Telecom Tech Outlook Weekly Brief
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While 5G technology advancements have provided real benefits to both employers and employees by increasing functionality, accessibility, and productivity, consumers have expressed dissatisfaction with the availability of innovative services and expect new applications.
Fremont, CA: Telecom plays the most important role of any industry in facilitating the transition to a hybrid work model. As a result of the COVID-19 pandemic, providers saw a massive increase in network traffic. A Belgian telecom operator, Proximus reported a 50-60 percent increase in voice and internet usage during the first few weeks of the lockdown. Households around the world rely on telco services for everything from remote working and virtual school to live streaming entertainment and more.
Telecom advancements in accessibility, speed and security have all contributed to this seismic shift. Telcos have the opportunity to improve their customers' digital experiences and pave the way for industry-wide sustainable innovation by enabling faster and more secure online interactions. In this article, we look at four key trends that will help the telecom sector grow and businesses transition to a more sustainable future.
Everything from remote work to remote manufacturing is possible with connected devices. The number of connected devices is expected to reach 46 billion by 2021. Another 31 billion IoT devices will be installed globally by the end of 2021.
Telcos have a fantastic opportunity to cultivate relationships with device manufacturers and create innovative applications that generate revenue from IoT solutions. Industrial IoT uses a network of sensor devices to collect data and insights about the efficiency of manufacturing operations, resulting in less machine downtime, more agile operations, and more efficient energy use. The methods by which businesses can manage this data are becoming a pressing concern. Automating data processes can put providers in a better position to share compliant data with third-party vendors for the development and testing of IoT solutions.
Analysts predict that by 2024, there will be nearly 1.9 million 5G subscriptions worldwide. While 5G technology advancements have provided real benefits to both employers and employees by increasing functionality, accessibility, and productivity, consumers have expressed dissatisfaction with the availability of innovative services and expect new applications. According to a report by the Swedish telecom company Ericsson, consumers are willing to pay 20-30 percent more for new products and services such as 5G TV, 5G in-car entertainment, 360-degree live streaming of events, and more.
However, the rate at which telco organizations can bring new products and services to market is determined by data. Telecom companies are utilizing DevOps and microservices to accelerate application development and the delivery of new capabilities to customers. DevOps combines development, quality assurance, and operations into a single set of processes to help businesses become more agile and adaptable. However, the data required for DevOps processes is frequently siloed and heavy, and data access is slow and manual. Development teams can keep up with changing business environments and customer preferences by having automated and continuous access to high-quality production-like data for testing, faster data provisioning, and API controls to refresh, rewind, bookmark, and version data.
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