President and CEO at Volt Active Data, Inc. Read David Flower's full executive profile here.
Before the arrival of the"Gs"—2G in 1991, 3G in 2001 and 4G in 2009—telecommunications companies were primarily in the business of connecting callers over long distances. These earlier generations marked significant milestones, enabling roaming voice calls, text messaging, video calls and basic data services.
With all of this in mind, let’s examine the five key technologies that telco providers are using to maximize the 5G moment. Additionally, 5G networks benefit from AI-powered network slicing, which enables telcos to create AI-guided virtualized networks for specific applications, industries or customers, allowing them to provide tailored services while allocating their resources efficiently. Beyond this, the technologies can also help telcos identify revenue leakage, optimize pricing strategies and ensure accurate billing.
Further, edge allows telcos to offer low-latency services, which enables them to capitalize on new opportunities—including augmented reality, virtual reality and gaming—made possible by increased responsiveness. Further, APIs enable telcos to begin offering a wide range of value-added services. By exposing their network capabilities to third-party developers via APIs, telcos can encourage the creation of innovative applications and services. Not only does this enhance the customer experience, but it also helps telcos unlock new revenue streams.
Computer vision also enables telcos to support capabilities like threat detection, access control and facility surveillance, in addition to private networks for manufacturing campuses, for example.Network functions virtualization is an approach to network architecture where core networking services, like routers and firewalls, are abstracted away with virtual machines. By embracing NFV, telcos can transform the way network services are designed and managed.
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