5G doesn’t just mean quicker internet speeds to prevent YouTube buffering inconveniences. Instead, it also means autonomous vehicles working better, the ability to more easily transfer huge swaths of data and the emergence of new tech initiatives.

During Legalweek’s “Is 5G the Next Step of Your Digital Transformation?” panel, Verizon 5G Labs innovation manager Cory Terzis and CIV:Lab executive director Simon Sylvester-Chaudhuri explained how they picture 5G impacting business-to-business transactions.