Telecom Services Industry Adopts New Business Models in Latin America to Spark Digital Transformation
Telecom Services Industry Adopts New Business Models in Latin America to Spark Digital Transformation The Latin American telecom services industry will see new business models as participants strive to be part of the on-going global digital transformation in the space. New business models are emerging as big data for telcos, mobility and mobile money, innovation-enabled monetization, software-defined networking and network functions virtualization (SDN/NFV), e-commerce and online marketplaces, augmented reality (AR), carrier Ethernet over wide-area network (WAN), and Internet of Things (IoT) gain ground in the region. Telcos' structure must become more agile, flexible, and able to leverage an interconnected ecosystem to adapt. "Changing market dynamics compel telcos to become customer-centric, investing in new products and services, aiming to transform their cost base, and simplifying as well as digitalizing complex business models, processes and systems," co...