• There is an urgency for communications service providers (CSPs) to transform their businesses, including systems, processes, and people/culture.
• Agile product development, digital platforms, automation, and SDN/NFV solutions are key aspects of CSP transformation.
CSPs face declining carriage revenue and increasing competition from traditional rivals and disruptive players in the form of OTT players, cloud-based service providers and new market entrants with leaner operating models. Against this backdrop, CSPs see an urgency to improve customer service to minimize churn, develop digital sales channels, and embrace cloud and digital solutions to achieve operational agility. At the same time, technology advancement is opening up new opportunities for CSPs in the enterprise segment. Examples include SDN/NFV, big data, cloud, AI/ML, cybersecurity, IoT, and 5G. Enterprises across various industry verticals are tapping insights from customer data to gain competitive advantages. CSPs hold vast amount of data and operate very complex IT systems and networks. There are opportunities for CSPs to transform their business and operations through the use of digital solutions but major changes need to occur for a CSP to be successful. These include developing new partnerships, upskilling/reskilling their workforce, changing the culture, and streamlining systems and processes. Continue reading “CSPs Need to Digitize, Automate, and become More Agile”