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Optimizing resources, streamlining operations, and improving network management
George Petersen
Head of Telco-enabled Projects
Eva Petritski
Content Manager
November 13, 2024
The amounts of data that Telcos today have access to are exploding: customer data, interactions, network events, etc. To make use of this information to improve customer experiences, telecom companies need to oragnize and manage this data in real-time:
Here’s where telecom companies can use AI for IT operations: identify and correct duplicates, errors, and inconsistencies so that only high-quality data is used for data analysis and decision-making. Or continuously monitor data inputs to detect anomalies or deviations from expected patterns.
AI and machine learning algorithms can also analyze historical data to predict future trends, such as customer behavior or network performance issues. When applied to 5G and internal data network management, AI can have predictive maintenance to reduce downtime. And by evaluating patterns in data, it can help to identify potential risks, such as customer churn, which can enable companies to implement targeted retention strategies.
Data-driven operations have become a priority for telecoms globally. Leading operators aim not only to improve operations through automation, analytics, and AI, but to largely make every operation within their ecosystem more data-driven.
One thing that usually hinders this transition is the lack of synergy between core underlying processes and the data. And analytics is crucial to bridge this gap:
This three-step approach can help achieve that:
Furukawa Electric is a Japanese telecommunications company that provides solutions for broadband and smart cities. They decided to implement artificial intelligence into their Sales and Operations Planning transformation in LatAm to enhance their forecasting accuracy and receive more revenue.
Here are the key steps they followed:
With these changes, Furukawa Electric was able to decrease the average waiver from 28% to around 3%. Besides that, the company reduced inventory costs and decreased product families by around 50% and 20%.
This is just one example of how to leverage AI and data science in telecom industry. Some telecom companies use it to entice customers with better experience, and others shift their focus to digital ecosystems to maximize revenue from one subscriber. If you want to learn more about digital solutions for telecom, visit this page or book a call with our team.