CSPs are in the eye of the storm
In the past decade, technology-driven disruption has affected all industries, but it hasn’t played out evenly for everyone. The communications industry is in the very eye of the current storm, with digitalization changing nearly every aspect of the industry and, in the process, completely redefining what communications companies need to do – and be – to simply survive, let alone thrive.
But traditional CSPs face a massive challenge in responding, and so far, they’re struggling. While they’ve been very successful in the past, most aren’t equipped to compete with the highly agile and efficient new entrants that can quickly develop, test, and roll out new products and services to customers hungry for innovation – and do so at a much lower cost.
Substantial opportunity amidst disruption
Amidst the tide of economic and social shocks, there’s usually a flurry of frantic innovation and evolution. In this case, more than ever, technology will be at the center of transformation, as companies adjust to the new social and economic norms – reinventing themselves and their operating model and rethinking how they make money.
For CSPs, this is an unbelievable opportunity – a chance to execute the transformation they’ve long talked about and become more central, and more relevant, to our modern society.
Cloud as the foundation
By harnessing the cloud, CSPs can capitalize on emerging opportunities, with the ability to:
Where to start and where it matters most?
As companies consider a move to the cloud, one of the most common – and important – questions we hear is, “Where do we start?” Accenture’s Cloud Assessment Framework can help give CSPs the answer.
The framework is primarily a combination of readiness (how prepared a company is for cloud adoption) and transformation potential (the company’s ability to re-imagine and reinvent), underpinned by innovation enablers (the increased leverage of data and ecosystem the cloud unlocks).
The framework also identifies the business impact of cloud adoption in three key dimensions:
- Top-line growth through new ways of working, partnering, serving clients, and monetizing;
- Cost and efficiency by shifting CAPEX to OPEX, and gaining cost flexibility and savings;
- Accelerated innovation in both the core business and in IT.
Looking just at the benefit of accelerated innovation, the cloud unlocks progressively bigger and more strategic business benefits along a CSP's transformation journey, ultimately enabling a complete reinvention of the business.
Unlocking the power of the cloud
The pressure is truly on for CSPs to change. They must move quickly from a relic of the past, to an enterprise that can innovate quickly and efficiently, and can capitalize on the huge wave of demand for 5G-related offerings that’s waiting to be unleashed. As owners of these powerful new 5G networks, CSPs are in a unique position to play a big role – but only if they can transform from connectivity provider to an orchestrator of value-added solutions that meet the needs of an entirely new breed of customers.
The cloud is the fundamental driver of this transformation and CSPs need to fully embrace it. Their future depends on it.