5G (Fifth Generation of wireless network technology) is a new, faster network with the potential to completely transform the internet. This technology is high bandwidth, low latency, meaning that large amounts of data can transfer across a network with minimal delay.

5G implementation will drastically improve internet download speeds. To put this in perspective, downloading a 2-hour movie on 3G would take 26 hours. While on 4G, this download would take 6 minutes and on 5G, it will only take 3.6 seconds.

This technology has far-reaching impacts on both consumers and industries. Besides allowing individuals to consume entertainment faster, 5G will benefit Healthcare, Retail, Manufacturing, and many others.

The significant drawbacks of 5G include the cost of this infrastructure and that of interference with satellite-used frequencies.

If enough public and the private sector investment are allocated in developing this technology a lot can be accomplished in a short amount of time. 5G technology will help provide better services and minimal technical hurdles in the interconnected economy of the future.