HOW DO YOU SEE THE ROLE OF TELCOS EVOLVING IN THE CONTEXT OF METAVERSE?
The metaverse is a continuum of emerging capabilities, technologies and experiences that applies across all aspects of business from virtual to reality, consumer to worker and from the world of cloud and artificial intelligence to extended reality, blockchain, digital twins and edge technologies. The expansion of the metaverse is pushing industries, including the telecom sector, to extend from solely physical presence to fully or hybrid digital ecosystems. 5G with its superior speed and ultra-low latency benefits combined with the latest technologies, will be a key enabler of the metaverse. Telcos through their networks and large subscriber base, are strongly positioned to capitalize on the significant market opportunity (estimated by Citi to be $13trn by 2030) in the metaverse.
Not only is the next-gen connectivity that telcos provide critically important to the success of new experiences in the metaverse, but the strategies telcos make to evolve or revolutionize their business will be essential to their future success. We see three potential roles emerging for telcos in this new virtual environment the Disruptor (focusing on developing new services, experiences, and platforms), the Orchestrator (focused on developing the enabling capabilities for the metaverse, example identity, payments and trust) and the Performance Player (focused on building and running metaverse ready networks). These roles define paths to purpose-driven growth.
FOR TELCOS WHAT ARE THE OPPORTUNITIES WITH THE ADVENT OF METAVERSE AND WEB3?
This story is from the November,2022 edition of Voice and Data.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November,2022 edition of Voice and Data.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Do dark patterns signal tougher days ahead for mobile commerce?
The government's decision to target deceptive practices like false discounts may trigger a massive change in India's e-commerce industry smartphone-driven
A Rs 45,000-crore survival act
With a plan to raise substantial funds, Vodafone-Idea aims to revitalise its struggling telecom business and compete in the 5G era. Will it work?
The importance of integrating AI with existing business functions and tools
Arun 'Rak' Ramchandran, President & Global Head - Consulting & GenAl Practice, Hi-Tech & Professional Services, Hexaware, talks about their GenAl solutions, LLMs, data, cloud, privacy, and sustainability.
The rise of first-generation vernacular AI
Despite hurdles in data management and funding, the rise of vernacular AI in India promises to revolutionise business communication and responsiveness
Revolutionising telecom services
Privatisation of geospatial data, imaging, and connectivity is enabling the telecom industry to rationalise various expenses and achieve more optimised outcomes
Sideloading: A 'hole' new mobile security debate
As the world waits for Apple stance on Sideloading, it is a good time to unpack doubts, trends, and possibilities around it
"Ciena is widely known for advancements in optical technology"
As the Vice President and Sales Leader for India, Amit Malik is responsible for driving Ciena's sales strategy in India, a key growth market for the company.
"Data centre is the new Gold Souk for India"
We engage in product development and design for OEMs in the telecom domain, covering core networks, Open RAN, and telecom infrastructure.
"QDA solutions adhere to prevailing telecom regulations"
The National Disaster Response Force, NDRF has successfully utilised Hughes QDA during earthquake relief operations in India, Nepal, and Turkey.
Can Truecaller weather India's CNAP plan?
With 70% of its business coming from India, the Swedish caller ID services company faces uncertainty as the country moves ahead with Calling Name Presentation