The days of status quo service are long over. Today, network operates need to stay innovative to adequate meet user expectations when it comes to services and quality. As consumers and end-users, alike, increasingly crave high-bandwidth content and better services, service providers need to evolve their strategy and change their business models to meet those needs.
And that means new opportunities for network providers. The so-called "winners" are those that know how to quickly adapt to these demands and change. Savvy service provider knows it takes more than just recognize trends and changes. It also requires the need for companies to update their business models.
With consumer demand and expectations intensifying and data, multimedia, VoIP and wireless
voice traffic volumes leaping upward, "networks must evolve to deliver the kinds of services and
applications users expect," Alcatel-Lucent said in a white paper. "Service providers must invest in that evolution in ways that not only address the needs of the moment but also position them competitively and technologically for the long term; and service providers must shave costs out of their operations today, modifying their business models and achieving new efficiencies."
According to AGI Research, there are a number of trends that are impacting the telco industry that will likely impact how service providers react to these changing models. Here are five in detail:
Startups will lead innovation and technology development: This year, AGI predicts that skilled employees will leave large companies to join startups to foster their own progressive ideas. That, in turn, will lead to new technologies.