4 Trends That Will Elevate Telecom Industry To A New Digital Era!

By Telecom Tech Outlook | Thursday, October 17, 2019

The telecom industry is the most utilized and universally spread sector that needs to catch up on the trends to equalize itself among other industries that have moved forward. The trends that need immediate attention are discussed below. 

FREMONT, CA:  The telecom industry is one of the oldest industries that need a boost to compete against other sectors in the digital age. The industry is cutting-edge in so many ways but has one foot in the same infrastructure as the 20th century. 

Most of the voice communications in the industry are based on the public switched telephone network (PSTN), which consists of telephone connections, cellular networks, and communication satellites. But, this was the same system utilized in the early stages of telephone development when switchboard operators interlinked two phones directly through a connective line. 

These factors indicate that the telecom industry needs a makeover to align with the developments surrounding it. The most crucial trends that need attention in the telecom industry are: 

1. Respect the Power of WiFi:

With the widespread access to WiFi, through private networks and city-wide public WiFi networks, the necessity to pay for cellular coverage is depleting quicker than the oil reserves. The telecom providers are envious of the expansive coverage of WiFi, which has rendered the cellular network obsolete.  

To avoid this, it is high time for the telecom partners to accept the growth of WiFi and reconsider the astronomical prices for cell tower services and other bundled plans to retain the existence. A refurbished status of the telecom players can be obtained only if ample changes in the pricing is carried out, immediately  

2. Stop Encouraging Bundling:

Since the revenue generated from the voice and messaging has reduced drastically, the traditional U.S. carriers have increasingly bundled these services along with the core data offerings. This has been proven to be unsuccessful and has raised an important question as to how the network carriers can still be game with the acceptance of WiFi. 

With the dawn of the digital age, and the evolving next generation of users prefer to unbundle the songs, shows, communication, and channels. This next-generation revolution is mainly fuelled by the developments in software and technology, and the economics behind the ideas. Customers are more aware than before and urge to pay for the services they have utilized. The next-gen users have breathed life into the pay-per-use mantra of the telecom industry. Offers like pre-pay in carriers are good ideas in addition to the rollover of data.  

The notion of unbundled future in telecom being a distant reality, should be shattered, and the numerable solutions in place for voice- and text-over-IP should be diligently utilized. These VoIP and ToIP use the internet protocol as an interlinking entity between devices.  

If the mobile carriers transform their offerings and provide services in an unbundled and á la carte basis, loyalty for the carriers among customers can be replenished. 

3. Invoke Newer Strategies: 

Innumerable companies have succumbed to dissolution as they failed to harness the power of the internet. Consumers have avoided the hassle of heading into a physical store and have accustomed to conducting shopping online. This phenomenon should be considered by traditional telecom companies. If the telecom companies fail to instill newer ideas on the services. Customers will be forced to change teams.  

4. It’s Time to Fly Solo:

Phone numbers constitute the greatest social network; it is a random set of numbers that is used to identify a person and contact them. Each person has an associated individual number that represents everything linked to the person’s identity. 

The idea of tethering the number to one permanent device is archaic and does not align with the digital age at present. The telecommunication industry needs to provide a provision to change between two at any time on any device. 

Eventually, industries will grow and thrive or decline and collapse, depending on their ability to evolve with the times. The telecom industry has till now been dependent on the system that was designed almost 100 years ago. It’s time for the transformation of the outdated structure in favor of a changing digital model that provides users with the flexibility to communicate according to what they want, when and where they want.