The telecommunications industry is always moving forward, driven by constant innovation and change. We see four major trends for telecoms industry in 2024. Read on!
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It’s clear that the telecommunications industry continues to evolve, and 2024 will be no exception.
The 5G subscriptions increased by 163 million, reaching 1.4 billion globally.
The industry is already gearing up for the next giant leap – the 6G network.
But before that, we’re likely to see the rollout of 5G+, an extended version of 5G that promises even more advancements.
Without further ado, let’s dive into our top picks for the telecommunications industry.
Generative AI
Artificial intelligence (AI) holds the potential to revolutionize nearly every industry, and the telecom sector is no exception.
Generative AI (GenAI) is crucial in streamlining customer services, enabling communication service providers (CSPs) to manage communication traffic efficiently and bolster security.
It’s becoming increasingly clear that every telecom company must realize the necessity of being AI-driven.
One significant area where GenAI can immediately impact is customer care.
Chatbots can be handy as they provide quick, efficient responses to common inquiries, reducing wait times and improving the overall customer experience.
Soon, AI will also be able to forecast usage and behavior patterns in customer interactions.
As we move forward, we expect to see the beginning of 5G+ networks by 2025.
This development will further highlight the essential role of GenAI in the telecommunications sector.
Cloud Computing
Cloud computing is transforming the telecom industry, enabling telcos to offer services with unmatched agility.
More and more telecom companies are shifting to cloud-based networks. This reduces dependence on large, on-premises infrastructures and allows for the rapid scaling of network services.
By leveraging cloud computing, CSPs enhance existing services and easily introduce new ones with a pay-per-use model. This approach significantly reduces the time to market for new offerings.
It also addresses the challenges posed by the Internet of Things (IoT). As IoT devices proliferate, they generate an immense volume of data, which telecom companies need to manage efficiently.
In fact, cloud computing provides scalable and cost-effective solutions for storing, processing, and analyzing this IoT-generated data.
Looking ahead, it’s evident that cloud computing will continue to be a key telecom trend for 2024.
Monetizing 5G: Unlocking Its Full Potential
No-code Configuration
The telecommunications industry increasingly embraces no-code solutions to keep pace with technological advancements.
No-code means user-friendly and no coding knowledge.
This innovation revolutionizes telecom services, enabling faster adoption and more efficient development processes.
No-code technology reduces pressure on programming teams and streamlining the development process.
It allows for quicker and simpler creation of applications, boosting customer retention and long-term profitability.
The emergence of no-code in telecom indicates its vast potential. It enables non-technical staff, especially marketers, to contribute to product and software development, which is fantastic.
Adopting a no-code approach in Business Support Systems (BSS) isn’t just about changing technology; it represents a shift in user attitudes, roles, and skill sets.
Open APIs
Open APIs have the potential to enable new things that meet the needs of a broader set of users in telecommunications.
CSPs will need open systems that can quickly and cost-effectively integrate with others.
Adopting Open APIs is key to seamless integrations with various systems, applications, and services.
This approach greatly enhances system flexibility, efficiency, and security.
One of its most notable advantages is improved scalability.
Furthermore, an API-first design can significantly accelerate development processes and product launches when combined with a no-code approach.
This combination speeds up development and ensures that it remains flexible and efficient, adapting easily to changing requirements and new integrations.
Conclusion
This overview highlights the key developments that will shape the future of telecommunications.
If you’re in a telecoms business, you better start adopting them.
Tridens offers CSPs the agility to easily accept new opportunities with no-code configuration and API-first approach, enabling them to launch 5G+ services.
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