We have all been rather dazzled by the technology that has been on display at the Olympic Games in South Korea this year. The country definitely made a point of putting on the best possible show that they could for the whole world to see. We have all gotten to take a look at it now, and it was rather impressive. One place that was definitely keeping an eye on it was Japan.
Organizers for the 2020 Olympics in Tokyo, Japan tell CNBC that they want to surpass the technological development of the current Olympic Games. Japan wants to show the rest of the world that they are in fact the top of the food chain when it comes to technology.
The current Games in South Korea have been able to show off the 5G Network that is still in development but has a lot of promise to it. It is an incredible network that puts 4G and other previous networks to shame. Unfortunately, it is not expected to be ready for its public debut until around 2020. That could be perfect timing for Japan though who wants to put on the best possible Olympic Games from a technology standpoint right at that time.
One of the companies that is going to step up their efforts to make Tokyo 2020 the most technologically advanced yet is Cisco. They are preparing for the Games and the fact that 8k definition television and 5G Internet should both be available at that point in time.
Some of the top sponsors for the current Games are also getting in on the action with the Games in Tokyo in 2020. They are saying that they are going to step up their efforts to make sure that Tokyo is able to impress the rest of the world. At the same time, Japan would like to work to keep the cost of putting on the Olympics to a minimum. The current budget as laid out by the government of Japan is $12.6 billion dollars. That sounds like a lot of money, but it gets eaten away quickly when putting on an event that is to the scale of the Olympic Games. It is not surprising to see that a country would want to keep their costs for these Games down. What is surprising is that Japan wants to do that while at the same time insisting on the best technology.