Research uncovers widespread support for investment in 5G networks and smart city services to boost rail users' safety and connectivity - Canada NewsWire | Canada News Media
Research uncovers widespread support for investment in 5G networks and smart city services to boost rail users' safety and connectivity – Canada NewsWire
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]
TORONTO – Canada’s main stock index was down more than 200 points in late-morning trading, weighed down by losses in the technology, base metal and energy sectors, while U.S. stock markets also fell.
The S&P/TSX composite index was down 239.24 points at 22,749.04.
In New York, the Dow Jones industrial average was down 312.36 points at 40,443.39. The S&P 500 index was down 80.94 points at 5,422.47, while the Nasdaq composite was down 380.17 points at 16,747.49.
The Canadian dollar traded for 73.80 cents US compared with 74.00 cents US on Thursday.
The October crude oil contract was down US$1.07 at US$68.08 per barrel and the October natural gas contract was up less than a penny at US$2.26 per mmBTU.
The December gold contract was down US$2.10 at US$2,541.00 an ounce and the December copper contract was down four cents at US$4.10 a pound.
This report by The Canadian Press was first published Sept. 6, 2024.
TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in technology, financial and energy stocks, while U.S. stock markets also pushed higher.
The S&P/TSX composite index was up 171.41 points at 23,298.39.
In New York, the Dow Jones industrial average was up 278.37 points at 41,369.79. The S&P 500 index was up 38.17 points at 5,630.35, while the Nasdaq composite was up 177.15 points at 17,733.18.
The Canadian dollar traded for 74.19 cents US compared with 74.23 cents US on Wednesday.
The October crude oil contract was up US$1.75 at US$76.27 per barrel and the October natural gas contract was up less than a penny at US$2.10 per mmBTU.
The December gold contract was up US$18.70 at US$2,556.50 an ounce and the December copper contract was down less than a penny at US$4.22 a pound.
This report by The Canadian Press was first published Aug. 29, 2024.
The crypto market has recently experienced a significant downturn, mirroring broader risk asset sell-offs. Over the past week, Bitcoin’s price dropped by 24%, reaching $53,000, while Ethereum plummeted nearly a third to $2,340. Major altcoins also suffered, with Cardano down 27.7%, Solana 36.2%, Dogecoin 34.6%, XRP 23.1%, Shiba Inu 30.1%, and BNB 25.7%.
The severe downturn in the crypto market appears to be part of a broader flight to safety, triggered by disappointing economic data. A worse-than-expected unemployment report on Friday marked the beginning of a technical recession, as defined by the Sahm Rule. This rule identifies a recession when the three-month average unemployment rate rises by at least half a percentage point from its lowest point in the past year.
Friday’s figures met this threshold, signaling an abrupt economic downshift. Consequently, investors sought safer assets, leading to declines in major stock indices: the S&P 500 dropped 2%, the Nasdaq 2.5%, and the Dow 1.5%. This trend continued into Monday with further sell-offs overseas.
The crypto market’s rapid decline raises questions about its role as either a speculative asset or a hedge against inflation and recession. Despite hopes that crypto could act as a risk hedge, the recent crash suggests it remains a speculative investment.
Since the downturn, the crypto market has seen its largest three-day sell-off in nearly a year, losing over $500 billion in market value. According to CoinGlass data, this bloodbath wiped out more than $1 billion in leveraged positions within the last 24 hours, including $365 million in Bitcoin and $348 million in Ether.
Khushboo Khullar of Lightning Ventures, speaking to Bloomberg, argued that the crypto sell-off is part of a broader liquidity panic as traders rush to cover margin calls. Khullar views this as a temporary sell-off, presenting a potential buying opportunity.
Josh Gilbert, an eToro market analyst, supports Khullar’s perspective, suggesting that the expected Federal Reserve rate cuts could benefit crypto assets. “Crypto assets have sold off, but many investors will see an opportunity. We see Federal Reserve rate cuts, which are now likely to come sharper than expected, as hugely positive for crypto assets,” Gilbert told Coindesk.
Despite the recent volatility, crypto continues to make strides toward mainstream acceptance. Notably, Morgan Stanley will allow its advisors to offer Bitcoin ETFs starting Wednesday. This follows more than half a year after the introduction of the first Bitcoin ETF. The investment bank will enable over 15,000 of its financial advisors to sell BlackRock’s IBIT and Fidelity’s FBTC. This move is seen as a significant step toward the “mainstreamization” of crypto, given the lengthy regulatory and company processes in major investment banks.
The recent crypto market downturn highlights its volatility and the broader economic concerns affecting all risk assets. While some analysts see the current situation as a temporary sell-off and a buying opportunity, others caution against the speculative nature of crypto. As the market evolves, its role as a mainstream alternative asset continues to grow, marked by increasing institutional acceptance and new investment opportunities.
