#CopperMobile

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Are you looking for Android 13 updates ?

Android OS has market share of 86.2%.Clearly android has dominated the market. Android 13 “Tiramisu” updates have been live. Read more..

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Fintech applications have a great potential in the future, so just felt like sharing an engaging post by @coppermobile over here

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With so many changes and innovations in the field, it can be difficult for business leaders to keep up with the most recent trends and developments. In this, we analysed the top 9 data and analysed trends that will shape the field by 2023 and beyond.

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Outstanding innovations have been possible in the new era of business. As we all know, innovation comes with risks. We need to make sure that security, reliability and stability are maintained. Digital Twin is a solution to this problem.

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At the 14th Annual Top 100 Places to Work 2022 Awards, The Dallas Morning News has recognized Copper Mobile Inc as the No.1  Company. Read more..

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Copper Mobile is recognized as #1 small company in the top 100 places to work in 2022. Read more...

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Are you looking for technology news?

Presenting Tech Pulse : Discussing latest 5 technology news.

Read it out : https://coppermobile.com/blog/tech-pulse-updates-weekly-2/

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Growth of Different Fintech Sectors: 2021

FinTech or Financial Technologies is a sector consisting of platform-based financial services and associated products. Several FinTech companies worldwide are shifting their focus to end-to-end financial solutions to automate processes and generate way more revenue. Looking back at the last two years of the pandemic, since 2019, the rise of FinTech has exceeded all expectations.

Today, the global FinTech market is estimated to reach a value of $309.98 billion by 2025. Based on multiple FinTech Venture Capital reports, a total of $254 billion was invested globally into 18,000 startups through Venture Capital funds, which was an exponential increase of 46%. Initial reports again point down to a slowdown in funding levels in the first half of 2020. The same financial investment pattern is observed across different sectors of the fintech industry. In addition, the global fintech market is estimated to $127.66 billion in 2018, with an annual growth rate of 25%.

In this blog, we shall highlight the major factors contributing to such a rise of the FinTech sectors, the sectors gaining immense popularity, and mobilization to cater to the growing needs.

The two key factors contributing to the evolution of FinTech companies are:

The new technologies that fueled innovation in this arena (e.g., artificial intelligence and cyber defenses) are also maturing.

Many funds are invested in the first generation of companies trying to capitalize, reaching the end of their lives. They are thus getting their houses to return money to their investors.

FinTech Sectors Gaining Immense Popularity

Interestingly, only four categories of Fintech stocks make up 73% of the fintech app ecosystem’s top 100 apps. These are, as ranked, Banking, Payments, Crypto and Investing. Several companies are looking for the right FinTech app vendors or partners to get their own apps out in the market. In this section, we shall cover the major sectors of FinTech that attracted investors’ attention in recent years.

Government entities can range widely from regulators, central banks, sovereign wealth funds, and authorities that grant licenses and can actively influence the financial sector.

FinTech companies that provide financial services and their core products: For instance, giants like Uber and Amazon work tirelessly to enhance their dominance in the Financial sector. They have a team of engineers working towards products that are relevant in the same industry.

Professional investors can be categorized based on size (small or large fund), stage (seed, late venture, private equity, etc.), and finally for the source of funds, such as pension funds, strategic investors, family offices, etc.

New, disruptive companies are operating in several different sectors, covering in one of the following sections. These companies often got their start by “unbundling” one of the services provided by an incumbent player.

Mobility: The Future of FinTech Companies

As predicted by several Finance experts, here’s how the future looks for Financial technology sectors. With open banking being available almost anywhere globally, even more challenging times are upon financial institutions. Along with that, the rise of robotics in 2021 is also taking hold of the Fintech world. Several top-notch companies like N26, Monzo, and Abe have already started catering to the huge potential. We don’t expect that artificial intelligence is going to take over traditional banking advisors anytime soon. But still, its inclusion in the industry will help save a lot of workforce resources. This section will cover the taxonomy of emerging categories, adding some insights and examples to each category and some fintech trends.

1. Artificial intelligence and Machine Learning-powered platforms:

These platforms are mostly used to manage business operations and processes. The tools built help in dealing with the complexity of services and managing data-intensive work.  With apps built from AI, organizations can easily analyze data and help in their decision-making activities.

2. Personalized advice Fintech platforms:

The focus here is providing an improved user experience that is scalable. This can happen because simple processes power the improvements, simple decisions to make on the client’s part, simplified reporting, and all presented with a captivating UX/UI design. This approach is mainly used to address processes like wealth management, life insurance, or loan subscription.

3. Lending and crowdfunding platforms:

Another new sector of lending and crowdfunding platforms are marketplaces that help the two sides of the transaction by standardizing the process and assisting with marketing and legal materials. They mostly utilize enhanced strategies powered by data analytics, offering seamless process steps between subscription, data collection, and analysis. Many developing lending platforms aim to simplify the process and reduce the lending time (from loan application to disbursement).

4. Blockchain:

Another major category of apps is around contracts with features like identity management and onboarding processes. One good thing about this category is that no major player has emerged in this category yet, so there are many potentials.

Read more about the latest FinTech trends here.

In conclusion, Financial technologies or the FinTech sector is likely to be all the more popular in the coming decade, considering the change in consumer behavior. So, if you intend to make the most of the situation by launching your fintech app in the market, feel free to consult our experts today.

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Revolutionizing Retail Technology- Remodeling the Industry

In every industry, having a customer-centric culture has become a matter of survival for businesses. We are living in a data-driven world that requires digital agility and long-term digital transformation. Focusing on retail technology, where digital transformation is rushing, retailers leverage AI to get deeper insights, identify customer needs, and deliver proactively to customers across every touchpoint. From contactless delivery to cost optimization, retailers are responding to covid-19 by building adaptable business models.

Businesses are reprioritizing their plans for digital investments to prepare for large-scale transformation. For example, moving forward with digitalization, Amazon will soon avail Pay-over-Time option at checkout to its customers. In addition, Shopify merchants now have their OMS App to track their sales, inventory, orders, transactions, fulfillment routing, and service flows. Through this, Shopify retailers can extend their superior customer experience beyond the storefront.

Customers’ digital expectation is growing, and so is the pressure on brands. They need to reimagine their digital experience and evolving Martech stack or tech-stack. Lockdowns have led to significant changes in consumer behavior. In 2020 alone, more than 12,200 big retail chains closed their stores permanently in America. Despite that retailers are planning to open more stores in 2021 due to the rise in the percentage of online sales of their brands. In America, E-commerce has grown from 11% of retail sales in 2019 to 14% in 2020.

The World of New Retail Technology

Digital transformation in retail or retail technology is changing the way business is done. Be it any segment of retail such as pharmacy, grocery, apparel, personal care and wellness, sports, all are seeing bulk in actions and are expecting strong sales growth. In addition, location-based services, data analytics, and mobile apps bring significant changes to the retail industry.

Digital transformation does not have an endpoint. Your website and app should be updated as per the customer’s behaviors and expectations. Small businesses, medium-sized B2B merchants, and large corporations will benefit if they take digitization seriously. While transforming, retailers should be able to consider every aspect of their business. They must have a digitally efficient and effective workflow, including inventory management, sourcing, employee management and training, and customer experience management.

Remodeling has not been a cakewalk for businesses. Challenges faced by them while remodeling cannot be ignored.

Potential Challenges on the way:

a. Change management – Retailers are unwilling to implement new ways of working because the whole internal system gets disturbed for once.

b. Commitment – Sometimes, the retailer does not take the change seriously. They lack commitment while their mobile apps or websites are not able to satisfy customers.

c. Complexity – transformation is quite complex, and some businesses should look up to a trusted partner for outsourcing to create that transformational impact on the customer.

d. Technology – It is essential to evaluate and choose the right kind of valuable technology for the business. Hence, selecting suitable technology that can bring value is a challenge for the retailer.

Retailers should have a good understanding of how a digital transformation can make their business successful. To bring that considerable impact, they should collaborate with trusted partners and leverage their strengths to pass through the challenges easily.

Newer Trends Comin’ Up!

a. Touchless Experiences – Providing touchless experiences gives a sense of sanitization and safety. But along with that, the personalization and loyalty of retailers for customer satisfaction.

b. Moving towards the Omnichannel way – Convenience plays a significant role in deciding the value of online shopping. The omnichannel should be such that it allows the customer to browse, research and pick their products with convenience. It is a multichannel approach that provides a seamless shopping experience to customers.

c. Mobile-based Payment Applications- Mobile-based payment applications are on the rise. We can integrate them with mobile wallets like apple wallet, google wallet, amazon pay, Samsung pay, etc., which makes it an easy and shopping experience online. For retailers, it works as a competitive edge, reduces operational costs, and increases efficiency.

d. Social media and content marketing molds customers’ buying behavior – Millennials are highly motivated by user-generated information and reviews. Social media increases the presence and exposure of retailers. Retailers can use top social media platforms such as Facebook, Instagram, Pinterest, youtube, etc., to sell the products.

e. Reverse Showrooming is Beneficial for Retailers – As per a Business insider, 69 % of people have done reverse showrooming in the U.S. This offline and online mix of experience allows retailers to understand customer buying behavior, making it easier for retailers to serve them personalized in future purchases.

f. IoT (Internet of things) for business efficiency and intelligence – sensors are deployed across the retail value chain to track and collect the required data. The commonly used sensors are card readers, cameras, scanners, NFC tags, smartphones, etc. These sensors give detailed insights into buying behavior and other important information.

g. Voice Recognition and Virtual Reality – Various voice assistants like Amazon Alexa, Apple Siri, Google Assist are used by consumers for faster search results. Hence retailers should work fast towards ensuring that speech-led voice assistants quickly suggest their products.

h. Beacons in Retail: When retail apps detect the beacon technology, it sends location-specific information to the store’s server, such as the department the customer just passed by. This data, coupled with other details in the customer’s profile, triggers specific actions, for instance, sending personalized promotions/discounts for visitors to make a purchase.

Buying behavior has led to rapid transformation in the retail industry. This has opened up new opportunities for retailers to innovatively and timely engage with their customers. For this, remodeling of the retail sector is a must. Retail is in customer’s homes and hands now. This is the right time and opportunity for retailers to act and ensure that their business is future-ready. In case you want to know further about the digital transformation in retail and how to leverage it for your business, feel free to contact our experts today.

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One more platform to follow our posts.

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Developing and Launching an NFT Marketplace 101

Advancements in the Fintech world have to lead to a two-fold expansion, first in the Crypto market and then in the ‘NFT’ or a Non-Fungible Token world. Currently, NFT transactions have reached an absolute high of $250 million compared to the transactions in 2021, increasing 299%. This accounts for a rise in the total active wallet count and transactions by 97%. The fact that NFT’s have just been introduced only in 2015 and do not have an upper limit to grow is scary! It’s time to think about adapting the same. And hence, we have gathered all that we could on creating an NFT marketplace for your business.

Everything to know about NFT Marketplaces

Before we start further, let’s revisit the definition of an NFT or a Non-Fungible Token. An NFT or a Non-Fungible Token is a digital asset that is impossible to exchange or trade at an equivalent rate/unit. Usually, these are pieces of art, video games, and digital assets.

Some specific properties of an NFT are:

Indivisibility: Dividing these tokens into different denominations is not possible.

Authenticity: Each NFT that people own is easy to verify.

Non-interchangeability: NFT’s are never interchangeable or equal to one another, so there can’t be any barter system.

Programmability: NFT’s involve crafting, generating, and forging. This makes it have an endless amount of chances and variations.

Scarcity: Various particular characteristics of an NFT can be impossible to alter once launched.  

What is an NFT Marketplace?

Next comes an NFT Marketplace, a decentralized platform allowing users to create, buy, sell and store NFTs. For instance, the Valuables NFT marketplace enables users to buy and sell tweets. Before moving to the development part, you should think about the platform to be launched, the technology, and the idea behind an NFT marketplace.

The Growth of NFT Marketplaces

One of the most popular NFT Marketplace platforms is OpenSea. Let’s analyze its growth in recent years to understand the development of NFT Marketplaces as a whole. Only during the second half of 2020, Open Sea grew from the equivalent of US$1 million per month to over $20 million per month. This is an increase of 20 times in just six months, which is extraordinary!

The number of artist-sellers grew 500% from 1,395 in June 2020 to 8,770 by the end of the year. The artist-sellers on OpenSea continue to grow exponentially. Another famous platform, SuperRare, garnered tens of millions in new sales in recent weeks and has just raised $9 million from investors. There is huge scope in NFT Marketplaces at the moment!

How does an NFT Marketplace work?

An NFT Marketplace requires users to sign up for the digital wallet. Users can upload their assets/ work onto these platforms and exhibit them throughout. They can also select the payment tokens they prefer working in. The next step in the workflow is to put these items under a bid or for a fixed price. A smart contract and transaction need to be set up while listing an item.

a. Crypto wallets:

Crypto wallets are used by both the buyers and sellers, wherein they have all the information about a particular NFT. These apps/wallets do not store an NFT but only contain the owner’s digital asset/file location.

b. Operation Costs

A myth about digital currency is that there are no hidden costs involved, unlike the banking and payment card industry. Users often forget the operational costs involved with digital transactions. The price of NFTs may also include the energy costs of brokering the transaction on the network and converting money into cryptocurrency.

c. Smart Contracts

Smart contracts spell out the terms and conditions between buyers and sellers. The agreement validates itself once the buyer meets the seller’s terms and the transaction becomes irreversible.

Features of an ideal NFT Marketplace

Since you know how NFT marketplaces work and what types of platforms are on the market, you need to understand whom you are developing your platform for and what problems it can solve.

a. Storefront:

NFT Marketplace must have a storefront that offers users all the information required for bids, owners, preview, and price history.  While artists can’t copy a particular NFT, they can release multiple NFTs of the same image. Marketplaces usually give these different number labels to differentiate.  

b. Filters:

With filters, users can easily navigate a site for their preferred collectibles. Also, there can be added features for payment methods, listing status, and categories.

c. Listings:

Having listings on the Marketplace allows users to send relevant categorical collectibles quickly. These listings usually have a sorted description and an even better ‘tag’ system for users to scan through.

d. Wallet:

One of the major concerns for people dealing with NFTs (both buying and selling) is the security of funds. Hence, a secure platform is the need of the hour. An ideal marketplace needs to be connected with a “native” wallet instead of forcing your buyers to sign up with other online wallets. . It would help if you did not create a wallet from scratch. Think about integrating your service with options like Formatic or Coinbase. Usually, the technology applied to create these marketplaces are -Ethereum, Flow, Tezos, Cardano.

How can we help you build one?

If you’re looking to build an NFT Marketplace, we can take care of everything from setting up tools for you to work through smart contracts. Once we understand the project’s scope, we can develop a user-friendly front-end that works for buyers and artists. For more information, contact our experts here.

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How to Ensure Streamlined User Experience In Automotive Industry

The competition in the automotive industry has increased in the last two decades, and companies fight to keep up with the rapidly changing trends. Like other industries, automotive companies have started to embrace digital transformation in user experience and comfort, data, and connectivity. Meeting customer demands and improving user experience has been the utmost priority for every industry that exists. Factors other than customer demand involve – product design, manufacturing, maintenance, operations, and sales & marketing.

Digital transformation automotive promises a strong position in the marketplace and being ahead in the competition. Many car manufacturers all around the world are equipping their cars with features like browsers, streaming services, and a car app that can control the cooling are integrated with automotive capabilities. Some basic features that strengthen the overall experience like

Assistive driving and parking

Customized navigation and media content

Connection to different applications and social media

Customers are looking for a better personalized and connected car-buying experience; it’s no longer limited to an all-day affair at the dealership. Shoppers can now explore a wide range of models virtually and evaluate options. The role of digital transformation has shifted to a more advanced form of the digitized factory. This doesn’t end here. Let’s dive into the multiple aspects of the role of digital transformation in the automotive industry.  

The role of digital transformation in the automotive Industry explained

1. Digital assistance and buying process

Earlier, customers had limited options, ratings to compare before buying a vehicle. As a result, they often felt overwhelmed and ill-informed. Although there were some websites and online search capabilities for more information, buying a car was viewed as a high-pressure task rather than an exhilarated purchase experience.

With a wide array of digital resources, all pertinent buying information is available to the customer for detailed research. In addition, Digital marketplaces are now equipped with virtual reality capabilities allowing customers to sneak a 360-degree view inside and out.

2. ADAS – (Advanced Driver-Assistance System)

Self-driving cars became a reality thanks to the collaboration of several technologies like – GPS, cameras, assistive sensors, AI, IoT, and algorithms. Assisted driving is becoming more mainstream every day. Moreover, the ultimate goal is to make ADAS economical and available to a larger customer base. Self-driving vehicles are becoming more prevalent and driver’s assistance is becoming more acceptable all around the world

For instance, Tesla is one of the most valuable car manufacturers since 2020 that shook the automotive industry with its self-driving and electric vehicles. With a market capitalization of over $660 billion as of May 2021, Tesla is on top of the game in digital transformation in Automotive.

3. Customer’s Data Protection and Security

Many modern cars with connectivity to applications and social media save and collect data on navigation, traffic patterns, destination, etc. The data is helpful to engage and communicate with the driver to create a more personalized experience. However, this data also needs to be secured and encrypted from hacker’s prying eyes. Therefore, manufacturers are constantly updating their security and protection to continue their digital revolution.

4. Predictive maintenance

With data connectivity and digitization, intelligent components like sensors/self-diagnostic/on-board diagnostic systems gather data about the vehicle performance and send it to the cloud to:

Notify drivers of a potential incidents

Prevent mechanical failures

Proactive service of the vehicle

The expectation is that it will lower automotive accidents and vehicle breakdowns while giving peace of mind to customers and freedom to travel. With this, the servicing of a vehicle has also become digitized which includes maintenance, repair, and system updates

5. Sales

With emerging technologies in all spheres, automotive industries benefit significantly from using applications and software for mundane tasks. Recently, companies have started using “Chatbots” to answer common user questions and boost sales. This eliminates the need to hold on to customer care numbers and wait to get the doubts cleared.

Many manufacturers have endorsed different strategies for marketing and a unified digital experience. For example, they have developed digital showrooms where customers can configure a life-size car model using real-time 3D rendering technology. Such characteristics have piqued the customer’s interests and continue to wow them.

The industry has learned the significance of a digitally enhanced experience while researching, purchasing, or operating a car. But, first, the manufacturers can improve their digital footprints and understand the underlying technologies to give their potential customers the information they need. Various technologies that enable this digitization are – Machine Learning (ML), task mining, robotic process automation (RPA), process mining, and deep learning algorithms.

In conclusion, the new automotive approach isn’t without obstacles. Dealers and manufacturers need to get ahead among others and treat threats to develop forward-thinking solutions. Some still face the challenge of managing data and utilizing it to drive revenue, customer satisfaction, and growth. The demand for innovative technology is increasing, and it drastically reshapes how society interacts with vehicles. Automakers that evolve into embracing the digital opportunity are seizing the competitive edge. In case you want to know and get on more digital marketing opportunities in the automotive industry, feel free to get in touch with our experts.

[copperdigitalinc]

Buying behavior has led to rapid transformation in the retail industry. This has opened up new opportunities for retailers to innovatively and timely engage with their customers. For this, remodeling of the retail sector is a must. Retail is in customer’s homes and hands now. This is the right time and opportunity for retailers to act and ensure that their business is future-ready. In case you want to know further about the digital transformation in retail and how to leverage it for your business, feel free to contact our experts today.

[copperdigitalinc]

The new automotive approach isn’t without obstacles. Dealers and manufacturers need to get ahead among others and treat threats to develop forward-thinking solutions. Some still face the challenge of managing data and utilizing it to drive revenue, customer satisfaction, and growth. The demand for innovative technology is increasing, and it drastically reshapes how society interacts with vehicles. Automakers that evolve into embracing the digital opportunity are seizing the competitive edge. In case you want to know and get on more digital marketing opportunities in the automotive industry, feel free to get in touch with our experts.

[copperdigitalinc]

Copper Mobile Ranks for the first time on the Inc. 5000 List!

NEW YORK, August 17, 2021 – Inc. magazine today revealed that Copper Mobile Inc ranked high on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

“ Making the Inc. 5000 list for the first time is a huge testament to the innovative solutions we continue to provide to our customers”, said Copper Mobile’s CEO, Rupak Lohit. “Our laser-focus approach on delivering high-quality solutions coupled with a distinctive consultative approach and organizational process maturity has continued to allow us to grow rapidly, since the beginning of this journey that started in 2010. We are so humbled and proud of our ever-expanding portfolio of industry leaders who trust us time and again as their integrated advisor.“

Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20.

“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”

More about Inc. and the Inc. 5000

Methodology

Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million.

As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000.  Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

For more information about how we operate, feel free to talk to our experts here.

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Rise of a new megastructure

Newer structures are built on the foundation of existing ones. We were acquainted with the concept of 4G a few years ago, and it was a game-changer. It steadily became a norm across all countries of the world. Now, imagine a drastic step-up in the wireless connectivity from previous generations and blistering fast speeds. 5g or fifth generation of mobile connectivity is all set to shake things up!

To understand what it entails, let’s look at the numbers and compare them with the existing framework. 4G connectivity throughout the developed world manages around 21mbps for all our real-time streaming needs. 5G, on the other hand, would be able to achieve more than 10 GBPS making it 1000 times faster than the existing network connectivity!

It’s a significant increase in speed and a substantial increase in our capability to transmit data, with a density of around a million nodes per kilometer. 5G would enable millions of devices to be connected simultaneously, increase the data flow substantially, and improve the network connectivity like never before!

However, with the adoption of new technology comes concerns about health. One such organization that is entrusted with finding out the impact on living organisms is ACEBR or Australian Centre for Electromagnetic Bioeffects Research, one of the key institutes to advise the International Commission on Non-Ionizing Radiation Protection (ICNIRP).

According to their findings, they have attributed the rise in temperatures as one of the key outcomes of electromagnetic radiation from mobile phones. However, since 5G uses transmission frequencies that are very high, it is not a cause of major concerns. The penetration of electromagnetic waves in human tissues is inversely proportional to the frequency. Hence, the team at ACEBR feels that it would be safe to implement in the long run. The benefits, as far as the studies are concerned, outweigh the cons. With the EU set to adopt 5g coverage all across by 2025, societies would be reshaped.

Societies would change

The actual use of 5G is poised to creating ecosystems of connected devices and networks, enabling humankind to be more relevant and efficient than ever before. Car companies like Tesla are already implementing autonomous modes of transport, and 5g would be pivotal to make a seamless integration and information parsing between connected cars. This technology is called V2X or vehicle to vehicle communication.

This new technology would profoundly impact not just autonomous vehicles but also the entire ecosystem of the internet of things or IoT, which would increase to 3.2 billion by 2023. With more excellent connectivity and coverage, the devices would work seamlessly, but the reliability aspect would increase manifolds, due to the high network coverage of the 5G technology.5g would impact almost all walks of our lives. Newer concepts that existed in SciFi would take shape in the real world. For example, mixed reality- an idea that captured every child and adult’s imagination in the 1985 movie- Back to the Future would be a norm with the technology’s implementation.

Collaborative robots or “COBOTS” would come to life. People would share their workspaces with their fellow workers, who would be robots! This implementation would be first adopted in the manufacturing industry and would later spread to other verticals. The way we work would drastically change. One of the main soothsayers who foresaw this was Andrew Yang, whose main presidential plan was to give Americans a Universal Basic Income to survive when the more efficient robots would eventually replace them.

Healthcare would see some of the most dynamics shifts as well, with doctors being able to perform remote surgeries for the patients in critical need. Using robots capable of intricate movements and precision, doctors would be prone to fewer manual errors during surgical processes. People would be able to avail of the best doctors without having to travel in their conditions. This would be a huge convenience and help save lives by connecting the desired medical practitioner with the patient.

On-demand streaming media, which is already replacing the cable network television, would be able to broadcast content in Ultra High Definition. Entertainment would be more realistic than ever before, and streaming media would dominate the cable television industry. The impacts of 5G technology would be truly revolutionary, and the changes would be deeply entrenched in human society.

Source Rise of a new megastructure