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Home Technology Networking

Four steps to capture 5G returns

FutureIoT Editors by FutureIoT Editors
December 20, 2023
Photo by Z z from Pexels: https://www.pexels.com/photo/5g-metal-sign-under-wire-construction-6200343/

Photo by Z z from Pexels: https://www.pexels.com/photo/5g-metal-sign-under-wire-construction-6200343/

ABI Research says diminishing revenues, growing consumer demand for digital services, and a lucrative but underserved enterprise market mean that traditional telcos can no longer afford to be merely connectivity providers.

The firm says telcos must transition to becoming technology companies (techcos) to survive.

Dimitris Mavrakis

“The traditional telco business model must be reinvented. ABI Research sees a clear signal for mobile operators to increasingly deploy automated solutions to streamline operations, optimize resource allocation, and drive cost efficiencies. At the same time, the big focus now for mobile operators is on added consumer services and enterprises in dire need of 5G connectivity for their digital transformation efforts,” says Dimitris Mavrakis, senior director at ABI Research.

ABI Research says telcos must take these four steps telcos to transform into techcos:

  • Embrace 5G-as-a-Service
  • Invest in vertical ecosystems
  • Digitize network management
  • Become active contributors to cellular innovation

Transforming into a techco can be a huge change for many mobile operators, requiring a re-evaluation regarding technological capabilities, corporate culture, and target audience. Therefore, it’s vital to map out strategies to support this transformation effectively.

ABI Research also places emphasis on the importance of The 3rd Generation Partnership Project (3GPP) standardization and Standard Essential Patent (SEP) development, and how telcos need to be involved in both standards discussions and owning a significant patent holding.

Related:  Huawei and Nokia view for device management lead for the massive IoT
Tags: 5GABI Research
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The race to harness the power of Internet of Things (IoT) is here. FutureIoT is dedicated to individuals, as well as public and private organizations looking to tap the potential of IoT to transform the way we live, work and do business. FutureIoT is the dedicated media that provides the single source of truth about IoT, the technology, its application and regulation, originating from Asia. << Read more >>

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