How 5G & IoT Will Pave the Way for Intelligent ERPs – An Introduction into 5G and IoT, Part 1
Utilizing both 5G and IoT will soon be the global standard for optimizing your ERP solution. Now, you might be asking, what are 5G, IoT and how do they relate to my current ERP system? That’s easy, lets start off with some basic definitions of 5G and IoT.
What is 5G? – 5G is the 5th generation mobile network – the new global wireless standard. While there is not one single company responsible for creating 5G, a group of companies called the 3rd Generation Partnership Project (3GPP) is the true creator.
How does it work? – 5G is based on OFDM (Orthogonal frequency-division multiplexing) this is a method of modulating digital signals across several different channels to reduce interference. This will allow superfast 5G networks to be installed globally, increasing the amount of cellular coverage and network speeds around the world.
How will it affect us? – 5G is designed to do a variety of things that can improve our quality of life, which include providing faster internet speeds, low latency and more capacity for connectivity, especially in the areas of VR, IoT and AI.
Next, we’re going to take a look at IoT – Internet of Things and see how IoT is preparing for the next generation of intelligent ERPs.
What is IoT? – IoT or Internet of Things is a combination of technologies that allow virtually any “thing” to communicate and send data over the internet. The term ‘IoT’ is typically reserved for devices that generally wouldn’t be expected to have an internet connection and is able to communicate with the network independent of human action. For this, think Smart refrigerators, driverless cars or even your wireless thermostat.
How does IoT work? – IoT works as a system of sensors or devices that “talk” to each other through the cloud via some sort of connection. Connected devices are constantly compiling data to by used by both consumers and businesses. This compiled data can then be used by IoT devices to help users determine next steps, or even provide recommendations for the user.
How will it affect us? – IoT will affect us by transforming the way people interact with products on a daily basis. Rather than writing down a shopping list, your Smart Refrigerator will sense that you are running low on certain groceries and recommend that you buy more next time you go to the store. While this is example is only a small part of what IoT can do, with a new era of technology upon us, the possibilities are endless.
Now that you have a basic understanding of what 5G and IoT are, look for my next blog explaining how 5G and IoT will be implemented in factories and plants around the world.
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Logan Consulting is a professional services firm committed to helping businesses improve business processes to get the most from their ERP investments.
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