May 28, 2020
The telecommunications sector is ready to step into a new world ruled by revolutionary technologies such as 5G, Internet of things, cloud, optical fibers, and blockchain. Telecom professionals can expect to see a rising demand for data services as consumers shift to a more digitized service scenario and communications channels for consumers change.
5G is surely one of the biggest changes set to enter the telecom arena. 5G broadband is expected to open amazing new opportunities for the telecom industry and the performance of telecom systems is predicted to experience a significant rise with 5G implementation. However, growing standards and complexity also point towards the need for more secure conditions to safeguard systems as well as consumers. This is where artificial intelligence comes into the picture.
AI is the next big thing in the telecom field as requirements change to faster and more secure networks. 5G networks rely on fiber optics and hence, are much faster, reduce latency and offer better capacity. However, such speed and amount of data also require more sophisticated technologies for better calculation and reliability. Artificial intelligence and automation are what will make processing and storing this data robust and analysis much easier.
Another technology that is going to revolutionize telecom is the blockchain technology originally devised for digital currency operations. Other potential uses such as safe financial transactions and data protection are still being explored for utilization in the telecom sector. Blockchain is also becoming relevant to how companies interact, do business and conduct transactions. In short, this technology will soon be used widely to facilitate all types of transactions in the telecommunications space.
Data protection is a big deal now since individuals value their privacy and are increasingly cautious about online fraud and misuse of data. Fraudulent traffic causes huge losses to the telecom sphere every year and a global strategy is required to counter these losses. A collaborative effort by phone operators, carriers, suppliers and other telecom parties is required to overcome the risk of fraud and safeguard business as well as user data.
To conclude, the new telecom ecosystem is comprised of 5G, internet of things, fiber optics, blockchain and the need for more security, each of these fighting to win the race. However, all these technologies are all set to become foundations of a diverse and advanced telecommunications 'ecosystem' in the future.