Telecom Sector Skill Council (TSSC)’s Post

Thrilled to unveil our Global Capability Centers (GCC) Advisory Services along with Matthew Bouw. India's remarkable resilience, digital prowess, abundant talent and supportive policies, have propelled it to become the world's leading GCC hub. With GCCs projected to exceed 2,400 by 2030 and India poised to become the world’s largest GCC hub, we're committed to fueling this growth and contributing to the country’s economic transformation. Our teams, through a strong ecosystem of partners, will offer a tailored and integrated suite of services designed to meet clients' unique needs: ◼ Global Expertise: Guidance across regions for comprehensive GCC solutions. ◼ Integrated Service Delivery: End-to-end support for all aspects of real estate decision-making. ◼ Assisted DIY Model: Empowering clients with strategic solutions for innovation, cost optimization, sustainability, and culture through our partners, including access to talent management, legal, banking, payroll, and other essential services. Connect with our teams for more details - Arpita Srivastava Sridhar Srinivasan

🌍 India’s Global Capability Centers: Catalyzing Innovation & Economic Growth Discover how India's GCC ecosystem is reshaping the global business landscape and how Q3 Technologies plays a pivotal role in driving digital transformation. https://lnkd.in/g7NiGJGB #GCC #GlobalDelivery #Q3Technologies #India #BusinessGrowth

Once more, Ericsson reduces Vonage's valuation Ericsson has slashed the value of its Vonage Holdings operations by nearly $1.1 billion due to lower anticipated market growth rates. This follows a $3 billion devaluation last year. Despite these cuts, Ericsson remains optimistic about Vonage's potential in the enterprise API market, aiming to build a global network platform for network APIs. Analysts, including Gartner, acknowledge Vonage's strong market position but note its financial performance struggles and profitability focus may hinder growth. API market opportunities Ericsson has cut Vonage's value by $1.1 billion due to slower market growth but remains optimistic about its potential in the enterprise API market. Gartner predicts 90% of global enterprises will use CPaaS by 2028, while IDC forecasts the network API market will grow to $6.7 billion by 2028. IDC highlights pressure on telecom providers to compete in the evolving digital market. Ericsson aims to leverage Vonage to access developers and enterprise customers, driving innovation in 5G capabilities. Despite progress, challenges remain in educating the enterprise market about these new API opportunities. Vonage's acquisition of Ericsson was questioned from the start. Ericsson's acquisition of Vonage faced skepticism due to perceived mismatches with its telecom operations. Analysts like Zeus Kerravala and Stefan Pongratz questioned the synergy with 5G connectivity. Despite Ericsson CEO Börje Ekholm's optimistic growth projections, the recent $1.1 billion devaluation indicates that the anticipated growth has yet to materialize. #Ericsson #Vonage #EnterpriseAPI #API #5G #Telecom #CloudComputing #TechNews #DigitalTransformation #CPaaS #Telecommunications #Innovation #MarketGrowth #TechInvestments #ITStrategy #BusinessGrowth #AI #EnterpriseTech #DigitalStrategy #NetworkAPI #GlobalPlatform #DeveloperCommunity #TechAcquisition #MarketTrends #BusinessStrategy #TechIndustry #TelecomTrends #DataSecurity #TechForecast #FutureOfWork #TechIntegration #TechDevelopment #CloudServices #TechSkepticism #APIIntegration #EnterpriseSolutions #TechOptimism #DigitalEra #TechChallenges #BusinessContinuity #APIAdoption #TechFocus #IndustryInnovation #TechInvestments #TechEducation #EnterpriseMarket #5GInnovation #CloudIntegration #TelecomMarket

thanks Smitha Hemmigae for sharing this excellent article.

Fascinating analysis of how #African telecommunication enterprises barely make the grade for shareholder returns and value creation and how they can change all that in the future. Kitso Lemo Boston Consulting Group (BCG) Johannesburg Key takeaways ·     The BCG report analyses 59 public telecom companies and found telcos delivered a median annualised total shareholder return of 6%. ·     Total shareholder return is measured over five years to limit the impact of short-term market moves. ·     From 2019 to 2023, the S&P 1200 index of global stocks had an annualised total shareholder return of 13%, meaning the telecom industry performed below the market average. ·     For the most recent five-year period, telecommunications ranked 31st among the 33 sectors BCG tracks. ·     Two telcos operating in Africa rank in the list of Top 20 telcos by five-year annualised total shareholder return. ·     Topping the list is Bharti Airtel, which generated an annualised total shareholder return of 30%. ·     Airtel Africa has 147.7 million voice and 59.8 million data customers and is expanding its network in both rural and semi-urban areas. ·     MTN ranks 16th on the list of the Top 20 telcos, the only South African listed company to do so. ·     BCG believes GenAI presents a massive opportunity for the telecom industry, not merely as a technological advance. ·     GenAI can catalyse profound transformation along the entire value chain. ·     GenAI-enabled customer service may at some point reduce service interactions by 50%, while improving customer satisfaction. ·     Realising this potential, demands more than just technological integration. ·     Executives must think about where and how to deploy it and with so much potential available for tapping, they should think big. ·     Falling interest rates will not ease many of the industry’s other problems such as uneven returns from 5G investments and static revenue. ·     It should be no surprise that this industry's value creation tends, on average, to fall below most other sectors over a five-year period. ·     Upper ranks of the telecom industry’s total shareholder return, are occupied by companies whose leaders have achieved much more. ·     Senior leaders can customise the recommended drivers for success to create their own, specific formula for success. Follow Intelligent CIO Africa for the latest regional #ict trends, news, features

Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced a strategic partnership with TM Forum, the worldwide consortium of over 800 entities driving digital innovation. The partnership will cultivate a powerhouse workforce that drives global operational excellence and digital transformation for Communication Service Providers (CSPs). As CSPs develop new operating models, they must continuously enhance workforce skills to align their talent with technological advancements, enabling simplification, modernization, and monetization at scale and speed. The partnership will meet this critical need by leveraging TM Forum's expertise in setting industry benchmarks and Tech Mahindra's deep domain expertise as the world's largest CSP IT services provider, fostering the adoption of the digital skills essential for CSPs to drive innovation based on industry standards. Abhishek Shankar, President - Communications Business, Americas, Tech Mahindra, said, “As our customers undergo transformative changes to boost revenues, minimize costs, and enhance customer experiences, the significance of an empowered workforce cannot be overstated. Our alliance with TM Forum will help foster a well-equipped workforce that can lead innovations rooted in industry standards, enabling CSPs to scale at speed their digital transformation and emerge as pivotal orchestrators in digital ecosystems.” #DigitalTransformation #Telecom Read More: https://lnkd.in/df6WbTm8

With highly skilled professionals driving innovation and digital transformation, and robust digital infrastructure, India stands out as the best choice for GCCs. What other possible reasons could it be according to you? Comment below and share your thoughts with us. #Skilledprofessionals #Digitalinfrastructure #Innovation #GCC #Quesscorp #Winningtogether

BSNL, one of India's largest and oldest telecommunications service providers, has faced numerous challenges in recent years, from stiff competition and financial constraints to technological advancements. Recognizing the need for a comprehensive overhaul, BSNL has trusted BCG, a global consulting firm, with the task of crafting its revival plan. This partnership marks a pivotal step in BSNL's ongoing efforts to rejuvenate its business and adapt to the rapidly evolving telecommunications landscape. ROAD AHEAD: BSNL’s collaboration with BCG is a commitment to transform and future-proof the organization. The comprehensive revival plan will be implemented in phases, ensuring that each step is meticulously planned for maximum impact in terms of operational efficiency, Market competitiveness, Technological advancement, and final restructuring. As the telecom industry continues to evolve, BSNL’s steps towards transformation will serve as a testament to its commitment to innovation and excellence. The road to revival is challenging, but with BCG's expertise and BSNL's determination, a successful turnaround is on the cards.

Day 1 at IMC 2024: An Incredible Start! Excited to have kicked off Day 1 of the India Mobile Congress 2024 as a delegate from KPMG India. I had the privilege of helping organize insightful sessions at Aakash Hall, where industry leaders discussed groundbreaking trends and innovations shaping the future of telecom and technology. Here are the key takeaways from Day 1: 1. Telco to Techno: The panel focused on the shift from traditional telecom to tech-driven approaches, emphasizing the transformative role of AI and automation. Discussions centered on achieving near-zero downtime, enhancing network availability, and aligning technology objectives with AI practices. The importance of data monetization and workforce transformation were key themes, highlighting the need for innovation to stay competitive. 2. Accelerators in Cutting-Edge Technology: We delved into India’s rapid technological advancements, from the deployment of 5G to positioning the country as a leader in 6G. The panel emphasized public-private partnerships, increased R&D investment, and the role of Digital India in driving sustainability and innovation, particularly in governance, health, and education. 3. Innovation and Technology: The session focused on India’s leadership in tech innovation, with discussions on adopting communication technologies, improving regulatory frameworks, and ensuring public safety. Collaboration between service providers and tech companies was emphasized as a critical factor for accelerating technology adoption and ensuring sustainable growth. Looking forward to more insightful sessions on Day 2! A big thank you to the speakers, organizers, and fellow participants for making today’s sessions so enriching. #IMC2024 #Innovation #5G #AI #Telecom #Technology #DigitalIndia #KPMG

Great to see our Private Networks forecast quoted in this exciting announcement between Virgin Media O2 and Accenture! We anticipate a significant portion of the revenue driven from the application layer by 2030 (more details in our forecast!) so partnerships like these are critical in unlocking the full potential of private networks. It isn’t just about connectivity but all of the outcomes you can deliver through the use cases, optimisation and automation on top. If you want to find out more about our forecast and other tools we have in our arsenal, please reach out! #stlpartners #privatenetworks