The hype around 5G and its relation to the IoT (Internet of Things) industry has been growing exponentially since its initial launch in 2012. So far, numerous telecoms have promised that 5G will be the next-generation mobile network that provides everything from superfast bandwidth speeds, to ultra-low latency, to ten-times the geographic coverage.

However, the attempts to decode what all this means for product creators and enterprises who have some investment in 5G and IoT typically lacks real substance and clarity. While 5G networks may fundamentally transform mobile cellular networks, they are still in early deployment stages despite the just-around-the-corner narrative that is being spread.