Telecom Tech Outlook Weekly Brief
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Keeping in mind some growth opportunities of the telecom industry and the potential challenges to achieve them; let's discuss some trends that are likely to shape the future of telecom industry as a whole
FREMONT, CA: With the development and deployment of new technologies, telecom providers are exploring ways to use them to attract customers at scale, expand the growth initiatives, and influence the future of telecom. Integrating innovations like 5G sound alluring but practically not as easy as said. New technology creates great potential for the future of telecom but to get there, organizations have to do much homework now.
Keeping in mind some growth opportunities of the telecom industry and the potential challenges to achieve them, let's discuss some trends that are likely to shape the future of the
Telecom Industry as a whole Edge Computing
The future of telecom will surely bring one thing with it - edge computing. 5G technology will enable the edge computing to create opportunities for organizations to aggregate, store, and process their data at the network edge rather than on the premise as they've traditionally done. It brings several benefits to the organizations that have taken an extra step to implement edge computing. Reduced latency, network bandwidth savings, and improved reliability are some of the benefits that businesses get after deploying edge computing across its workforce.
Protection of Private Data
The telecom industry has never taken consumer data privacy and security as a priority concern. As a result of which, 23 percent of U.S. households have been affected by identity theft and financial loss because of unauthorized use of their sensitive data. Before prospering any further, the telcos must work harder to create digital environments which are comparatively safer for consumers. There are number of acts and regulations which are leading the telcos to increase the security levels and examine the way they deal with consumer data.
5G's First Phase
The telecommunications industry is still in search of ways to harness maximum benefits of 5G to deliver business value to its customers. Without any doubt, 5G has the potential to address the applications innovatively, but telcos need to make enormous investments to explore this potential. Though the 5G technology is still stuck in its initial build stage, one can expect to see an entirely new generation of services where infrastructure, network, and equipment vendors are concerned.
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