Telecom industry is known for its dynamic transformative technologies that have been continuously bringing revolution to the world. We all have been hearing in the news that the approaching months are going to build more resilient networks with full commitments that introduce business and service excellence. With the greatest network of seamless connectivity, automation in everything, virtualization, 5G, AI, advanced controlling elements, service operations, and on-demand digital services, all promises are being fulfilled by the telecom sector.
These exceptional technologies for digital business transformation are consistently driving the rise of business excellence and its valuable applications. Let’s go through those top 5 telecom trends that will thrive in the year – 2023 and beyond that, no one could neglect and can create a major impact around the world.
1. 5G Technology – A New High Speed Era:
The next revolution has already taken place i.e. 5G networks as this technology is providing a major upliftment to the new emerging technologies. Since the introduction of this technology a few years ago, it has already doubled its subscriber base and will exemplify this in 2023 and beyond. According to a report published by Statista, the global 5G adoption rate was 1,004m in 2022 and will increase twofold in 2024 and thrice in 2026. This signifies how much dependency has been created on 5G technology to carry out any remote operations.
2. Artificial Intelligence – The Next Big Thing:
Every business around the world is opting for less labor-intensive data processing, Machine learning to remove data problems, and increasing the involvement of humans in analytical processes to draw our more predictive and precise analytics. AI has stood as a powerful tool for all these and transforming many industries through virtual assistance, chatbots, technical support, troubleshooting, network maintenance, traffic optimization, detection of fraud activities, and more.
3. Cloud Computing and Its Global Opportunities:
For long-term cost savings, quick and easy access to data 24*7, resolving security and privacy issues, easy scalability, lessening the infrastructure costs, more time to market, and better collaboration, Cloud computing plays a big role to scale in an organization. In 2023 and the coming years, we can raise our hopes as the telecoms industry will build services to enable cloud computing services through cloud platforms by introducing more new services, coping up demand fluctuations, cost reduction and more.
4. Cybersecurity, Blockchain, and Invincibility at Highest Quality:
Creating secure boundaries around our businesses for being ready to face any threats, phishing attacks, ransomware attacks, Zero-Day attacks, cyber risks, and more is becoming very crucial in the coming decade. Cybersecurity Ventures estimates that an increase in cybercrime and the need for digitized businesses and consumers to guard against such crimes will drive up expenditure on cybersecurity products and services to $1.75 trillion between 2021 and 2025. Whether it is Healthcare, Banking, Fintech, Education, or Hospitality, cybersecurity is becoming a part of businesses for securing the backbone of an organization.
Another way to advance cybersecurity is by implementing blockchain technology. Its widely distributed database structure could lead to a game-changer for millions of organizations to offer new and secure services.
5. IoT – A Bigger Picture For Future Operations:
From 13.14 Billion IoT-connected devices in 2022 to 17.08 Billion in 2024 worldwide the number of IoT connected devices will surge to triple in 2030, stats Statista. In all kinds of industry verticals, the use of IoT-connected devices is increasing significantly. Many organizations are integrating their networks with IoT-enabled devices for wider network reach and more flexible functionality.
Telcos are embarking on a great year!
Getting a deep understanding of our business assets is only possible by leveraging such technologies that are filled with innovations and secure connectivity. Drive efficiency for your business digital transformation and get a clear vision from analytics to reach your goals.
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