5G, the latest iteration of wireless cellular technologies, has started to be rolled out by network operators and industry stakeholders. Previous iterations of technologies (3G and 4G) were developed with a consumer-oriented focus. However, 5G will have further reaching impacts; enabling a large number of use cases in IoT sectors such as healthcare, automotive industries, smart cities and mobile broadband. 5G networks will deliver high bandwidth and low latency that supports services such as UHD (Ultra High Definition) video streaming.
Usage of voice commands has increased since the COVID-19 outbreak, with 52% of voice assistant users saying they use voice tech several times a day or nearly every day, compared to 46% before the outbreak.
Popularity of voice assistants is driven by their ability to facilitate touch-free human–computer interactions in a natural and intuitive way, similar to the conversations between human beings.
At present, the majority of commercially available 5G services are delivered over NSA (Non-standalone) networks, which are based on 4G infrastructure. Whilst there are international 5G roaming agreements currently in place, we believe that operators are reluctant to establish such agreements until the roll-out of SA (Standalone) networks becomes more widespread. Operators with 5G roaming agreements in place will need to make contingencies for SA networks; ensuring interoperability between the two network architectures. This has the potential to be a costly endeavour for operators.
Since the announcement of PSD2 (Second Payment Service Directive) in the EU, the financial services market has inexorably been moving towards a model which is more open, transparent and interlinked. Open Banking and APIs are major enablers to changing the financial services market in this fundamental way.