess and monitor issues without having to make time-consuming trips to site.
5G technology does not currently exist but we could be a step closer after government recently announced that the UK would be involved with creating the next generation of wireless internet. A 5G network could provide up to a million connections per square kilometre and be essential to create "Smart Cities", connecting up millions of small, low-power devices, from traffic lights to wearables. The upgrade to a new 5G network will require an entire reworking of existing networks but research suggests some fascinating new transmission and networking technologies, spurring innovations and industries we cannot even imagine.