![High-speed 5G drives new opportunities for small businesses](https://magarticles.magzter.com/articles/2854/793218/61a5d790884cd/High-speed-5G-drives-new-opportunities-for-small-businesses.jpg)
During the past decade, technology has driven change across all aspects of society, especially business. The COVID-19 pandemic accelerated this trend, sparking tremendous increases in remote work and e-commerce and intensifying shifts in the way people communicate and consume media. The widespread adoption of digital tools and skills will provide greater flexibility and resilience to deal with future risks and uncertainties, according to the World Economic Forum 5G Outlook report, and 5G will play a critical role in enabling this. It will also create new opportunities for small and midsize businesses (SMBs).
“Redefining the customer and employee experience is of critical importance right now for businesses of all sizes,” says Wendy Taccetta, senior vice president for nationwide small business and channel chief at Verizon Business. “In fact, according to research we conducted earlier this year, nearly seven in 10 business owners believe that 5G will help their company overcome the negative impact of the COVID-19 pandemic.” Among small business leaders polled by Verizon, 49% named 5G a top or important priority for their business.
A TECHNOLOGICAL LEAP
Cellular technology has steadily improved since Nippon Telegraph and Telephone introduced 1G service to Tokyo subscribers in 1979. As the technology spread worldwide, each evolutionary step from 1G to 4G LTE delivered greater capabilities and more business use cases for mobile connectivity. But the promise of 5G dwarfs everything that has come before. “It’s not an understatement to say that 5G represents the biggest technological revolution since the introduction of the internet,” is how Todd Krautkremer, chief marketing officer at Cradlepoint puts it.
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Denne historien er fra Winter 2021-2022-utgaven av Fast Company.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
![Campus Radicals](https://reseuro.magzter.com/100x125/articles/2854/1774137/_54ECUZq61721738417203/CAMPUS-RADICALS.jpg)
Campus Radicals
Welcome to UATX, Austin's new well-funded and controversial anti-woke university.
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What Went Wrong at 23 and Me
The company's DNA spit tests were going to remake healthcare. The science proved more complicated.
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Toxic-Workplace Avenger
Her landmark lawsuit helped ignite the Me Too movement. Gretchen Carlson is now on a crusade to protect all workers.
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A Lousy Bet
Sportsbooks, leagues, and networks: the new unholy alliance to promote legal gambling.
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CAN'T STOP ROLLING
MOBILE GAME MAKER SCOPELY TOOK IN $2 BILLION IN JUST 10 MONTHS FROM ITS HIT GAME MONOPOLY GO. PLAYERS, IT SEEMS, ARE ADDICTED TO THE FUN.
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A minimum hourly wage law for NYC delivery workers has boosted their pay-but not everyone is reaping the benefits.
$19.56, the hard way
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IT'S A TOUGH JOB BUT GENZ NEEDS TO DO IT
HOW DAVID HOGG IS RALLYING YOUNG PEOPLE TO PURSUE ONE OF THE TOUGHEST AND MOST IMPORTANT CAREERS IN AMERICA: POLITICS.
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INNOVATION BY DESIGN
For 13 years, our Innovation by Design Awards have been shining a light on stunning creations. The following pages highlight 20 of this year's winning projects, from an app that helps resettle political refugees to a massive restoration project in Detroit. Plus, a list of winners and finalists in all 50 categories.
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How's This for a Cliffhanger?
That poor henchman over there has a hammer stuck in his forehead.
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CREATOR ECONOMY
Carpe DM New platforms monetize intimate\" bonds between creators and their fans.