2010 saw the introduction of 4G, providing video and audio streaming as well as the explosion of social media. 2019 is here and we are on the horizon of 5G being rolled out. While the impact it will have on mobile devices is exciting, it is but the tip of an iceberg of possible outcomes.
It is safe to say that the future of marketing is about to undergo some big changes.
IoT (internet of things)
To put it in simple terms, IoT means taking all the ‘things’ in the world and connecting them to the internet. It can range from lightbulbs being controlled by a phone app to driverless lorries and smart cities, meaning there will be more understanding in the way consumers live and marketers must prepare to serve content and engage customers over various devices.
The healthcare industry can see remote monitoring, smart sensors and medical device integration coming in. Meaning it is now time for health care marketers to develop targeted funnels for data and investigate where silos are within their organization so communication is more open and fluid.
Data will be enhanced in real time, meaning getting the right message to the right person at the right time will be easier than ever. Also a higher understanding over consumers living and purchasing behaviour will be available. With increasing concerns over big data arise, regulations like GDPR will play a key role in keeping consumes safe.
Augmented and Virtual Reality
They have been long hyped with claims of classrooms without a teacher or being able to try on thousands of clothes from the comfort of your home. Ultimately, it has been held back by the capabilities of 4G, meaning 5G will the catalyst needed for its potential.
Replacing video with immersive experience will a play a key role engaging customers.
As brand experience is at the forefront of marketers, companies spend a lot of time looking for the biggest friction points within a customer journey. 5G can help exponentially by improving connection speeds, getting a message at the most critical moments with an ability to personalise in an entirely new way.
Ad blockers are growing issue for digital marketing. It has been reported that 36% of people use them because their advert speeds are too slow. No lag time could see consumers decrease their use of ad blockers. Meaning, marketers will be able to show ads to more people and faster.
Finally, interactive adverts will be more common. With higher data processing rates, advertisers will have more opportunities to make creative and high quality ads to engage consumers.
Products and ideas we are yet to imagine
No one could have predicted the likes of Facebook and Uber from 4G, so we are yet to see what new innovation 5G will help bring.
5G has been launched in the UK by EE in six cities and Vodafone currently has launched in 15 towns and cities (1), however it will still take time over the next year for it to be available for all. Marketers need to prepare for the competitive asset 5G provides as consumers will be able to get what they want, when they want.