Beijing, May 5 (ZHANG Su LIUYI) "Relying on a new generation of digital technologies such as 31G, cloud computing, and big data, the telecom industry is accelerating the process of industrial digital transformation. A recent report made this statement.
The Future Outlook for Telecoms is published by KPMG China and includes development signals, strategic priorities, case studies and more. The report writing team proposes the key capabilities of relevant enterprise development, and explains the risks and rewards in light of the actual situation, with a view to deepening the understanding of change among decision-makers.
The report believes that the telecommunications sector is constantly evolving, and traditional business models are facing challenges. For telecom companies, how to diversify their services and improve their revenue has become a must-face problem. Many telcos are reassessing and prioritizing everything from infrastructure upgrades to deploying new 5G capabilities. The differentiation of telecom companies has begun to shift from network to service.
The report points out that technology will become both an opportunity and a challenge for the development of the telecommunications industry. Telecom companies need to continue to invest in 5G and future 6G network upgrades to meet people's broadband needs. In addition, telcos should continue to focus on how to maximize the use of evolving tools such as artificial intelligence and machine learning to improve services and operations.
"The telecommunications industry plays an important role in China's digital economy." Partner, Head of Communications, Media & Technology, KPMG China, says that a number of policies to encourage the development of the digital economy show that the country attaches great importance to the development of the digital economy, and a series of top-level designs provide action guidelines for the development of the digital economy in the new era.
"Many telcos are looking to the user experience. For example, create more automated, thoughtful experiences. Renbo Gao, Partner, Head of Communications, Media & Technology, Communications, Media and Technology, KPMG China, says the report makes a number of recommendations to focus on digital front-ends and enhance managed services to expand the future growth potential of telcos.
The report believes that for many telecom companies, the strategic imperative is to fundamentally transform into technology companies. Transform your own technology by experimenting with other corporate giants or industry application solution providers, etc. At the same time, companies should continue to focus on innovative technologies that can help improve customer service or business opportunities, and explore opportunities arising from cloud, machine learning, and data science developments. (End)