Telecom Innovation Matters to Everybody

Consumers, entrepreneurs, business owners and industry professionals must follow telecom technologies trends. Learn why.

Telecom involves all products and services that help people connect, share and work throughout the distance. Landlines, mobile broadband and smartphones, cloud services and collaboration tools are tangible examples. Continuous research and development brings to life innovative technologies – such as 5G, virtualization, Internet of Things (IoT) and Augmented and Virtual Reality (AR/VR) – that can enable new services or make the access to existing ones more affordable for all stakeholders.

Therefore, we all – not only big competitors in specific verticals – must be aware of the principles that lead telecom evolution and transformation to take fully advantage of the next wave:

• Consumers Demand More Value and Better Experience. Telecom innovation drives new services and solutions to improve our lifestyle, communicate instantly with family and friends or simply enjoy better pricing from higher competition. In 2017, consumers spent worldwide $1.7 trillions in telecom and Pay TV services with mobile showing the fastest growth. Therefore, being conscious about innovation can help us decide which products suit our needs, exploit all benefits from our subscriptions and demand better service to our current providers.
• Entrepreneurs and Business Owners Follow High Growth Opportunities. They’re always going after the chance to disrupt an industry, develop sticky products, get more customers onboard or reduce operating costs through innovation. Former kings that dominated industries and ruled the economy have been dethroned by startups that embraced emerging technology to address customer’s expectations at cheaper costs. For example, back in 1994 Jeff Bezos learned that web usage was growing at 2,300% and he founded Amazon to sell books online to tackle that trend. Nowadays he’s the king of the online shopping after ousting conventional retailers.
• Service Providers and Industry Professionals Embrace New Skills. People who work in any industry that takes part throughout the supply chain of telecom services need to understand the challenges and think about potential solutions. Following trends and innovation is not only for tech savvy experts or geeks but also for anyone related with telecom. With knowledge about technological changes, professionals can assess threats and risks from their standpoint despite their specific roles and duties, anticipating new skills required for their job or organizational transformation. For instance, Qualcomm predicts that the 5G value chain will create 22 million jobs worldwide through 2035 to deploy and operate new networks and create revolutionary business models.

This blog website will provide a personal view on relevant topics that drive technology evolution in the telecommunications industry and how such changes impact all of us.