Page 62 - SAMENA Trends - March-April 2023

ARTICLE SAMENA TRENDS

Digital ecosystems are essential because they enable prevalent: AI and ML will increasingly
be used to automate tasks, improve
businesses to reach new customers and markets, reduce decision-making, and create more
costs, and improve efficiency. By providing access to a personalized customer experiences.
range of digital services and platforms, digital ecosystems 4. Cybersecurity will remain a top priority:
As digital activities continue to expand;
enable businesses to focus on their core competencies cybersecurity threats will become more
and leverage the capabilities of other companies in the complex and sophisticated. Telecom
companies will be crucial in providing
ecosystem. secure networks and protecting digital
assets. As more data is transferred and
Digital ecosystems are essential because adjust their strategies to keep up with stored online, cybersecurity measures
they enable businesses to reach new the demand. This has resulted in the will be needed to protect against cyber-
customers and markets, reduce costs, and widespread deployment of high-speed attacks and data breaches.
improve efficiency. By providing access to broadband networks, both wired and
a range of digital services and platforms, wireless, to enable the delivery of digital As digital activities cont-
digital ecosystems enable businesses services.
to focus on their core competencies inue to expand; cyberse-
and leverage the capabilities of other Telecommunications companies have a curity threats will become
companies in the ecosystem. significant role in the growth and evolution more complex and sophis-
of digital ecosystems beyond just providing
The Role of Telecom Companies network connectivity. The companies ticated. Telecom compa-
The telecommunications sector has made provide the platforms and services that nies will be crucial in
significant progress since its inception, enable businesses to operate in the digital
back from the days of landline phones and economy, such as cloud services, mobile providing secure networks
dial-up internet. Today, the industry is not apps, and e-commerce platforms. and protecting digital
only focusing on delivering high-speed
internet access, and mobile connectivity The role of telecom in the digital economy assets. As more data is
but also building digital services for the and ecosystem cannot be overstated. transferred and stored
ecosystem. One of the most significant Telecom companies are the backbone online, cybersecurity
changes in the telecom industry has of the digital ecosystem, providing the
been the shift from traditional voice infrastructure and connectivity that measures will be needed to
and messaging services to data-centric enables digital activities. Through protect against cyber-at-
services. The growth of cloud computing, bandwidth, connectivity, and data
big data, and the rapid growth of data services, telecom companies facilitate tacks and data breaches.
usage due to the Internet of Things (IoT) digital communication, collaboration,
has necessitated that telecom companies and transactions for individuals and 5. Digital payments and blockchain will
businesses. Looking ahead to 2025, become more mainstream: Digital
Te le co mmu n icatio n s several trends and predictions will shape payments will become more common,
and blockchain technology will enable
the digital economy and ecosystem and
companies have a signifi- the role of telecom companies in them. new forms of digital transactions and
cant role in the growth and Here are some of the most noteworthy 6. asset management. between
collaboration
Increased
ones:
evolution of digital ecosys- 1. 5G networks will become widespread: telecom and other industries: The growth
tems beyond just providing 5G networks will provide faster, more of the digital economy and ecosystem
network connectivity. The reliable connectivity, enabling new will lead to increased collaboration
between telecom and other industries
digital experiences and applications,
companies provide the such as virtual and augmented reality, such as healthcare, transportation,
and advanced robotics.
platforms and services 2. The Internet of Things (IoT) will continue entertainment, e-commerce, and many
more.
that enable businesses to grow: IoT devices, such as smart 7. There will be increasing importance
to operate in the digital home appliances, wearables, and of data and analytics in the digital
economy. As more businesses and
industrial sensors, will become more
economy, such as cloud widespread, creating new opportunities consumers go online, vast amounts
services, mobile apps, and for businesses and consumers alike. of data are generated daily. Telecom
e-commerce platforms. 3. Artificial intelligence (AI) and machine companies are well-positioned to
capture and analyze this data and
(ML)
learning
will
more
become
62 MARCH-APRIL 2023