There can be no doubt that the telecom industry is vast. It underpins every aspect of business from security to taking payments, and in today’s increasingly digital world its importance just seems to grow often at considerable speed.
With this in mind, what are the technologies that are underpinning the telecom industry at the moment, and how will they change in the future? Let’s find out.
There can be no escaping the need for businesses to have the best in class security. From the obvious things such as taking payments online, to the alarm systems in bricks and mortar premises, the need for a robust security network is paramount.
Hacker attacks, phishing, and other scams are on the increase with nefarious types coming up with new ways to get into a system all the time. Your telecommunication services must have good security.
Consider, what happens if a remote worker loses a device, or a remote meeting is intercepted? It is not just the physical loss but the data loss will be far more costly both in real teams and reputation. A good security system will be able to cope with demand, avoid litigation, and keep your business data secure.
The word blockchain is synonymous with cryptocurrency. Soon, it will not just be the crypto world where a blockchain will be deployed. With the advent of centralised digital currency, it is no stretch of the imagination that businesses will be receiving revenue and paying for essential goods using a blockchain of one kind or another.
The World Economic Forum (WEF) has cited Ripple as a currency of the future as its blockchain can match Visa in terms of how many transactions per second it can facilitate.
Throw in the fact that other data such as contractual information can be included in a transaction and blockchain is shaping up to be a valuable business tool.
Artificial Intelligence (AI)
The rise of AI is something that is already touching our daily lives. It powers aspects such as what ads appear when surfing the web, know your customer (KYC) checks, to controlling complex industrial processes.
This area of computing is developing all the time and given how it can be shaped to a specific business need, an invaluable one.
One feature of AI is that it can learn and subsequently improve. There have been instances where an AI has created another AI and communicated with it. That is the level of sophistication we are talking about.
The cloud is nothing new but as more businesses see the advantages like the lack of server maintenance costs, managed services such as the cloud become more prominent. The other driver of cloud services is the need for remote work has never been more pressing than now.
As such, the development of the cloud continues and increasingly businesses are looking for bespoke solutions to make their cloud more secure, more integrated, and faster.
The telecoms industry continues to expand rapidly. Take the time to find the best solutions for your business and reap the benefits.