Gi-Fi is a next generation wireless technology that allows data transfer speeds up to 5 gigabits per second within a 10 meter range. It aims to overcome the slow transfer speeds and high power consumption of existing technologies like Bluetooth and Wi-Fi. Gi-Fi operates using 60GHz frequency and supports the IEEE 802.15.3C standard. It is expected to become the dominant wireless networking technology within 5 years, enabling wirelessly connected homes and offices with fast, low-cost broadband access.