Telecom Tech Outlook Weekly Brief
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Communication Service Providers (CSPs) provide the essential connectivity infrastructure for the smooth functioning and growth of a digital economy, which leads to increasing demand for broadband access. CSPs also face an increasing demand for higher quality service and better customer experiences.
FREMONT, CA: The telecom industry is no longer just a provider of basic services like network coverage and the internet; it is very much at the epicenter of the emerging disruptive technologies. The rise in video consumption and mobile device usage has lead to network providers facing increased traffic across the globe. The explosion of the Internet of Things (IoT) devices and imminent rollout of 5G services are likely to lead to a leap in data consumption. Communication Service Providers (CSPs) provide the essential connectivity infrastructure for the smooth functioning and growth of a digital economy, which leads to increasing demand for broadband access. CSPs also face an increasing demand for higher quality service and better customer experiences.
The telecom industry is one of the most dynamic sectors of business and is sensitive to technological advancements. At present, the telecom industry is experiencing a paradigm shift to 5G, Artificial Intelligence (AI), and IoT. In 2020, the adoption of these technologies will pick up pace and will usher a new era of IoT, blockchain technology, edge computing, cloud-based services, and 5G Internet connectivity.
Even before its arrival, 5G technology had everyone talking about it. The technology is likely to have radical implications for Internet connectivity, broadband width, and near-zero latency. The fifth generation of networking technology is touted to be the most advanced to date and is aimed towards businesses and consumers, and facilitates the creation, adoption, and roll out of never seen before technologies like self-driving vehicles on a mass scale, smart cities, autonomous robots, and much more. AT&T has already rolled out 5G connectivity across many cities in the U.S. and is likely to achieve nationwide implementation of 5G within the first half of 2020. The potential of 5G is immense, so much that it is expected to increase data caps by huge margins.
An AI-driven industry
Like all other sectors, AI will become an essential part of the telecom industry. AI can help CSPs in building self-optimizing networks that help operators to automatically optimize network quality based on traffic information by region and time zone. Predictive analytics-driven by AI can help telecom companies to provide better services by using data, sophisticated algorithms, and machine learning techniques to predict future outcomes based on historical data. Data-driven insights will soon become an integral part of telecom policies. Companies will look to leverage this data drive as it provides insights on the state of equipment, can anticipate the future based on patterns, and proactively fix problems with communications hardware, such as cell towers, power lines, data center servers, and even set-top boxes in customers’ homes.
Without a doubt, the success of a telecom company will be determined by their ability to adapt to the rapidly evolving technologies. It will be vital to maintain a competitive edge by remaining flexible, agile, and supporting the growing capacity to capture more opportunities. By adopting new technologies and following the trends, companies will be able to address issues in an organized manner.
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