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Home Technology

Transition to a techco

Quah Mei Lee by Quah Mei Lee
February 8, 2024
Photo by Nataliya Vaitkevich: https://www.pexels.com/photo/a-close-up-shot-of-letter-dice-on-an-open-notebook-6120220/

Photo by Nataliya Vaitkevich: https://www.pexels.com/photo/a-close-up-shot-of-letter-dice-on-an-open-notebook-6120220/

We are at a critical juncture in the telecommunications industry. The industry continues to face challenges driving growth from all angles, whether subscriber, revenue, investment, etc. Being passive and having depended on vendors for innovation through the years has made telecommunications companies or telcos weak in their ability to drive innovation, leverage technology and think out of the box.

With the world more digital and hyper-connected the bar has been raised in terms of performance by digital companies. Expectations for growth, especially with connectivity, are limited. By 2027, 82% of major mobile operators in Asia Pacific (APAC) will remain as telcos with 25% of them likely to exit or become mobile virtual network operators (MVNOs) assuming 3 player markets. Only 18% of major mobile operators in APAC will become technology companies or techcos. To break this trajectory, action in the right direction is needed.

For telcos, the way forward is to become more resilient against external factors. They need to put in place a sustainable monetisation and cost model that can generate new growth from a more efficient, quicker, and smarter mobile network. Vendors need to enable revenue generation at a lower total cost of ownership most efficiently and sustainably. Solutions need to cater to changing needs, and be agile and automated.

Vendors can help telcos achieve the change that is needed. They can become strong partners with telcos. For this to happen, change is as much a necessity for vendors as it is for telcos. Vendors need to focus on performing and delivering consistently to earn the trust of telcos as a prerequisite.

The importance of joint success must be prioritised over vendor commercial interest for endeavours to be win-win for both parties. It will be helpful if vendors work to make things happen for telcos.

As telcos go beyond connectivity in search of new revenue streams, solutions need to be flexible enough especially when it comes to the data model, experience, and security as it will be used in multiple industries.

An industry-agnostic solution that includes a product catalogue, configure price quote (CPQ), self-service, operations, and monetisation that converges across different industries will be needed. Telcos will need a standardised approach to onboarding and enabling partners as with each additional industry, integration will become more complex.

There needs to be a master catalogue to synchronise with other catalogues that are already in place and an open application programming interface (API) to bring it all together. There also needs to be means to achieve automated provisioning across different platforms and systems in different industries.

Solutions running on Open Digital Architecture (ODA) can help with this. Achieving a standardised interface, enhanced security, and customer care geared to serve the needs of multiple industries are some areas that will need development.

At a high level, it is about enabling a co-creation environment that can facilitate collaboration between multiple partners to create offers that can extend across multiple industries. Apart from being a source of innovation, strong collaborative partnerships can help telcos overcome understanding of consumer needs, lack of skillsets, and lack of value proposition. The challenge lies in managing the partner relationship to be outcome-focused.

Telcos need vendors that have proven technical product superiority, successful transformation experience and innovation capability. As such, vendors need to push the limits to become strong partners. Their approach to telcos and solutions needs to change.

The focus needs to shift to ensuring telcos succeed as it is only then that vendors will succeed overall. If all telcos around the world raised the bar in terms of their expectations of vendors such that they transform for the better, vendors would be playing a big part in setting new benchmarks for the industry.

There is so much talk about the telco-to-techco transition with pressure being put on telcos to initiate and make a successful transition. How much of this pressure is being driven by vendor self-interest? Ultimately, the transition to techco is as much a vendor transition as it is a telco transition.

Vendors need to step up. Change initiated and achieved from all angles -- telcos, vendors, and solutions -- will bring new dimensions to the industry. It is only with all-round change and growth mindsets that the industry can start a new chapter.

Related:  5G and AI to boost the demand for new form factors
Tags: Frost & Sullivan
Quah Mei Lee

Quah Mei Lee

Mei Lee Quah is a Global Thought Leader in 5G and a Business Strategy Expert. She is an experienced corporate strategist having supported CEOs on high priority strategic initiatives. At Frost & Sullivan, she is part of a global network of Mobile & Wireless researchers that cover telecoms and 5G.

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