The telecom industry is going through a transformational phase – to acclimatize with new technological and cloud trends. Technologies like 5G, IoT, augmented reality, virtual reality, artificial intelligence and micro-services architectures are necessitating telecom providers to realign their business strategies, re-engineer products, and restructure their business offerings etc.
The Smart Home market is growing strongly over the years, but remains highly fragmented with number of heterogeneous competitors with patchwork of solutions and standards. In this scenario telecom operators can leverage their existing assets to offer smart home and smart health solutions along with integrated external solutions. By doing so, they would not only generate new revenue streams but also improve the stickiness of their customers. Several advantages we anticipate for them are (a) Due to their strengths in Wi-Fi network and data security services, (b) ability to provide seamless customer experience, (c) Having key assets for broadband connectivity that is providing an innovative platform for multiple services, and (d) increasing adoption of automation solutions among home owners.
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