  We calculate the gauge terms of the one-loop anomalous dimension matrix for
the dimension-six operators of the Standard Model effective field theory (SM
EFT). Combining these results with our previous results for the $\lambda$ and
Yukawa coupling terms completes the calculation of the one-loop anomalous
dimension matrix for the dimension-six operators. There are 1350 $CP$-even and
$1149$ $CP$-odd parameters in the dimension-six Lagrangian for 3 generations,
and our results give the entire $2499 \times 2499$ anomalous dimension matrix.
We discuss how the renormalization of the dimension-six operators, and the
additional renormalization of the dimension $d \le 4$ terms of the SM
Lagrangian due to dimension-six operators, lays the groundwork for future
precision studies of the SM EFT aimed at constraining the effects of new
physics through precision measurements at the electroweak scale. As some sample
applications, we discuss some aspects of the full RGE improved result for
essential processes such as $gg \to h$, $h \to \gamma \gamma$ and $h \to Z
\gamma$, for Higgs couplings to fermions, for the precision electroweak
parameters $S$ and $T$, and for the operators that modify important processes
in precision electroweak phenomenology, such as the three-body Higgs boson
decay $h \rightarrow Z \, \ell^+ \, \ell^-$ and triple gauge boson couplings.
We discuss how the renormalization group improved results can be used to study
the flavor problem in the SM EFT, and to test the minimal flavor violation
(MFV) hypothesis. We briefly discuss the renormalization effects on the dipole
coefficient $C_{e\gamma}$ which contributes to $\mu \to e \gamma$ and to the
muon and electron magnetic and electric dipole moments.
