by William Dawsey, Vice President of Sales for Finance and Payments Technologies at Chetu
2022 will be a year of tremendous growth for the telecommunications industry, with several key telecom innovations now starting to gain real traction within the business world.
Today’s top telecom tech enables coherent communication for companies of all shapes and sizes, including those just starting out. Promising startups stand to reap several benefits from adopting this technology. These benefits include enhanced customer service, improved inter-departmental coordination, and increased collaboration among the remote workforce.
But what emerging technologies within the telecom industry are helping to scale small businesses? What specific benefits do these solutions provide? How exactly do they assist startups in taking that next crucial step in their ongoing development?
Read on to find what industry innovations are disrupting the telecommunications sector for the better.
Internet of Things.
Telecom IoT devices help startup businesses to create predictive analytics frameworks. This allows small organizations to generate forecasted data packs, which ultimately helps them remain on track with their projected cross-departmental collaboration goals.
With IoT communications technology in place, startups can improve location-based services by utilizing built-in proximity sensors. This aids in the smart city scaling process, as it helps businesses to communicate with their local audience in a targeted, transparent, and tailored fashion. Among several other benefits, this helps startup organizations to forge deeper social connections with their core consumers.
Telecom connectivity solutions provide the end-user with an uninterrupted connection to the Internet. This facilitates online collaboration as well as the ongoing augmentation of web-based media.
Many telecommunication companies are beginning to merge satellite networks with terrestrial wireless protocols. This allows them to leverage the power of big data in their attempt to provide bespoke connectivity solutions.
5G & Network Infrastructure.
5G network technology has already taken wireless communication to the next level for the global consumer population.
And it’s now beginning to have a similarly seismic impact on the world of business.
It offers an optimized transmission speed, unrivaled capacity for remote execution, and lower latency than previous generations of mobile connectivity. Businesses regularly utilize this telecom innovation to reduce the cost of internal and external communication.
5G is a global wireless standard that provides the information infrastructure with crucial data reinforcement. It enables the development of high-density channels, which allows startups to implement and scale their own virtual networks. This process is known as network slicing.
Businesses commonly use innovative AI communications technology to create self-optimized networks (SONs). These automated telecom systems help to streamline the entire mobile access augmentation process.
Crucially, this allows startups to respond to their mobile audience in a time-efficient and cost-effective manner. This bolsters the modern scaling process, as it helps small businesses appeal to the tech-savvy Generation-Z consumer audience.
AI algorithms don’t just help to build telecom SONs. They also monitor these networks over sustained periods to predict anomalies, unearth inefficiencies, and reduce the cost of communication downtime.
Innovative telecom software solutions help startups adapt to a whole host of emerging technologies. One of these burgeoning technology trends is mixed reality (MR).
To take advantage of this intuitive blend of the physical and digital world, scaling startups must consistently produce high-resolution content. Fortunately, telecom technology is at hand to enable high speeds in real time. This facilitates timely, accessible, and collaborative network transmission and allows businesses to set up high-capacity content frameworks.
Nothing derails a startup scaling operation quite like a cyber-attack, which is why tougher telecom systems are now beginning to crack down on SMB cybercrime.
Telecommunication companies are implementing new coding forms and updating their regulations in an attempt to make their existing frameworks quantum-safe. This fortifies communication assets by increasing their resistance to dangerous quantum algorithms.
Adopting innovative communications technology increases the demand for more computing power within the telecom industry, and the cloud answers this call by creating a software-defined infrastructure.
Telecom startups can store, access, and process their digitized assets in secure data centers within the cloud computing framework. This allows them to seamlessly expand their communication services and respond instantly to the latest remote technology trends.
The recent rise of IoT devices within the telecom industry has intensified the call for a broader range of communication models. This has resulted in the inception of the following connectivity channels:
- Machine-to-machine (M2N)
- Human-to-machine (H2M)
- Vehicle-to-everything (V2X)
- Device-to-device (D2D)
Despite establishing different forms of telecommunication, all of these models share one crucial trait: they are built upon a combination of next-gen WiFi and Bluetooth. This wireless foundation allows startups, scale-ups, SMBs, and industry-leading organizations to connect with other companies across the globe seamlessly.
Software-Defined Networks (SDNs).
With a centralized SDN control system in place, startup businesses can monitor the ongoing performance of their telecom network across several hardware/software solutions. This facilitates a coherent flow of communication in which crucial information never gets lost in transmission.
Edge computing drastically reduces the gap between data source and data storage. As stated at Startus Insights, this benefits telecommunications startups as it lowers latency, bolsters bandwidth, and increases computer capacity. It also improves the end-user experience by minimizing the need for delayed data exchange.
Why Telecommunications Companies Need to Integrate These Industry Innovations.
If they’re to scale their operations in today’s competitive climate, startups are required to deploy and direct telecommunication connectivity across various digital environments. More and more successful scale-ups are beginning to adopt the ten telecom industry innovations detailed above to achieve this all-important feat.
Are you determined to scale your telecommunications company alongside the startups you serve? If so, enabling each of the cutting-edge technologies listed in this blog should now be your top priority.
Aligning yourself with a team of telecom development specialists will help you integrate these intuitive solutions into your ongoing service range.
William Dawsey is Vice President of Sales for Finance and Payments Technologies at Chetu. William has nearly a decade of experience in the financial technology space and has helped numerous brands and institutions develop and integrate the latest in POS and FinTech solutions. He facilitates programmers with expertise in utilizing cloud-based, web, and mobile solutions for financial service modules such as payment gateways and POS software, accounting & tax preparation software.