The proliferation of smart edge devices and high-speed internet has revolutionized the telecommunications sector, and the advent of 5G is further bolstering this transformation. Cloud Telecom cover key segments like distribution, IoT/M2M, content/OTT, MVNO, and more. Telecom leaders are currently thought to be risking billions of dollars as they struggle to address a host of challenges. High-cost wireless and fixed connections, coverage outages, demand for improved customer service, and an ever-growing list of competitors are only some of the roadblocks in deriving ROI.
It’s essential for operators to alter this approach to remain relevant and for their businesses to be profitable. They will need to move beyond delivering connectivity to become digital ecosystem enablers, co-creating new services with partners and subscribers. Cloud Telecom converges three key tenets of modern business success: improved customer experience, service innovation, and competitiveness.
In addition to 5G, new technologies that create partnership opportunities include IoT, network function virtualization, software-defined networking, cloud-based platforms, and more.