Reset. Reinvent. Rebound.
April 30, 2021
CSPs need to go beyond connectivity; they need to encompass digital and IT services to reignite growth by preparing for 5G, cloud and edge technology advancements. Only then can CSPs take pole position in powering the next connected industrial revolution, including $700bn in 5G services for B2B. And only then can they expand into Industrial IoT for digital manufacturing, smart cities/buildings and beyond.
In addition, CSPs can propel growth with partnerships and by building differentiated solutions. They can also adopt user-centric and data-driven open platform architectures to onboard ecosystem services to great effect.
During the pandemic, connectivity demand soared to mission-critical status. And for many people, working from home will be the new normal with an anticipated 50% broadband households globally will be smart households. What’s more, industries such as telehealth have continued to gain momentum.
CSPs are now vital to the consumer’s digital routine. They must build on their well-earned trust and in-home presence to expand their digital services. They can also drive recovery as trusted partners for business delivery, governments and overall digital service delivery.
CSPs are the backbone of the rapid evolution of 5G, cloud and edge. But how can CSPs best reap the benefits? By stepping out of the role of a delivery system and becoming an enabler.
CSPs should move from a hardware-centric universe and towards software-defined networking and IT (realizing a 40 percent savings in Capex by moving to virtualized, cloud-based architectures). Investments in edge platforms with key software functionalities can enable high-value IoT. CSPs can also use AI for more than automation, harnessing its potential for co-creation between people and machines.
Accenture can help you on this journey. With our deep knowledge of your business, pre-built, industry-specific solutions, and powerful ecosystem relationships, we can help identify the right priorities and build the capabilities required to successfully define and execute your future growth strategy.
The time to transform is now.