This might be the most exciting technology I’ve run across in a while… maybe since I came across this mysterious “internet” thing back in 1988 in a computer lab at school. The post there goes into more of the technical details, which are completely over my head. But this promotional video from Verizon hints at the possibilities:
The key part of the video is the statement by Praveen Atreya that LTE achieves download speeds between 5Mbps and 12Mbps on average, and upload speeds of 2Mbps and 5Mbps on average. That’s over the air… not a wifi signal at a Starbucks or something, but from cell towers.
That is… just insane. By way of comparison, my Verizon FIOS service that has fiber to the house, gets about 19Mbps on the downlink and 5Mbps on the uplink.
Combine with cloud computing and Cisco’s advertising tagline, “The Network Is the Computer” is closer to reality than ever. We’ll be returning to the days of mainframe computing with huge computers and thin clients, but with the cloud replacing the supercomputer and wireless devices running LTE replacing thin clients.
The implications for real estate, I think, would be immense — since LTE would have enormous implications for society as a whole, and business in general.