The digital business future provides organizations with nearly unlimited possibilities to create business value. Increasingly, data and analytics has become a primary driver of business strategy, and the potential for data-driven business strategies and information products is greater than ever. This is particularly in response to the continuing situation with COVID-19, which has been an accelerant for digital transformation and data-driven business.
Yet, for many, the ability to “think in data” is still difficult.
This transition to data-driven business requires data and analytics leaders, such as chief data officers (CDOs), CEOs and CIOs to elevate data and analytics strategies, advancing a new vision of business problem solving. It also profoundly impacts the work of a data and analytics organization and the enterprise competencies that must be built. It potentially changes the management ethos of the organization (see Figure 1).
Roadmap for Data-Driven Business Transformation
Data and analytics is central to the intelligent composable business. Data and analytics leaders must therefore select and invest in the most appropriate data and analytics strategies that will accelerate their digital ambitions.
Data and Analytics Predictions Through 2025 in Telecom Industry
Communications Service Providers (CSPs) and Telecommunications:
Through 2024, network-based CSPs who evolve their cloud network as a service using platform initiatives, marketplace and automation will increase from 5% to 40%.
Through 2024, the number of CSPs implementing platforms for effective participation in digital ecosystems will rise from 10% in 2020 to 50%.
Through 2025, the number of CSPs investing in artificial intelligence (AI) technologies for improving their infrastructure planning, operation and products will rise from 30% in 2020 to 70%.
Radical change in the telecom industry is forcing vendors to make strategic choices that reshape business models, products, services and ecosystem participation. TSP product leaders can use the Strategic Planning Assumptions in this research to evolve their technology and business strategies.
By 2025, at least 30% of all CSPs will be using hyperscale cloud providers as their technology partners for cloud-native infrastructure and edge computing.
By 2025, hyperscalers’ IoT mobile core network infrastructure will manage 20% of 5G IoT connectivity.