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In countries where 5G is launched, remarkable growth could be seen in mobile data traffic. Reason? 5G's inherent capability to deliver significantly faster data rates, higher availability, low latency, and cheaper cost per bit makes it easier to use and share Ultra High Definition (UHD), Augmented Reality (AR), and Virtual Reality (VR) content. 5G will connect massive amounts of embedded sensors, enabled by IoT, in almost everything while supporting extremely low power consumption devices. There will be "smart" everything – from things to sectors – like smart cars, smart cities, smart factories, smart healthcare, smart agriculture, and so on.

To realize and enable the benefits of IoT, Telecom must devise a strategy centred around effective & efficient management of the data generated by the IoT devices. The next step is to validate or redesign their infrastructure for compatibility. The industry also needs to build a robust security network to address the growing volume of data transmissions, legacy technology, and signaling protocol.
More info: what is the gig economy - www.fieldengineer.com/skills/gig-economy-pros-and-cons