A well-known market intelligence company, Infiniti Research, has announced the completion of its latest article on an overview of some of the biggest challenges in the telecom industry. In this article, experts at Infiniti Research discuss some of the key telecom industry risks and provide insights on how operators can overcome these challenges.
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Telecom industry challenges. (Graphic: Business Wire)
Despite the ongoing convergence with other industries and a slight revenue uplift through innovative technological transformations, the telecom sector is still stalled in a low-growth mode. To overcome roadblocks to growth, telecom companies should aim to lay increased focus on efficiency, agility, and customer-centricity in their services. However, this may not be enough to sustain growth in the long run. Infiniti’s telecom industry risk assessment experts suggest that there are several key risk factors that telecom providers must consider overcoming these challenges in the telecom sector.
The step towards digitization presents both risks and rewards for telecom industry companies. But how do you ensure that you make the right moves? Get in touch with an expert from Infiniti to know how our market intelligence solutions can help your business in building agile strategies and decision-making.
Ineffective digital transformation and growth strategy
One of the biggest challenges faced by telecom operators is to generate growth from digital services. Developing innovative business models, seizing opportunities for inorganic growth, new service inclusions, and diversification through M&A and strategic alliances can prove useful to capitalize on growth opportunities.
Rising Capex burden
Global telecom operators are undergoing a new wave of network investment which ranges from 5G and low-power wide-area networks to gigabit fiber. However, the returns on this Capex is often uncertain because advanced technologies such as 5G are still in the early development stages and broadband as a utility tends to pose major threats to the premium pricing of fiber connectivity. As such, making the right choices for infrastructure switch-off, spin-off, and sharing is increasingly important.
Changing regulatory framework
There is an increasing regulatory focus being given to aspects such as data protection. As a result, traditional burden on operators including wholesale pricing and interconnection are becoming more relaxed. On the flip side, other areas of regulations are in flux for telecom providers. Furthermore, the government’s industrial policies are also creating new demands for companies in the telecom industry. Our telecom industry risk assessment experts are of the opinion that it is critical for operators to balance and navigate the changing policy landscape.
Inadequate workforce planning and design
Effective talent management is still not given a strategic priority in the telecom industry. Infiniti’s telecom industry risk assessment experts state that this could prove menacing for telecom industry players. Reshaping and reskilling the workforce capacity is important for telcos. To avoid such organizational silos, companies in the telecom industry must undertake a holistic approach to workforce design.
Lack of efficiency in portfolio management
Infiniti’s telecom industry risk assessment suggests that inadequate planning and management is one of the primary reasons why telecom operators fail in achieving the synergies that they target to achieve from M&A agreements. This calls for telecom providers to establish more flexible integration road maps and smarter management of their business portfolios.
How can Infiniti’s telecom industry risk assessment help?
Currently, the telecom sector is at the center of digital transformation. One of the key questions that telecom companies now need to address is whether they are embracing the right opportunities coming their way and focusing on the right risks that need to be overcome.
Our team of telecom industry experts can help you identify and prioritize your digital transformation and risk mitigation needs across:
- Customer experience and loyalty
- Service portfolio diversification
- Renewal of legacy systems and operations
- Regulatory and legal compliance requirements
In all of the above given strategies and more, Infiniti’s dedicated team of telecom industry analysts can help you develop the right long-term strategy and leverage the most out of digital disruption opportunities that come your way.
Request a free proposal for more insights into how our solutions can help your business.
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit:https://www.infinitiresearch.com/about-us