Disruptive technologies barometer: telecommunications sector
In a disrupted world, the main players have to offer fast, secure and reliable networks to power an increasingly connected world while avoiding becoming mere commodity providers. Telcos are concerned about their position in the new marketplace, and unsure how to adopt disruptive technologies to improve their competitiveness.
Connectivity, competition, and convergence are redefining every aspect of the telecom landscape from the way networks are designed, built and maintained, to the content flowing through, and the channels that enable users to access services.
Before long, everyone and everything will be connected, creating an explosion in network traffic, a rapid increase in the number of connected devices and telecom companies racing to upgrade their networks to 5G in an effort to provide the necessary speed and bandwidth.
Telecom companies may be accustomed to change – but the accelerated speed of disruption is something they haven’t experienced before, and many are struggling to figure out how to navigate the numerous disruptive technologies and the impact they will have on their organization.
While 58 percent of telecom leaders are optimistic about the opportunities disruptive technologies provide, they also have many concerns about the impact of these technologies on their business. Competitive pressures are driving these fears. This includes competitors from within the industry as well as new competition from that disruptive technologies have brought into the sector from other industries.
Like their peers around the world, Canadian telecoms executives are feeling the impact of disruptive technologies on their business and operating models. Like their foreign peers, they are worried about being marginalized by faster-moving technology competitors. And, like their peers, they require a clear roadmap for dealing with disruption.
To learn more, download the full report Powering a connected world at the top of the page.