Technology is transforming every sector in the world, yet some sectors are implementing technological innovations faster than others, either because they need to in order to stay competitive, or because they are looking to capitalize on digital transformation in the long run. Whatever the case may be, there is no denying that the ever-changing telecommunication industry is constantly bringing new technologies to market in order to capitalize on consumer trends and pioneer the integration of cutting-edge digital solutions in the residential and commercial sectors.
Telecommunication companies need to win over the hearts and minds of their customers, meaning that they have to lend a helping hand during difficult times, but also reduce customer effort any way they can. This is best achieved through digital transformation and the integration of new solutions, so let’s take a look at the five technologies every business leader in the telecom industry should know about and implement.
The implementation of narrowband IoT
The internet of things is quickly becoming commonplace in the modern work environment, but also in the modern household. IoT applications aim to elevate the quality of life of the user through various handy features and make the modern workspace safer, more efficient, and productive over the long term. Like any other technology, IoT is constantly changing and evolving to achieve better overall efficiency and results, which has led telecom companies to begin the implementation of narrowband IoT in recent years.
Simply put, narrowband IoT is a low-power wide-area network used to connect large numbers of IoT-friendly devices and essential office tech gadgets without incurring high costs or demanding a high energy input. This technology makes communication between devices and between humans and their devices more efficient and effective, and it prolongs the battery life of every device in the workplace or a household.
Bringing wireless payment systems to the consumer
The rise of wireless payment system around the world is rightfully attributed to the increasingly-sophisticated digital technologies offered by leading IT and telecommunication companies, and nowadays, telecommunication brands are looking to take wireless payments to the next level by making secure wireless payments more efficient and consumer-friendly. Some of the leading wireless payment systems include contactless credit and debit cards, smart cards, and of course, RFID (radio-frequency identification) and NFC (near field communication) smartphones.
These smartphones use integrated chips that contain the consumer’s payment data for financial transactions, barring the need to carry a wallet around, swipe a card, or enter a PIN code. Some phones like the Mi 8 Explorer also have face payment support, which is a perfect example of how telecommunication companies are taking wireless payment technology forward.
Integrating super-fast internet speeds
Traditional copper-wire internet networks are quickly becoming a thing of the past in the ever-advancing telecommunication industry, especially now that the internet fiber technology is becoming affordable and attainable across the globe. The integration of super-fast fiber internet connections into the modern household and the modern office space is a real game-changer, as it provides users with a more solid and reliable connection, more bandwidth, and of course, drastically improved internet speeds throughout the day and without any “slow times”.
Even though telecommunication brands are still offering legacy systems to their customers, it’s important to note that fiber internet is quickly becoming the norm, which greatly improves the user’s quality of life while boosting productivity and efficiency in a fast-paced work environment. In the long run, implementing fiber internet can drastically minimize extraneous business expenses and help produce a positive ROI.
Opening new possibilities with 5G
Speaking of ultra-fast internet, in recent years we have witnessed a rapid surge in the integration of 5G technologies around the world. As you might have guessed, 5G technology is the future, and it provides consumers with drastically higher download and upload speeds while helping the world become a more connected place. In the long run, 5G technology will revolutionize the modern way of life, and it will greatly elevate the quality of life in the residential sector, while creating numerous lucrative opportunities for growth-oriented companies in every industry.
Utilizing location-tracking technology
Location-tracking technology benefits the telecommunication companies that are implementing it internally, but it can also benefit every business in almost any sector in the world, as well as every consumer who utilize smart technology and various smart devices. On an internal level, telecommunication companies can leverage location tracking to optimize their supply chain, enhance security, and simply elevate operational efficiency across the board.
Companies in other industries can utilize this technologies to achieve the same goals, while consumers can benefit from it in various different ways. Not only can consumers locate their lost phones easily or transmit their location to the authorities quickly in an emergency, but they can also enjoy tailored location-based content, enhanced online safety, and more. Tracking technologies also help businesses understand where their customers are coming from through companies like callgear.com that are developing custom software for more productivity.
Brands in the telecom industry are constantly pioneering new digital technologies in order to stay relevant and competitive, and the future certainly looks bright for the commercial and residential sectors when it comes to new tech and digital applications. These are the top technologies all telecommunication companies should implement in order to capitalize on emerging trends.
Jolene Rutherford is a marketing specialist – turned blogger, currently writing for technivorz.com. Interested in digital marketing and new technology trends. Love sharing content that can help and inform people.