It’s exciting to see how quickly telecom is revolutionising the way we live...
Telecom is a much different place today than it was just five or ten years ago. And the exciting aspect is the pace of change is increasing by the day. Telecom is becoming one of the hottest and most interesting areas to follow. There are so many emerging technologies in telecom that, at times, it is difficult to keep up with the changes happening in this sector.
Yesterday, we were an industry of smaller companies competing in separate sectors. Today we are watching mergers transform the industry. Today we have fewer, but larger companies that compete across sector lines. Today, we see the telephone companies offer services of local, long distance, wireless, internet and now television. And they do this to compete with cable television companies who are also offering a similar big bundle of services.
Yesterday, we used a simple phone service offered by a simple phone company. Today, it can come from a large variety of technologies and companies like telephone companies, cable television companies, wireless companies, broadband companies using VoIP, and more. The wireless business and the broadband business are the most sought after businesses in telecom. Interestingly, these are the areas from where some of the most important ideas are coming up. Like the wireless phone, that logs off of the wireless network when you come home and logs onto your wireline network using a wireless connection, this phenomenon lets customers save money and improves quality at the same time.
Tomorrow, we would have one voice mail box and one phone number and our lives will become much easier to manage. Wireless is becoming a new and different industry. You can still buy traditional wireless phones, but you can also buy a variety of new technologies from a variety of new competitors like Apple with iPhone and Google with their wireless phone. The way they charge for the service can also be different. Interestingly, the cellphone business is breaking into separate sectors; the traditional and the new.
Features on the cellphone have exploded over the last few years, thanks to new technologies and increasing speeds on the network. Over the last few years, we have watched cameras; video, movies, live television, music, and a variety of other features take off.
Today, we use a variety of features other than making voice calls which is what we think we buy the phone for. The cellphone is becoming the third screen, after the television and the computer. Banking is the next big trend on wireless devices. Using the cellphone as a credit card, or to access our bank accounts, to transfer funds or pay bills, is soon to be a reality.
So, buckle your seat belts: the next few years will be more exciting than the period gone by...
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
Telecom is a much different place today than it was just five or ten years ago. And the exciting aspect is the pace of change is increasing by the day. Telecom is becoming one of the hottest and most interesting areas to follow. There are so many emerging technologies in telecom that, at times, it is difficult to keep up with the changes happening in this sector.
Yesterday, we were an industry of smaller companies competing in separate sectors. Today we are watching mergers transform the industry. Today we have fewer, but larger companies that compete across sector lines. Today, we see the telephone companies offer services of local, long distance, wireless, internet and now television. And they do this to compete with cable television companies who are also offering a similar big bundle of services.
Yesterday, we used a simple phone service offered by a simple phone company. Today, it can come from a large variety of technologies and companies like telephone companies, cable television companies, wireless companies, broadband companies using VoIP, and more. The wireless business and the broadband business are the most sought after businesses in telecom. Interestingly, these are the areas from where some of the most important ideas are coming up. Like the wireless phone, that logs off of the wireless network when you come home and logs onto your wireline network using a wireless connection, this phenomenon lets customers save money and improves quality at the same time.
Tomorrow, we would have one voice mail box and one phone number and our lives will become much easier to manage. Wireless is becoming a new and different industry. You can still buy traditional wireless phones, but you can also buy a variety of new technologies from a variety of new competitors like Apple with iPhone and Google with their wireless phone. The way they charge for the service can also be different. Interestingly, the cellphone business is breaking into separate sectors; the traditional and the new.
Features on the cellphone have exploded over the last few years, thanks to new technologies and increasing speeds on the network. Over the last few years, we have watched cameras; video, movies, live television, music, and a variety of other features take off.
Today, we use a variety of features other than making voice calls which is what we think we buy the phone for. The cellphone is becoming the third screen, after the television and the computer. Banking is the next big trend on wireless devices. Using the cellphone as a credit card, or to access our bank accounts, to transfer funds or pay bills, is soon to be a reality.
So, buckle your seat belts: the next few years will be more exciting than the period gone by...
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)
