FINSERV
“ Many are turning to colocation as the answer ; providing the connections to strategic partners fintechs need , while ensuring infrastructure remains secure , resilient ”
MARK WHITE TELEHOUSE
an exchange of electrical impulses in cyberspace , security and software will become inseparable .
“ Everyone will recognise that security must be part of every phase of software , from its design and creation through to its testing , deployment , and operation . In the same way that safety is woven inextricably into the fabric of automobile manufacturing , cybersecurity will be woven inextricably into the fabric of software — how it is built , how it is deployed , and how it is operated .” velocity enabling a whole new breed of realtime applications ,” says Devgan .
He points out that a consumer ’ s behavioural data can be analysed in realtime to provide more context-aware recommendations . As a result , fintechs now need to instantly understand customers ( particularly those influenced by online trends ) and increasingly process data streams as the data is generated .
In addition , he says , it will be much easier to process an insurance claim in real-time by combining weather data with traffic conditions , vehicle and road conditions , photographs from the accident site and driver ’ s history .
“ 5G ultra-low latency use cases will require a combination of 5G networks and edge computing . Data analytics and artificial intelligence ( AI ) remains very challenging at the edge because available computing power is often limited by physical space . Faster edge data processing demands a data architecture that capitalises on advantages in both the software and memory layers .”
As long as security protocols are correctly observed , 5G , better connectivity and an increase in devices , will also result in a boost for the software industry . In fact , new 5G technology is estimated to provide various vital benefits to numerous sectors such as IT and telecoms , utilities and manufacturing , entertainment and media , transportation , aerospace , defence , healthcare and logistics .
“ Improved connectivity will not only increase data volumes but also result in
102 December 2021