At this point, you have likely heard the term “5G” thrown around in similar fashion to AI (artificial intelligence), autonomous driving, and IoT (internet of things). The evolution of fifth-generation (hence, 5G) cellular/mobile networks will provide a host of opportunities for businesses, consumers, public entities, and investors alike in the years ahead as the new mobile communication superhighway will facilitate the faster transmission of increasingly large data volumes. While increased data flow brings with it incremental cybersecurity and personal information sharing challenges, if managed responsibly the benefits of 5G stand to outweigh the risks.
Automobile Industry & the Electric Vehicle Revolution
The growth of the global automobile industry over the past century has been intrinsically tied to the internal combustion engine. Rapid advances in battery technology represent a sea change for the industry that has fueled the accelerating global rollout of electrified vehicles that will displace demand for conventional vehicles. The electrification of vehicles, both passenger and commercial, is a game changer that will disrupt the staid industry. Traditional manufacturers, suppliers, and distributors will be forced to confront the new electric car reality and the different competitors, economics, and regulations that accompany it. If done right, this important shift can have a significant positive effect on carbon emissions.