As digitisation becomes increasingly important for UK businesses, a strong network connection is essential for driving the nation’s economy. To support this, the UK government has invested £40 million to extend 5G coverage to all populated areas by 2030.
Small and medium businesses (SMBs) are particularly reliant on a reliable network connection, as downtime can result in significant revenue loss. With 5.6 million SMBs in operation, these businesses have been facing challenges due to increased interest rates, energy costs, and wages following the pandemic and energy crisis.
The introduction of faster, stabler, and more secure 5G connectivity could provide a lifeline for SMBs. This technology could enable SMBs to use IoT technologies, improve communication between remote employees, and enhance the reliability of payment systems. This presents an opportunity for SMBs to expand and thrive.
To prepare for the transition to 5G, SMBs should create a technology roadmap, ensure their infrastructure is 5G-compatible, review how 5G impacts customers, review contracts with network operators, and consider setting up a private 5G network if necessary.
The government aims to extend 5G coverage nationwide by 2030, with Vodafone pledging to provide 95% of the population with 5G by that time. The switch from 2G and 3G networks to 5G is important for SMBs, as it will lead to productivity savings and enhance business operations.
Ultimately, the expansion of 5G to rural areas will benefit businesses, particularly in sectors like agriculture, by allowing them to leverage IoT devices and improve productivity.
