Published Jan 08, 2020 by Melissa Fox
5G technology has been touted as the next leap forward in the digital technology arena, and Houston is one of the first cities to roll out the new tech. But what is all this new investment about and how will it impact industries beyond technology?
5G networks need smaller and more closely deployed antennae that can attach to existing physical structures, such as light and telephone poles and buildings. These signals can also be carried faster and with more reliability.
T-Mobile became the latest telecom to turn on its 5G network in Houston and nationally, in December. Sprint, which is planning a merger with T-Mobile later this year, and Verizon turned on their 5G capability in Houston earlier in 2019.
In 2018 AT&T announced that it had 5G capabilities in multiple areas in Houston. The company also has invested nearly $1.5 billion in Houston wireless and wired networks from 2015-2018 in anticipation of 5G coverage. The investment also included updates to improve reliability, speed and performance.
These faster capabilities will offer businesses better opportunities to create new technologies and streamline old ones. When Accenture surveyed more the 6,600 business and IT executives for its Technology Vision 2019, 62% of the respondents said that 5G will have a significant impact on their industries within the next three years.
Infrastructure Networks, a Houston based oilfield telecommunications company, is working with telecommunications company Nokia to bring 5G networking capabilities to the Eagle Ford Shale of South Texas, the Permian Basin, and two additional shale basins outside of Texas. That integration will allow customers of Infrastructure Networks to send and receive large gigabytes of data faster than ever before.
"Operators, drillers and oilfield service companies can now embrace automation, artificial intelligence analytics and machine learning, only made accessible with next-generation, high-bandwidth, low-latency connectivity," Mark Slaughter, CEO of Infrastructure Networks, said in a statement this week.
As a 5G city, Houston has the potential to utilize this technology to move forward with smart city applications that could assist in reducing traffic congestion, lower energy usage and improve public safety. This new technology could also bolster the region's economy. Over the next seven years, 5G networks are estimated to create 3 million new jobs and contribute $500 billion to U.S. GDP.
"Houston has always been on the front line. It is who we are. It is in our DNA. We are a leading city," Mayor Sylvester Turner said at a roundtable discussion in October. "We didn't wait for somebody else to go to the moon. Or to be the energy capital of the world. Or the largest medical center in the world. But you don't stay at the front if you don't continue to lead."
Partnership Week continues with panel discussions featuring business leaders around topics critical to Houston'sÂ growth.Â Senior Partnership staff,Â board and industry leadersÂ will engage in conversations around theÂ Partnership's strategic priorities that support the advancement of Houston as a great global city. Panel discussions include:Â 11:10 a.m. -Â Race Equity. Leading through Action Courtney Johnson Rose, CEO, George E. Johnson Development Inc. Alex LÃ³pez Negrete, President and CEO, Lopez Negrete Communications Steve Stephens, President and CEO, Amegy Bank Moderator: LaTanya Flix,Â Senior Vice President, Diversity, Equity & Inclusion 11:55 a.m. - Building a Strong Diverse Economy David Leebron, President, Rice University Moderator: Susan Davenport, Chief Economic Development Officer, Greater Houston Partnership 12:45 p.m. -Â Energy Transition: Houston's Evolution Uwem Ukpong, Executive Vice President, Regions, Alliances & Enterprise Sales, Baker Hughes Jonathan Cox, Managing Director & Global Co-Head of Oil & Gas Investment Banking, J.P. MorganÂ Emily Reichert, Chief Executive Officer of Greentown LabsÂ Moderator: Bobby Tudor,Â Chairman, Tudor, Pickering, Holt & Co. LLC 1:35 p.m. -Â Digital Transformation. Houston's New Frontier Peter Beard, Senior Vice President, Regional Workforce Development, Greater Houston Partnership Werner Schaefer, VP, Sales and Marketing Group and General Manager, Network and Comm Sales, Intel Moderator: Amy Chronis, 2021 Partnership Chair, Houston Managing Partner, Deloitte Please check back for further details and confirmed speakers. Have questions about these topics and the Partnership's work? We encourage participants to pre-submit questions to our panelists by emailing firstname.lastname@example.org.Â Partnership Week This event is a part of Partnership Week, a multi-day opportunity to learn more about the Partnershipâs work and how members can get involved in our efforts to make Houston even greater. For more information about Partnership Week activities, click here.Â