There is no doubt about the fact the world of telecommunication is changing fast and on an exponential scale. In order for businesses to maintain their edge and stay competitive in today’s dog eat dog corporate environment, they aggressively seek to keep a bird’s eye view on the latest development transpiring in the telecommunications industry. And upon seeing that there are indeed revolutionary changes being made, businesses quickly adapt their methodologies, services, and products to exceed market specifications and demand.
This is especially a truism when you talk about SMEs (small and medium business enterprises) that have limited access to in-house information technologies and resource. Small and medium companies that buy phone services can significantly slash costs with an increase in employee productivity when it comes to different technologies and organizations that supply such technologies.
Relative and relevant advances and developments in technology allow for a more critical aspect for SME when it comes to telecommunications. According to an analytical report by Gartner worldwide spending on cloud, social media, mobile marketing and technologies associated with big data will amount to $3.5 trillion this year alone. This figure will grow to $3.8 trillion by 2019.
One of the major industry trends which have become a driving force in telecommunication and one that needs to be thoroughly considered by SMEs is:
The Convergence of Telecommunications and IT to Cloud Systems
Convergence in telecommunications primarily refers to specific services being merged into a single entity, devices, and networks, which are of course powered by the internet. This can include smartphones, smart tablets, and devices that allow for voice calls, efficient business applications, faster web access, and enhanced video functionalities.
What this will do is transform IP (Internet Protocol) into massive cloud storage, which also includes computing services, making the trend instrumental for head to head business competition and successful implementation of big data for market analytics.
According to a McKinsey report posted last year, with numerous ICT (information and communications technologies) trends, cloud computing has become the father of all trends, having the most influence on businesses, primarily because of the fact that it exponentially increases and enhances business relevancy and acceptance for all business organizations.
This is because cloud computing allows for frighteningly efficient utilization of an umbrella of web-based applications and tools.
Yet, cloud computing is more or less completely misunderstood. In simpler words, cloud systems are third-party data centers for data storage, placed off-site, cloud servers are located in massive data centers which are secure.
The convergence to cloud computing systems is solely relevant to SMEs, largely due to the fact that they often have to pay massive amounts in capital to build, develop, repair and continually update their own processing and storage centers. With telecom merging with the cloud, they can considerably cut down an added layer of cost.
Instead, small and medium businesses can independently purchase this cloud application as a service rather than operating their own software or systems. Please reach out to us at www.idealsp.com to find out more.