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Good news and bad news for telcos as their world becomes about data
- Wednesday | 21st July, 2021
There is good news and bad news for telcos as several consultancies launch reports on how telcos are doing in the data-driven 5G era. More good news is that telcos understand the importance of data, and most are investing in data monetisation initiatives and data ecosystems. About half surveyed by Cap Gemini’s research arm will be investing over $50 million in data initiatives and about three quarters aim to invest at least $10 million. Investing significant capital in data ecosystems is a) good news for the players involved in the ecosystem and b) potentially good news for telcos, who are expected to lead in these partnerships and initiatives. While there is some good news for telcos, unfortunately the bad news seems to outweigh it at the moment.
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