Skip to main content

Technology, Media and Telecom Disruption

Many traditional Technology, Media and Telecom (TMT) companies are seeing their business models rapidly erode as communication services, news, information and entertainment content all shift to the Internet.

For most telecommunication service providers and media companies, fundamental core business survival is now at stake, according to the latest market study by In-Stat.

These legacy organizations must do more than simply adding functions, such as links to social networking sites, micro-blog messaging, chat rooms, and user comments or feedback. While these functions may help marketing and customer retention efforts, they do not represent a meaningful Web 2.0 business model.

"Web 2.0 business models encompass an ecosystem of partnerships, designed to leverage both internal and external knowledge and assets" says Keith Nissen, In-Stat analyst.

End to end ownership of the entire business model is a lost cause. Telecom operators, media companies and others that are directly affected by the current shift must modify and evolve their business models.

Newspapers acted too slowly to the apparent change in their primary sources of revenue, while clinging to their old ways. They are proof-positive that denial can be fatal -- especially when accelerated market disruption occurs.

In-Stat's market study found the following:

- 78 percent of heavy Internet users regularly use two or more social networking sites.

- Broadband service providers have a key opportunity to provide consumers a "Personal Information Center" (PIC) portal. For example, 66.6 percent of respondents are very or somewhat interested in aggregating access and sharing of personal images through a PIC.

- Personalized content delivery and advertising is a key success factor. Currently, two-thirds of users never click on internet advertising.

- Century-old business models are obsolete. The newspaper industry's downward spiral will result in a loss of a projected $25 billion in revenue annually.

- The IP media phone, potentially the consumer's fourth screen may be an ideal web 2.0 service delivery device. By the end of 2013, In-Stat forecasts that over 16 million U.S. households will have a media phone.

Popular posts from this blog

Why Healthcare and Smart City Apps Drive 5G IoT

Fifth-generation (5G) wireless technology for cellular networks is a successor to fourth-generation (4G) wireless technology. By 2023, Juniper Research anticipates that there will be over 1 billion 5G connections globally. The technology will provide the data infrastructure for the advancement of wireless communications and for new developments in the Internet of Things (IoT) -- including smart cities and healthcare. 5G IoT Market Development According to the latest worldwide market study by Juniper Research, 5G IoT connections will reach 116 million globally by 2026 -- that's increasing from just 17 million connections in 2023. Juniper analysts predict that the healthcare sector applications and government or other smart city services will drive this outstanding 1,100 percent growth over the next three years. Juniper examined 5G adoption across key industry sectors -- such as the automotive, mobile broadband, and smart homes -- and forecasts healthcare and smart cities will accoun

How Savvy Leaders Re-Imagine Work in 2023

As we look to the year ahead, there will be significant challenges and opportunities facing the Chief Human Resource Officer (CHRO) role. In order to be successful, savvy HR leaders must be prepared to take proactive steps that adapt and evolve. "HR leaders have faced an increasingly unpredictable environment amid many organizations mandating a return to office, permanently higher turnover and burnt out employees," said Emily Rose McRae, senior director at Gartner . HR Innovation Market Development One of Gartner's key predictions for 2023 is that the use of artificial intelligence (AI) and automation will continue to increase within the enlightened digital workplace. This transition will require HR leaders to develop new skills and competencies in order to effectively manage and lead teams that are increasingly relying on these enabling technologies. Additionally, HR leaders will need to ensure that their organizations are investing in the necessary infrastructure and re

Top 10 CFO Priorities Require Rethinking Finance

The Chief Financial Officer (CFO) role is essential to digital business growth. While CFOs do not get closely involved in the tactical details of the digital transformation of their functions, they still recognize its strategic importance. According to the latest survey by Gartner, CFOs are faced with the challenge of balancing the need for substantive digital business innovation with financial cost control and risk management. "CFOs will be stretched thinly across many activities in 2023. The survey revealed a wide range of actions CFOs plan to either lead or be significantly involved with," said Marko Horvat, vice president at Gartner. Survey Findings: The Top Ten Priorities Cost Optimization - Cost reduction remains the top priority for CFOs as they look for ways to cut costs and improve efficiency in their operations. This includes identifying cost-saving opportunities through automation, outsourcing, and business process improvement. Business Continuity - The global C