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New Development in Toronto Is "Choreographed City-Building"
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"The Well" will include connections to public transit, airports and major highways with the main focus of the development being "to keep the things people want most within easy reach." In addition to the major building development, "The Well" will also include a vast green space along the southern edge with various spaces to eat, shop, live and play.

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Main article: Product line extension

Product line extension is the procedure of entering a new market segment in its product class by means of using a current brand name. An example of this is the Campbell Soup Company , primarily a producer of canned soups. They utilize a multiproduct branding strategy by way of soup line extensions. They have over 100 soup flavours putting forward varieties such as regular Campbell soup, condensed, chunky, fresh-brewed, organic, and soup on the go. This approach is seen as favourable as it can result in a lower promotion costs and advertising due to the same name being used on all products, therefore increasing the level of brand awareness. Although, line extension has potential negative outcomes with one being that other items in the company's line may be disadvantaged because of the sale of the extension. Line extensions work at their best when they deliver an increase in company revenue by enticing new buyers or by removing sales from competitors.

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That’s just the start of 5G -- South Korea’s attempt to showcase the first-in-the-world commercial use of the technology that’s not scheduled to roll out globally until 2020. At the Games, shuttle buses run with no humans at the wheel, and 360-degree images in real time show competing figure skaters as they glide around the ice.

Fifth-generation wireless networks are designed to be wicked fast, about 100 times faster than 4G. At 10 gigabits a second, 5G can send a full-length high-definition movie in seconds. It also paves the way for the "internet of things," where devices from refrigerators to traffic lights to dog collars can talk to each other.

The tech industry is counting on the new capabilities: 5G will be important for developing artificial intelligence, drones, self-driving vehicles, robots and other machines that transmit massive data in real time, said Sandra Rivera, Intel Corp.’s California-based senior vice president overseeing network platforms. In other words, if computers talk to each other like children in 4G now, they’ll soon speak like grown-ups in 5G.

“It really is, we call it, the era of machines,” Rivera said in an interview. “Machines are coming, and the 5G is a big enabler with that true convergence of computing and communications.”

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After the Games are over, the technology will go offline as developers analyze the data and work out kinks. 5G is due to be rolled out by South Korea’s wireless carriers next year.

In the past, sporting events have helped introduce new technology, such as the high-speed trains unveiled at the 1964 Tokyo Olympics. Color television also went mainstream after the Games in Japan, which will host the Summer Games in 2020.

About 1 billion people worldwide are likely to be 5G-enabled within five years, and that will lead to $12.3 trillion in global economic output by the mid-2030s, according to researchers from Ericsson and IHS Markit.

Due to its speed, 5G opens possibilities that even engineers still aren’t aware of, much like the explosion of apps after the release of the iPhone.

Read More on How 5G Will Juice Up Your Phone: QuickTake QA

“The technology has great promise to enable new types-of-use cases,” said Chris Lane, a Hong Kong-based analyst at Sanford C. Bernstein Co. “However, it will take many years for the full functionality to be developed and for applications that make use of this to appear.

As part of the Pyeongchang rollout, tiny 5G-linked cameras attached to bobsleds will stream live video from the point of view of the pilots. The 360-degree videos of figure-skating events will allow viewers to stop the action to view twists and turns from every angle. Self-driving shuttle buses have interior video screens showing live coverage of events in 5G instead of windows, and use 5G to navigate the roads.

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