- Real-time service information, personalised updates, reduced commuting times, improved safety in public spaces and access to reliable wireless networks are drivers of increased rail use.
- Four in five rail users (81%) are at least somewhat comfortable with their anonymised data being used to improve transport systems.
- Research suggests that advanced mobile networks and smart technology will be critical factors in restoring commuter confidence in public transport use in the post-pandemic world.
- Survey respondents believe 5G has the potential to improve the commuting experience from both a user and transport service perspective.
SYDNEY, Sept. 9, 2020 /CNW/ — BAI Communications, a global leader in communications infrastructure, today published a new report revealing current widespread support and a growing demand among rail users for transport authorities and operators to invest in 5G networks to enable smart city services that help them stay safe and connected.
The 2020 Connectivity outlook report by BAI Communications highlights the opinions and attitudes of rail users around the world regarding mobile connectivity, smart city infrastructure and data-driven services in public transport. It is informed by a recent global study commissioned by BAI, which surveyed over 2,400 rail users across five cities: Hong Kong, London, New York, Sydney and Toronto. BAI’s report is designed to help cities and governments understand the changing needs of rail users and the services that are valuable to them today.
Rail users want to see advancements in infrastructure. According to the survey, 91% of current rail users say they would support government authorities investing in new and reliable wireless and fibre networks and 83% say they support their city investing in 5G.
Attitudes towards the use of public transport are also influenced by technology investment. According to BAI’s findings, 95% of rail users are more likely to use the rail network in their city if technology-driven solutions were implemented. In addition, 9 out of 10 (89%) rail users think the government should consider how networks and digital connectivity can be used to redesign public spaces to make them safer and more accessible.
These findings suggest that citizens in the five cities covered in the global survey understand that advanced mobile networks provide benefits at both an individual level and to the broader public.
Leveraging rail users’ data to create transport efficiencies in the age of COVID-19
This study was conducted in the early stages of the COVID-19 pandemic, and while the full impact on public transport remains to be seen, these findings offer valuable insight and direction for transport operators and authorities grappling with the shifting priorities created by the evolving pandemic. Specifically, the need to invest in smart solutions that support connectivity and personalisation while alleviating concerns around public health and safety.
BAI’s findings show that citizens are increasingly understanding the benefits data can offer to enhance transport services in terms of reliability, safety and security. Four in five rail users (81%) are at least somewhat comfortable with their anonymised data being used to improve transport systems, while three quarters (75%) of commuters believe an evolved rail network would provide them with benefits to their wellbeing.
Justin Berger, Chief Strategy Officer, BAI Communications, said: “Our findings highlight the incentives for transport authorities and operators to invest in advanced communications infrastructure and smart city applications to improve rail users’ safety and their commuting experience.
“Citizens certainly expect public services such as transport to adjust to their new usage patterns and changing circumstances in real time, especially in the wake of the COVID-19 pandemic. Advanced communications networks and their applications can help authorities and public transport operators to respond to rail users’ new ways of travelling, working and living in a more efficient way.
“On a positive note, some transport operators are already starting to leverage anonymised mobile data to better understand users’ dynamic behaviour and to respond with different frequencies and availability of trains. Real-time mobile data can also help operators to better estimate platform crowding conditions, improve passenger flow management and to uncover new origin and destination patterns to deliver a service that prioritises safety and wellbeing.
“In this context where social distancing is a key consideration in crowded places, communications infrastructure is essential to the economic recovery of any major city. It is a critical consideration in how we design public spaces and how transport authorities and operators can ensure safe experiences for citizens accessing those spaces.
“COVID-19 has no doubt brought on many challenges. However, it has also revealed the considerable gains of deploying advanced communications infrastructure in transport systems and other public spaces. We believe there is no more pressing time than the present to making truly connected cities a reality.”
Key report findings
Advanced network infrastructure is the key to a smart city
- 91% of rail users would support government authorities investing in new and reliable wireless and fibre networks.
- 85% of rail users are interested in 5G (and 83% support their city investing in a 5G network).
- 93% of rail users would support transit systems which use connectivity to reduce commute times.
Data-driven services make transportation safer, smarter and more efficient
- 95% of rail users would be more likely to use the rail network in their city if technology-driven solutions were implemented.
- 91% of rail users are at least somewhat comfortable with the idea of receiving tailored alerts about problems or delays on their normal route.
- Four in five rail users (81%) are at least somewhat comfortable with their anonymised data being used to improve transport systems. It seems anxieties around data collection are receding, as people better understand the benefits on offer.
Connectivity gives citizens control over their time, their work and their wellbeing
- 4 in 5 workers (78%) would use public transport to get to meetings if they could reliably work on documents as they travel.
- 9 in 10 commuters (90%) would enjoy the journey more if rail networks evolved using connectivity, data and AI so they could have better services.
- 89% of rail users think their government should consider how networks and digital connectivity can be used to redesign public spaces to make them safer and more accessible.
For more information and to download the 2020 Connectivity outlook report, click here. This is the second benchmarking report of communications infrastructure in public transport conducted by BAI Communications. Read last year’s findings here.
SOURCE BAI Communications
For further information: Clare Dowswell, Media Relations (BCW), +61 450 731 372, [email protected]
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Car Insurance for Canadian
Car insurance is vital, like snow days and maple syrup. Part of the Canadian experience. Not all countries need insurance policies by regulation as Canada does; the concept of a pay-as-you-go fuel tax has also been used as a substitute for traditional auto insurance in some areas. But, no matter how important it is, investing in the service is never the wrong decision. Insurance will save motorists from the economic burden of the ultimate inevitability of the road: accidents. They’re going to happen to everybody, no matter their experience or ability. Driving, like every other aspect of human life, is naturally a human mistake.
Also, the most experienced driver can be distracted in our current driving climate. With a reputable insurer, financial stability is only one thing to think about. Between the radio, the billboards, and the careless children thrashing around in the back seat, a few minutes on the road will provide more means of diverting someone’s attention than a few hours in front of the TV. All it takes is a misconstrued stop on a slippery day or a neglected shoulder search to cause thousands of dollars of harm to your property or the property of others. If the accident’s cost exceeds the price of the vehicle that caused it, auto insurance will save the driver from financial ruin. The protection in an appropriate strategy protects drivers in ways that the airbag has never been able to do.
The security provided by insurance is so vital that it has been obligatory for any Canadian who hopes to get behind the wheel. However, some jurisdictions offer consumers a preference as to who is protected by their auto insurance. Coverage is always mandatory, but the strategy is malleable. The right of motorists to monitor their plans and coverage does not end with the business either. Car insurance premiums are affected by a variety of factors. While some of these items are beyond the control of motorists, such as age and gender, they can still make many choices to lower their prices. Choosing a reliable vehicle, traveling shorter distances, and having fewer tickets are items drivers can do to keep their car insurance premiums as low as possible.
Some drivers, particularly new ones, are wary of individualized rates – paying different amounts for other people. Insurance firms, though, are not swindlers or profit-seekers. They’re just trying to keep auto insurance prices as reasonable as possible. A car that leaves the garage twice a week is less likely to have an accident than a car that goes twice a day. Station wagons are more comfortable to fix than imported sports cars. Every person has different driving habits, so it only makes sense to have a foreign car insurance policy. Acquiring a car insurance policy is more than just making a deal; it is the start of a friendship that will help the driver out in the toughest of times.
Some provinces in Canada, where motorists have too many car insurance options, any additional information could save the insured motorist thousands of dollars. It pays to be updated. The right strategy will keep you safe when anything else doesn’t matter where you’re in Canada.
When it comes to investing, don't believe everything you see on TV – TheChronicleHerald.ca
Interest in investing is hitting new highs. Discount brokers are flooded with applications and trading volumes are surging. Despite this renewed focus, some misunderstandings persist about the realities of investing.
To illustrate, let’s deconstruct an investment conversation that you might have with a friend, colleague, or advisor. It goes like this.
“A guy on TV says the economy is strong and stocks are going up. It seems like a good time to invest. I don’t see much downside so I’m buying high-dividend stocks for my RRSP.”
A guy on TV
Many investors think there are people who know where the market is going. Experts who know something the rest of us don’t. The reality is, they don’t. Their insights may be interesting and unique, but any conclusions related to market timing aren’t worth the cup of coffee you’re drinking. It’s impossible to call the market level a week, month or even year from now with enough consistency to be useful. Stock prices are determined by a myriad of factors, many of which we’re unaware of until after they’ve emerged.
The economy looks good. I’m buying.
At the core of most market calls is an economic forecast. This is unfortunate because the connection between what the economy is doing and where the stock market is going is flimsy at best. It’s true that economic activity affects corporate profits, which ultimately drive stock prices, but the relationship is sloppy and unpredictable. Consider the last decade — we had the slowest economic recovery in history and yet profit margins were at or near record levels throughout, as were stock prices.
It bears repeating. Mr. Market is not paying attention to today’s economic headlines. He’s focusing on what the news might be in 12 to 18 months. The corporations you’re investing in aren’t reading the headlines either. They’re too busy trying to move their businesses ahead.
A good time to invest
For an investor with a multi-decade time frame, anytime is a good time. Some points in time, however, will be more prospective than others. These are periods when returns are projected to be higher based on fundamentals like rising profitability, low valuations and/or extremely negative investor sentiment. To be clear, these factors won’t tell you what’s about to happen, but will provide a tailwind over the next three to five years.
Not much downside
When you own a stock, the range of possible outcomes is always wider than you expect. It’s hard to conceive of a holding going down 20, 30 or 40 per cent, especially when things are going well. Unfortunately, recent price moves have no predictive value, they just provide false comfort.
The future for a stock that has recently done well is just as uncertain as one that hasn’t. Indeed, it may be riskier because its price-to-earnings multiple is higher (if profits haven’t kept up with the stock price), its dividend yield is lower and shareholders’ risk aversion, a necessary ingredient for good returns, has melted into complacency.
The higher the better
We all love dividends, but too many investors choose stocks based solely on yield. This is a problem because yield is not a measure of value for a stock like it is for a bond. A company’s worth is derived from it’s potential to earn profits into the future. Dividends are simply the portion of those earnings that get distributed to shareholders.
Yield-obsessed investors often downplay the importance of the stocks’ second source of return — price appreciation. Ask yourself the question: What would you rather have, a $10 stock yielding five per cent that’s worth $8, or a $10 stock with a three per cent yield that’s worth $12?
If you want to focus on dividend income, start with a list of stocks that have an acceptable yield. From there build a diversified portfolio of holdings that are trading at or below what they’re worth.
In your RRSP?
When asked, “What should I do in my RRSP (or TFSA),” I have only one answer. The most important thing driving your RRSP strategy is the strategy you’re pursuing for your overall portfolio (including other registered accounts, taxable accounts, pensions and income properties). Anything you do in your RRSP has to roll up into your household asset mix. In that vein, RRSP contributions are a wonderful tool for adjusting your overall portfolio because transactions have no tax consequences.
Investing is hard enough without basing decisions on false premises. If you find yourself listening to someone pontificate about where the market is going, try to change the subject or look for an escape.
Tom Bradley is
chair and chief investment officer
at Steadyhand Investment Funds, a company that offers individual investors low-fee investment funds and clear-cut advice. He can be reached at
Copyright Postmedia Network Inc., 2020
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