Another excellent piece by Iain Morris at Light Reading, this time a recap of TM Forum’s Digital Transformation World Series along with a candid review of the industry’s challenges. Full article in the comments 👇
The telecom industry is grappling with significant challenges. The article quotes several important figures from the operator side, giving candid views on the financial challenges and innovation woes threatening the sector's stability.
“The reality is that our return on investment, our growth, is not good enough, and we can't be happy with where we are as an industry at the moment," said Kim Andersen, the chief technology officer of Australia's Telstra, in a DTW call to arms. "We need to reinvent this industry and save this industry." An unusually candid view from the CTO of a major telco.
Genuine product innovation is occurring all around the telcos and is difficult to watch. For me, real change will only be possible with a total upheaval of the industry’s culture. Which, unfortunately, is the hardest part to change. Therefore, the much-needed innovation is probably going to have to come from an outside disrupter. In the meantime I suggest the short term answer from the vast majority of telcos will likely be more consolidation and cost cutting….Sniff 🥲.
#TelecomIndustry #DigitalTransformation #TMForum #Innovation #telecoms
Deputy Manager at PIVA Software
1moCan't wait to attend this great event. Broadband Industry !